RentHQ Software Blog

Monthly Archives: September 2013

New Feature - Quicker Filtering

Posted on September 27, 2013

This is a very simple change, but sometimes it is the simple things that count.

If you go to one of the screens which has a date range filter at the top, like the cashbook screen for example, previously you had to select an item from the filter dropdown list, and then press the Load button.  Having to press the load button just seemed a bit un-necessary.  So now you dont have to.  As soon as you select an item from the filter list, it will automatically perform the load for you.

New Feature - Mortgage List Report

Posted on September 27, 2013

A new report has been created called the Mortgage List report.  This can be found under Entity List reports on the reports screen.

This report prints a list of mortgages, with some basic information like their code, property, start date, account number etc.  It also prints the current outstanding balance as calculated by RentHQ.  At the bottom of the report it will show the total outstanding balance across all mortgages.  This is great to see how much debt you currently have.

New Feature - Closed Mortgages

Posted on September 25, 2013

You can now mark a mortgage as closed, just like you can close a property or a tenant.  You can choose to hide closed mortgages from the list.  Closed mortgages will also not appear in the list when saving mortgage related transactions.

New Feature - Mortgage Analysis

Posted on September 22, 2013

Additional analysis has been added to the Mortgage feature added just recently.

The mortgage details screen now includes a payment tab, which lists all the interest and principal payments related to that mortgage.

The mortgage details screen now also includes an Analysis tab.  This will show the total paid for both interest and principle, as well as the current total balance outstanding.

New Feature - Mortgage Tracking

Posted on September 8, 2013

A new feature has been added to help track mortgages.

This feature is optional, and when you run RentHQ for the first time, it will ask you if you want to enable this feature or not.  Property managers would probably say no, while property investors would probably say yes.

If enabled, a new Mortgages menu option appears under the Properties tab.  This is where you record the basic details of the mortgage like start date and value, bank account number etc.

Also in the Expense Group details page, you can specify if a particular expense group is used to record the paying back of mortgage interest or principal.

Then when entering transactions, if you specify one of the mortgage related expense groups, you will get the option to enter which mortgage the payment relates to.  This applies to transactions created via the cashbook or imported from your bank statement or created via automatic transactions.  If you import statements, you can also attach the mortgage to one of your import rules.