Rent Summary Report Overview

The Rent Summary Report summarizes rents due and collected for the current period. The purpose of this report is to reconcile the current month's rental income for the property. Supporting detail by unit can be printed independently for both the Rent Collected and Rent Potential sections. All transactions with a transaction date for the selected property's current accounting period is included. Note, unlike other reports—this report prints a single page per property.

The report includes all activity with a transaction date that falls within the current accounting period. The Total Rent Collected for Month matches the Rental Income form the Monthly Income Summary Report. The Net Rent Collected for Month matches the Rental Income from the Reconciliation Report.

Potential Rent Billed This Month is defined as the sum of all billings or adjustments (1,2 and 9) transactions that are due in the current accounting period where the income code Potential is set to Y.

The definition of Unit Potential Rent varies depending on the situation it is used in. For instance, if the unit vacant then Unit Potential Rent = Unit Market Rent. But, if the unit not vacant then the Unit Potential Rent = the sum of all active recurring charges (converted to monthly, if needed) for any current residents where the income code Potential flag is set to Y.

As with all reports, this report is based on property selection, therefore prior to displaying the report be sure to select at least one property within your database to work with. Property selection is established on the Select Properties Tab.

Additionally, reports use various codes to display your reporting data. For a complete list of legends to assorted codes, refer to Legends to Assorted Codes.