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, 2019 if you are reporting non-employee compensation payments in box 7. These forms must be delivered to payees by February 1, 2019.

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.

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

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.

Download the Tip 5 Tips for Your 1099 Year-End Close eBook

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

  • MHI Congress & Expo

    MHI Trade Show 2019

    May 6-8, 2019 - New Orleans, LA

    The MHI National Congress & Expo for Manufactured and Modular Housing (MHI Congress & Expo) is hitting the road for 2019 and will be held in New Orleans at the Hyatt Regency, May 6-8! Mark your calendars now and make sure…

  • AvidXchange RevX Conference

    AvidXChange RevX

    May 14-16, 2019 - Huntington Beach, CA

    REVX is a community of professionals who are passionate about improving their accounts payable and financial processes. AvidXchange’s annual conference provides attendees with the opportunity to engage in hands-on training workshops, gain actionable insights from thought leaders, and geek out about…

  • Arizona Manufactured Housing Conference

    MHCA Logo

    May 15-17, 2019 - Chandler, AZ

    The program will feature several speakers on a variety of topics focused on helping you to improve your business and our industry. In additional to the educational program, MHCA will have excellent exhibitor events and a special networking Welcoming Reception…

  • Louisville Apartment Association Trade Show

    May 16, 2019 - Louisville, KY

    Take this great opportunity to meet and network with many LAA Associate members! These people do far more than quick installs and emergency fixes. They take care of rental properties, and the residents who live there! Come check out the…

  • IREM West Regional Meeting

    IREM Logo

    May 29-31, 2019 - Broomfield, CO

Recent Blog Posts

  • 11 Letter Templates to Save You Time in Rent Manager

    We recently took to our Facebook audience to ask what skills a property manager must have to be successful. Among the most common answers were communication skills, the ability to wear many hats, and time management skills. None of these responses come as a surprise…

  • How to Communicate Effectively to All Generations

    Within the next decade, the youngest Baby Boomers will enter retirement and the elder Gen Zers will enter their 30s. There is a shift beginning in the way we approach communication in rental housing so that we can better target the young and seasoned audiences…

  • ICYMI: Release Notes Recap(Q1 2019)

    Release Notes Recap Blog Cover

    The first quarter of 2019 brought multiple new additions to the Rent Manager platform and as always, we’re here to highlight a few of our favorite updates in the Rent Manager Release Report. Want to learn about these updates even faster? Check your inbox for…

  • Rent Manager Takes On Capitol Hill

    Since we began in 1987, LCS and Rent Manager have been 100% focused on making life easier for our customers in every way. This customer-centric mindset goes well beyond just our software offerings. This past month, our team joined hundreds of fellow industry-members on Capitol…

  • Rent Manager Named FrontRunner for Residential Property Management Software

    2019-FrontRunners-Blog

    Combined Usability and User Recommended Scores place Rent Manager among top 3 enterprise vendors Cincinnati, Ohio (March 28, 2019)—London Computer Systems (LCS) announced today that its product, Rent Manager® property management software, was again named a FrontRunner for residential property management software by Software Advice.…