The Vendors feature allows users to track payments made by service providers. Details such as the name, email, phone number, address, and tax identification number can all be recorded with the Vendor.
In addition to property and expense categories, using Vendors can provide additional insight into your rental property expenses.
The Vendors feature is disabled by default and needs to be turned on to track Vendors.
The TurboTenant Accounting system can be used to track Vendors and the totals paid to each, but does not directly create, file, or send 1099s to Vendors or the IRS.
🚀 When you access any of the Tracking Tools, you’ll be redirected to the TurboTenant Accounting Website. We’re working to bring these tools directly into your TurboTenant Portal. Coming soon for a smoother, all-in-one experience!
To Add Vendors to TurboTenant Accounting
1) Select Vendors under the Tracking Tab
🚀 If you do not have the Vendors feature turned on, you will need to navigate to Portfolio Settings in the right-side menu.
Toggle 'Enable Vendor Tracking' to Yes and Update Settings
3) Now navigate to the Vendors page under the Organization and click Add Vendor
4) When booking expenses manually or from the import feed, select the vendor from the drop-down menu
5) View all the transactions booked to that vendor
Click on the name of the vendor to view all transactions booked to that vendor.
5) View the totals in the Expenses By Vendor Report
Each vendor's name is clickable, so you can view the transactions that total the payment value.
