AppFolio Questions: Bank Transfer

December 9, 2021
70+
Lorem Ipsum dolor sit amet.
Lorem Ipsum dolor sit amet.

AppFolio user question:

Simple Transaction transferring tenant deposit money from escrow to trust for the purpose of surrendering to new owner. Transaction does not show on reconciliation page. Would anyone understand WHY?

APM Help answer:

The transaction would not be on the rec page if you've forgotten to do the transfer in Appfolio. Would need an example of the tenant you are moving out to confirm. It is most likely that you forgot to complete the bank transfer in AppFolio. You can do this by going to Accounting > Bank Transfers. You can group the outstanding transfers or select one from the list and select "Mark as Completed". This will record two Journal Entries transferring the funds from one account to the other so that you can reconcile the account.

Want more answers to AppFolio questions like this? Speak with one of our Property Management experts today!

Our Services

On-Demand Consulting

On-Demand Consulting

Consulting with AppFolio, Buildium, Propertyware, & Rent Manager experts to answer any and all software related questions in less than an hour. No long-term contracts and easy to get started.

lEARN MORE
On-Demand Consulting

Trust Bookkeeping Services

Bookkeeping services provided by expert accountants for AppFolio, Buildium, Propertyware, & Rent Manager. For less than the cost of a full-time bookkeeper you can have a whole team of experts.

lEARN MORE
On-Demand Consulting

Corporate Bookkeeping

Let us take care of your corporate payables, receivables, reporting, and payroll with Quickbooks and Gusto. With us you can focus less on accounting and more on growth!

lEARN MORE
On-Demand Consulting

Daily Bank Reconciliations

Get your bank reconciliations done every single day! Keep your books accurate by making sure that everything is  accounted for. Available for AppFolio, Buildium, Propertyware, & Rent Manager.

lEARN MORE
On-Demand Consulting

Daily Audits

Curious just how clean your books are? Find out with Triple Tied Out! It's our daily auditing service that checks your bank recs, liabilities, and property balances. For AppFolio, Buildium, & Propertyware.

lEARN MORE

Why Choose APM Help

Expertise

Our consultants are well-versed in the software solutions commonly used in property management. Whether you're using AppFolio, Buildium, Propertyware, or Rent Manager, we have the expertise to clean up your books and maintain their accuracy.

Scalable Solutions

As your business grows, so do your accounting needs. Our U.S.-based account managers with industry experience are dedicated to managing your books, giving you the time and confidence to focus on expansion.

Audit Support

Going through an audit can be a daunting task. We offer daily audits and audit preparation services to ensure your books are always audit-ready, providing you with peace of mind.

Back-Office Services

Beyond bookkeeping, we offer a range of back-office services to streamline your operations, including maintenance coordination, property improvement loans, and corporate bookkeeping.
Your Success, Our Priority
APM Help is not just a service provider; we are your partners in success. We understand thatproperty management demands a holistic approach, which is why we offer a suite of services tailoredto address the diverse needs of your business. Our goal is to empower property managers to excel intheir markets by providing them with clean books, efficient processes, and the time they need tofocus on building strong client relationships and achieving their growth ambitions.

Ready to work with the experts in rental property management?

We typically respond in under 10 minutes!

Get Started Today
Property Management Accounting Expert