Year-End Close Resources

WELCOME TO THE RENT MANAGER YEAR-END CLOSE RESOURCE CENTER

Congratulations on bypassing the call queue!

We created this online catalog to be the fastest, simplest way to find answers to your most-pressing tax-season questions and concerns.

If printing isn’t your issue, the following article links should help you quickly and easily navigate your end-of-year accounting activities. Please review the following scenarios to identify the solution that best meets your needs:

Know your deadlines: 1099-MISC forms must be filed with the IRS on or before January 31, 2017 if you are reporting non-employee compensation payments in box 7. These forms must be delivered to payees by February 1, 2017.  If you are not reporting such payments in box 7, file by February 28, 2017 if you file on paper, or by March 31, 2017 if you file electronically.

Use the 1099 Adjustment Tool to quickly correct the vendor 1099 allocations on your checks.

Follow a few simple steps to make sure your vendor, owner, and property data is correct and complete.

Check that your vendors are correctly marked before running your 1099s.

Add unrecorded 1099 beginning vendor balances to your properties using the YTD Balances Tool.

Use the 1099 Vendor Breakdown Report to view all vendor 1099 and non-1099 transaction totals by property.

Fix 1099 Vendor Breakdown errors quickly and efficiently.

Enter missing Tax ID Numbers in a few simple steps.

Calculate Owner 1099s—accurately—in no time.

With a few clicks of the mouse, generate and print your 1099s.

eFile your 1099s by exporting your completed reports.

Create and print 1096 reports in a flash.

Adjust the formatting of your 1099s and 1096s to eliminate printing issues.

Post your retained earnings for the year’s end.

Discover how to establish a default accounting close date and designate other accounting close settings.

Need to reverse a transaction that falls within a closed accounting period? We can help!

Learn how to compare your Balance Sheet and Profit & Loss reports to verify your operation’s net income.

If you didn’t find the answers to your questions here, try searching Rent Manager University, or contact our support specialists from 8:00 am to 7:00 pm Eastern, Monday through Friday, 800-669-0871 or support@rentmanager.com.


Rent Manager Overview

Upcoming Events

  • All County Annual Conference

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    March 23-25, 2017 - St. Petersburg, FL

    All County Property Management franchises provide personalized service to give property owners peace of mind. Years of experience, in-depth knowledge of the marketplace and industry-leading processes make All County the name to know for property management solutions. All County offers…

  • CALNARPM Conference & Trade Show

    NARPM California

    April 11-14, 2017 - Napa, CA

    Join over 200 Top California property management professionals for our annual conference and trade show where you’ll learn what’s actually working TODAY and where the industry is headed TOMORROW. 5 REASONS TO ATTEND CALNARPM CONFERENCE IN 2017 Grow your business…

  • Columbus Apartment Association Expo

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    April 13, 2017 - Columbus, OH

    The Central Ohio Multifamily Exposition is the CAA's annual trade show and education conference. The CAA's Expo is Central Ohio's largest multifamily industry show, attracting more than 400 attendees who are anxious to build on their already established business relationships…

  • Greater Dayton Apartment Association Trade Show

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    April 26, 2017 - Kettering, OH

    The Greater Dayton Apartment Association is a professional trade organization representing the multifamily industry. Their mission is to provide educational courses and seminars promoting apartment professionalism and to monitor legislation and inform legislators on issues that may affect the multi-housing…

  • Manufactured Housing Institute National Congress & Expo

    2017 National Congress & Expo

    May 2-4, 2017 - Las Vegas, NV

    Plan to join us for the 2017 Congress & Expo on May 2-4, 2016 at Caesars Palace in Las Vegas to obtain the knowledge and resources necessary to excel in today’s housing marketplace. You can choose from top quality educational…

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