Buildium now has a bulk credits tool that can apply credits on multiple resident ledgers at one time.
The bulk credits tool is only available per property, it will not add charges across several di...
Moving funds between properties owned by the same rental owner
When recording an owner draw, you might notice that some properties have a negative amount available for payment and others a positiv...
Available cash is the amount of money available to be paid to a rental owner.
When recording an owner draw, the available for payment column will pull from the owner’s available cash as of today...
A bank account is an asset that represents money held in a bank or credit union.
Synonyms include operating account, trust account, escrow account, and reserve account.
For example:
Around the fir...
Trust accounting is a method of accounting wherein cash owned by multiple people is kept "in trust" within a single bank account. When you enter opening balances in Buildium, it's very important to...
In Buildium, once you’ve manually received payments from tenants, association owners, or rental owners, you need to take an additional step of recording that those payments as deposited.
Any paymen...
You can edit certain types bank deposits that have been recorded in Buildium.
If the deposit has been reconciled, only certain fields will be editable.
If the deposit was recorded as an EFT or cred...
If you mistakenly record a deposit into a bank account in Buildium, you are able to delete the deposit as long as it hasn't been reconciled.
To delete a bank deposit:
Navigate to Accounting > Bank...
In Buildium, you can record a reversal a tenant payment due to a bounced check and add an NSF fee or bank fee at the same time.
To reverse a tenant payment:
Type the tenant's name in the search ba...
An Other Bank Transaction refers to any bank transaction other than a check or bank deposit.
You can use Other Bank Transactions to represent a transfer of funds from one bank account to another, a...
You've probably heard the saying, "Whatever happens in the real world, happens in Buildium". In order for this to hold true, there will likely be times where you'll need to transfer money between b...
Buildium will print your bank deposit slips automatically, saving you time at the bank. You can print a deposit ticket when you record a bank deposit in Buildium or at any time after, if you need a...
There are times when you may use a credit card for expenses instead of using a check or debit straight from a bank account. In Buildium, we do not have a credit card tracking function, but do provi...
Use this topic if you've been using Buildium for a while and you've recently decided to use the banking features as well. If you've got a sizeable amount of undeposited funds and a negative bank ba...
A bank reconciliation is a comparison between a company's banking records in Buildium against your "real world" bank statements. Bank reconciliation is a great way to find typos, missing transactio...
If you've never reconciled a bank account before, this is the topic for you. We'll help you get the work done as quickly as possible, using some tips we've picked up along the way. Once you've read...
A bank reconciliation is a comparison between a company's banking records in Buildium against your "real world" bank statements. Bank reconciliation is a great way to find typos, missing transactio...
A bank reconciliation is a comparison between a company's banking records in Buildium against your "real world" bank statements. Bank reconciliation is a great way to find typos, missing transactio...
Petty cash is money that you keep in the office in case of small, unexpected expenses.
For example:
Unit 12 sprung a leak, and I needed to quickly pay the plumber up-front so that he would perform...
