Entering beginning vendor balances

If you're just starting with Buildium, you can enter any unpaid bills or uncleared checks that you have as of your accounting start date. This will give you an accurate financial picture to move forward with.

Entering unpaid bills

1. Navigate to Accounting > Bills.
2. Click Record bill.
3. Enter information about the bill:
   • Property: Assign the bill to one or more properties by selecting the appropriate properties.
   • Account: Indicate what the bill is for by selecting the proper accounts. For example, if the bill is for general repairs, select Repairs.
   • Amount: Allocate the amount across the specified properties.
4. Click Save

Entering uncleared checks

1. Navigate to Accounting > Banking.
2. Click the name of the bank account you wrote the check from.
3. Click Record check.
4. Enter information about the check:
   • Date: Choose the actual date of the check. This date is often before your opening balance date for your records in Buildium.
   • Property: Assign the check to one or more properties by selecting the appropriate properties.
   • Account: Indicate what the check is for by selecting the proper accounts. For example, if the check is for general repairs, select Repairs.
   • Amount: Allocate the amount across the specified properties.
5. Click Save.

As these checks clear your bank account, you'll be able to reconcile them without affecting your opening bank balances.