[GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?

[Glenn Fowler]

Hi,

I use GnuCash for rental properties as well. Setup your accounts under
expenses for repairs, insurance, utilities, etc. In my case, I setup a
recurring transaction for rental income. Then, you only need to make
changes as needed instead of doing it manually every month.



On Fri, Mar 4, 2022 at 6:15 PM Michael or Penny Novack <
stepbystepfarm at comcast.net> wrote:

> On 3/4/2022 4:46 PM, arthur brogard via gnucash-user wrote:
> > We intend to start using gnucash to keep an account of our rental
> property.
> > This is our first for everything: having a rental, keeping accounts,
> using gnucash.
> > We can open an account for the property and enter all amounts received
> as we get them.
> > We can open another for other expenses such as water, I guess.
> > Can we somehow set it up so that the rent due every week is posted to
> that rent account automatically?
>
> What Derek said ,,,,,,, The "general ledger"is a record of transactions
> that have happened. Gnucash also can produce "budget" reports and ":cash
> flow" reports.
>
> Is this some sort of situation where there is close to certainty that
> the rent WILL arrive as scheduled? That's the only situation where I
> might be tempted to make that an automatic scheduled transaction << say
> some agency is paying the rent on behalf of this tenant >>
>
> Michael D Novack
>
>
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