Recording a tenant payment made directly to a rental owner

From time to time, a tenant may pay a rental owner directly. In this case, it's important to record this money on the tenant's ledger for a few reasons:

1. To ensure the ledger's accuracy.
2. If the management fee policy is based on a percentage of collected income, this money should be included in the calculations.

To record this in Buildium:

1. Navigate to Rentals > Rent roll.
2. Click on the lease you want to record the tenant payment on.
3. From the lease summary page, click on the Financials tab.
4. Issue a credit to record the money that was paid directly to the owner. Add the credit as usual and use the following settings:
   • Date - as appropriate
   • Amount - as appropriate
   • Credit action - choose the third option to Issue credit for payments previously deposited. Choose Owner Draw Equity as the offsetting account.
   • Memo - as appropriate
   • Apply the credit as appropriate to the situation.
5. Click Save credit.

If this happens on a regular basis because the tenant always pays the rental owner directly, consider using a recurring credit.