If you've been using TurboTenant for a while, you've likely seen the section where you can enter manual expenses. This is a basic way to track expenses within the platform.

If you are subscribed to TurboTenant Accounting, you'll see ALL expenses, including those previously manually entered. We'll import the manual expenses you've already entered into a manual account as booked transactions, but TurboTenant Accounting should become your main bookkeeping platform.

To find the TurboTenant manual expenses, you can go to the Transactions tab, locate the "Expenses" section in Transactions.

If you have just a few manual expenses entered, this is likely the easiest path forward.

The import feed is a read-only copy of the transactions that happen in your bank reflected in TurboTenant Accounting. You can populate transactions in your import feed one of two ways: adding a linked bank account or uploading transactions from bank exports.

In these cases, it's often to treat the import feed as the source of truth and delete the handful of TurboTenant manual expenses. First, make sure to export the list of expenses.

With the TurboTenant Accounting Integration, the flow of information starts on TurboTenant's site and then goes into TurboTenant Accounting.

To make sure these manual expenses don't pop up again in the future, go to your TurboTenant dashboard and click "Transactions" on the left side menu.

From there, select Expenses and select the transaction to present the dropdown options, and click "Delete."

After the handful of manual expenses have been deleted from TurboTenant, navigate to the TurboTenant Accounting platform by selecting Open Accounting on the Transaction Tab.

Once there go to the Accounts tab on the left had side of the screen and select Banking.

Now click the pencil button next to the "TurboTenant Manual Expenses" bank account name and click "Delete."

Lastly, book the imported expenses in TurboTenant Accounting so that the transactions coming over from the bank are accurate and straight from the source.

If you've entered manual expenses in TurboTenant and want to ensure you've tracked each expense without missing any, this is the option for you!

First navigate to the TurboTenant Accounting website by clicking Open Accounting under the TurboTenant Transaction page.

Then, you'll import your bank account and set the import start date (the first day we start bringing transactions over from your bank) as the first day of your bookkeeping period, which, for most people, is January 1.

Next, you'll open the import feed on one side of your screen and the TurboTenant Manual Expenses Account on the other side.

From there, you'll be able to easily compare the transactions that happened in the bank against the transactions that have been recorded as manual expenses in TurboTenant.

If you find one in the import feed that has already been entered in TurboTenant, you can click the Book button and select Ignore. This will keep the transaction in your import feed if you ever need it in the future, but it won't count as an unbooked transaction or be filtered into your reports -- it's truly entirely ignored.

If you find transactions that were not entered in as TurboTenant manual expenses, you can book these straight from the import feed to the applicable property and expense account.

Lastly, if you've kept a detailed and copious record of transactions manually in the TurboTenant Expenses that you know to be true and accurate, this third option is the best for you.

When adding a bank account in TurboTenant Accounting, we want the first date the transactions start in TurboTenant Accounting to be the day after the last TurboTenant manual expense that was entered. This will create a specific date when you make the switch from manual expense tracking in TurboTenant to automatic expense tracking in TurboTenant Accounting.

If you are adding a linked bank account, you'll enter this date as the import start date. If you're uploading transactions from bank exports, you'll start the transaction history on this date.

Once the transactions are populated in TurboTenant Accounting, you will discontinue using TurboTenant manual expenses and start bookkeeping these transactions in the TurboTenant Accounting import feed.

If you've entered your mortgage or standard loan payments in TurboTenant as manual expenses, these are incorrect. In these cases, delete these TurboTenant manual expenses and re-enter the information using TurboTenant Accounting's Loans page.

Mortgage and standard loan payments usually have three components: principal, interest, and an escrow transfer.

Of these three pieces, only the interest component is immediately visible as an expense on the Net Income (Profit & Loss) or Schedule E reports. The principal paydown for a loan is not displayed on the net income statements. Loan repayment is not considered an expense when it comes to your taxes or when calculating profitability. If your loan is escrowed, the monthly escrow contribution won't show on the P&L since it is an estimate and not a direct expense (and therefore, the IRS doesn't allow it to be used as a deductible expense).

The actual property tax and insurance expenses that correspond to your escrow contributions will show on the P&L, but these escrow expenses have to be entered manually since they are not coming out of a linked bank account. Read more about loans in TurboTenant Accounting: