When reconciling income and expenses via our bank feeds feature you can now split a single transaction into multiple categories and across multiple properties when reconciling from the bank feeds.

Contents

I. Splitting Income

II. Splitting Expenses

III. Unreconcile A Split Transaction

How to Split Income on Desktop

If you have a tenant pay you the deposit and first month’s rent in one transaction, for example, you can split and track the rent amount and the deposit amount separately even though there is only one transaction in your bank feed.

Step 1: Open the app and navigate to bank feeds.

Step 2: Click on the three dots to the right of the "Reconcile" button for the income transaction you want to split and select "Split".

Step 3: The system will automatically split it into two equal transactions.

Choose the property you want each transaction to be reconciled against and the payment type.

The system will automatically apply the payment to the earliest payment period for that units current lease.

If you want to split it across more than two properties you can manually change the amounts and add as many new splits as you need. Click on Split Evenly at the top right portion of the Split Payment page to divide the total evenly across multiple splits.

The system will calculate how much of the income remains unentered - in order to complete this reconciliation there can not be any "Split Remaining".

Step 4: Hit “Go” when you’re ready and the system will log the payments against the properties you selected.

You can view and edit these transactions by navigating to the relevant property and selecting view payment history.

How to Split Income Transactions on Mobile

Step 1: Open the app and navigate to bank feeds.

Step 2: Select the transaction you want to split and click on Split.

Toggle Split Evenly to divide the total evenly across multiple splits.

How to Split an Expense on Desktop

When reconciling expenses via our bank feeds feature you can now split the transaction into multiple expenses and across multiple properties.

This update means if you have a general expense combined with a property-related expense, you can split and save a portion of that expense towards your organization then save and track the property-related expense separately even though there is only one transaction in your bank feeds.

Step 1: Open the app and navigate to bank feeds.

Step 2: Click on the three dots to the right of the "Reconcile" button and select split.

Step 3: The system will automatically split it into two equal expenses. You must select a property and category, and you can choose whether it is a Capital Expense or not.

If you want to split it across more than two properties you can manually change the amounts and add as many new splits as you need.

The system will calculate how much of the expense remains unentered - in order to complete this reconciliation there can be no "Split Remaining". You will need to make sure you’ve split the entirety of the expense.

You can click on Split Evenly at the top right portion of the Split Payment page to divide the total evenly across multiple splits.

Step 4: Hit “Go” when you’re ready and the system will create expenses as detailed against the properties you selected.

You can view and edit these expenses as you would any other expense by navigating to the property.

How to Split an Expense on Mobile

Step 1: Open the app and navigate to bank feeds.

Step 2: Select the transaction you want to split and click on Split.

Toggle Split Evenly ON to divide the total evenly across multiple splits.

Unreconcile a Split Transaction

If you erroneously reconciled a transaction, you can unreconcile it easily by navigating to the “Reconciled” page.

The income that has been split will have the split transaction symbol. Click on the three dots for the transaction you want to unreconcile and hit “Unreconcile”. It will ask you to confirm.

Hit “Continue” and this will unreconcile the transaction and remove all of the entered incomes that were created when you reconciled.

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