Current date is in the middle of the month and my lease started six months ago as of the first of the month and is paid on the first of every month. How do I enter my lease payments?
There are two ways:
- you can enter the lease payments from the first day of the lease, creating payment entries in your accounting module. However you need to mark every entry as paid to account for the payment.
- you create the payment dated on the first day of the next month and enter the previous revenue in the accounting section. In the accounting section click on revenue the green button to make an entry . The form will allow you to back date your entries, creating historical entries and giving you a better overall financial picture. Entries can be done on a yearly basis.
Why do I see no date in the Lease ending field? The expiration date will appear the day after the Lease starting date for now the lease is inactive till the actual Lease starting date.