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Updated over 1 year ago, 04/04/2023

User Stats

19
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4
Votes
Timothy Heck
4
Votes |
19
Posts

Accounting for Personal expenses- payments for credit cards in Property Managment Sof

Timothy Heck
Posted

Hello,

I have been using Rentec Direct the last few months and am getting used to is, just a general question for PMS if you have personal expenses on a credit card, do you categorize those under "Owner Withdrawals" or create separate categories, ex for Medical expense or Personal Travel?

Also for when you pay a credit card, should you just delete that on your feed and account for it with the bank account feed you are using to pay it?  What do most folks with Property Management software do in this case?

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