Portfolio Settings

You can find the Portfolio Settings by clicking the three lines in the top right corner.

This name will appear at the top right of your dashboard after you log in and as a ‘Transaction Scope’ option on individual transactions.

Your Bookkeeping Start Date defines the period that TurboTenant Accounting’s records should be considered definitive.

The basis of accounting is the method used to record and report financial transactions, such as when revenues, expenses, assets, and liabilities are recognized in financial statements.

TurboTenant Accounting is optimized for Cash Basis, which is why it's set as the default. As a result, our Accrual Basis functionality is not automated or reported on to the same extent as our cash basis tools. It will require some configuration changes and manual transaction entry to accomplish.

Vendor tracking allows users to track payments by service provider.

This optional feature adds an additional layer to the structure between the top-level portfolio and individual property layers.

By default, the drop-down menu includes the Auto Balance or Owner Funds accounts.

If you selected one of the retained earnings accounts above, the prior bookkeeping period's net income will be added to that account and shown as a line on the Balance Sheet. A Retained Earnings line will show on the balance sheet if you have not selected an account.