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New w/ Appfolio 3/13/19

This is a game changer!! AppFolio news on 3/13/19: Exclude Other Receipt From Pay Management Fees Calculation We’ve heard that it is common to pay the management company an additional fee (late fee, app fee, etc), then later waive the fee or refund that money to the tenant. This requires a refund of the property…
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Cash Vs. Accrual

What is Cash Accounting versus Accrual Accounting? Accrual basis accounting is when revenue and expenses are recorded at the time they are “earned”, regardless of when the money was actually received or paid. Cash basis accounting is when revenue and expenses are recognized at the time they are received or paid. These accounting practices are…
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1099 Balance Forward Feature in AppFolio

OMG, my geeky meter soared sky high today. I always say that I have a “Forest through the trees” syndrome in AF. There are still some cool features that stare me right in the face but I’m oblivious to them. Today it was the 1099 Balance Forward feature. When new property management companies onboard with…
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Adjusted Cash Balance Issues

Adjusted cash balance issues happen when the property balance(s) do not agree with transactions posted to the cash bank account. The database runs a check that involves the following process: Property balances (only from properties linked to the current bank account) Less unreconciled deposits Less unreconciled receipts deposited after the reconciliation period Plus unreconciled checks…
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