Getting Started 3 - Monthly Accounting Cycle

Once your DoorLoop account is set up and your tenants are paying, it's time to close the books each month with confidence. This session walks you through every step of the monthly accounting cycle, from recording expenses and deposits to running management fees and paying out owners.

Whether you manage properties for yourself or on behalf of other owners, you'll leave with a clear, repeatable process for keeping your books accurate and your owners informed.

WHAT WE'LL COVER

• Verifying your ledgers before you begin
• Recording expenses, bills, and deposits
• The difference between expenses and bills, when to use each, how to add line items, and how to allocate costs across multiple properties or units.
• Bank deposits and transfers
• Setting up and running management fees
• Owner distributions
• Key reports to review each month

After this, you will be able to go live and automate your rent collection and late fee processes from beginning to end!