How to Add a Quick Account for a Lease?
Adding a quick account for a lease is a simple and effective way to manage your lease payments and related accounts. PropSpace Property Management Software makes this process easy, helping you stay organized and efficiently handle recurring payments. Here’s a step-by-step guide to adding a quick account for a lease.
You can quickly add an account for your lease in PropSpace, which helps manage all payments related to the lease in one place. Here’s how:
Navigate to the Lease Screen.
Click on Add Quick Account.
Complete all the necessary information:
- Account For: Specify the account.
- Payment From: Choose the payer.
- Payment To: Choose the recipient.
- Amount per Recurring Payment: Input the payment amount.
- Recurring Payment Due Start Date: Specify the start date.
- Cheque Bank Name: Enter the bank name.
- First Cheque No.: Provide the cheque number.
- Cheque Status: Update the cheque status.
- Taxes Applicable: Select applicable taxes.
- VAT: Tick the box if VAT applies (for VAT, ensure the box is checked).
- Payment Mode, No. of Recurring Payments, and Payment Frequency are pre-filled by default.
For Taxes Applicable, select each transaction individually if you want taxes charged to each. If you want the tax added as a single transaction, select that option separately.
After filling in all details, click Save and then OK.
You can view your added quick account under the Lease > Accounts Tab
By following these steps, you can easily add and manage a quick account for your lease in PropSpace, streamlining your payment tracking and reducing the complexity of managing recurring payments.
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