New Column on Tenancy Ledger to show Number of Days and Amount of Arrears
Rather than having to go through a tenant's ledger with them, it would be handy for tenants to have the number of days and amount of arrears displayed on the tenancy ledger, also perfect for property managers processing tenancy applications with ledgers from other agents using Property Tree. No need to go through every transaction in the ledgers if these are displayed, makes life easier.
Hi Supporters, thanks so much for all your responses! We are getting close to having this ready for our development team. I'm hoping for a little bit more feedback if you have any on the following -
1. An option when you generate the ledger for "Showing Transactions Only" (so cutting out the other items such as when invoices are entered). However, this would show credits as well. Although credits are not transactions these affect amounts due by the tenant. This would keep all of the current tenancy ledger columns.
2. Also an option to Show Rent Arrears Details (so a running total for arrears and the days in arrears). When this option is selected and generated we would replace other ledger columns to then display the additional rent arrears details. Inserting more columns into the current tenancy ledger has been a challenge with the amount of information currently there. The rent arrears information would show rent only transactions and credits by default so that it had an easy to follow running tally of the rent arrears/days in arrears.
These additional options would be available when you are generating an individual tenancy ledger and gives you the choice of the information you want to see. Whether you want a full ledger, or you are wanting to see transactions only, or wanting to see rent arrears information to help explain details to a tenant etc.
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Reception MPM commented
Perfect!
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Rennae Tindal commented
Please keep the balance column and show a double sided ledger with the charges in the debtors column and the payments in the credit column with a running balance. You cant see the history of charges and payment at a glance. You cant see rental changes over long periods without going line to line.
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Reception MPM commented
Why don't you somehow adjust the Part Payment column to be either a positive or negative amount and then add the number of days in arrears column to align with arrears amounts. At the moment the part payment often looks like the tenant is in arrears but they actually paid past that specific week end date.
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Katelyn Spokes commented
Arrears amount & days would be great!! Are they removing any columns aside from the balance?
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Cheyenne Russell commented
Both arrears amount and days in arrears please! Also keeping the balance column! :)
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Karen Van Der Heyden commented
Both arrears amount and days in arrears!
We love the balance column too, please keep it! -
Sam Bedford commented
you need the balance column as well. A lot of tenants want to know how much in total they have paid.
it also makes manually working out paid to dates when errors have been made a lot easier. -
Merissa Broderick commented
Hi Angela, From our perspective just the amount of arrears recorded at the time of receipt would be fine but if there is a days column as well it wouldn't hurt. Thanks for looking in to this :)
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Reception MPM commented
This would be fantastic to show the effective arrears on each payment/invoice line on the ledger so that it is easy for the tenant to immediately see when they have been in arrears for the whole of the tenancy even though they deny it. It would also be good to show it as a negative if they are always in front with their rent. At the moment, when I try to explain to people that they are behind with their rent, they don't understand the "part payment" column so if I can just say 2 days @ $50/day (or whatever) and it clearly shows that on their ledger then they can get themselves up to date
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Maddy Cooper commented
The arrears column would be great! It would be good to simplify the ledger and remove the payer / who receipted the money from the ledger.
This could be kept in the transaction history but would make the ledger easier to read. -
Chloe Gibson commented
If possible, it might be handy to leave the balance column.
If the arrears could be after that or have it underneath as a new row.I would also suggest showing the arrears on the rent receipts for the tenants to see that they are paying behind.
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Katelyn Spokes commented
Yes - we highly vote for this!! I do feel that the MRI Property Tree ledgers have ALOT of unnecessary coloumns and it could be simplified, but this is a column that would make them easier to read.
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Mickeeley Smith commented
Yes yes yes!!
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Mickeeley Smith commented
Please create an arrears column in the tenancy ledger!! Other software on the market has this column and it shows how many days in arrears and when. It is next to the balance column. It makes everything so much easier, makes so much sense, allows you to see exactly how many days tenants are in arrears and when they fell into them, and provides more clarity for them on when it happened promoting them to rectify this. Property tree would be perfect if it had an arrears column in the ledger!
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Alisa Martin commented
The tenancy ledger should have a "current rental balance" column - to show what the actual balance is, at the time of each payment (whether they still owe rent, or are in credit).
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Paige Jeanneret commented
By adding a category of 'days in arrears' on the tenancy ledgers, you can clearly see how many days the tenant is behind without going through each payment, line by line.
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Zackary Stereff commented
Have an arrears column on the ledger to show how many days of arrears the tenant have been in or were. like property me ledgers
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AdminAngela Sutton (Admin, MRI Software) commented
Ability to show the number of days in arrears when payment was made, and how much was due/due date. On the ledger would be beneficial as there is no need for the debit/credit/balance column, only one column is needed to record what has been paid