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

  • Midwest Multifamily Conference

    Midwest Multifamily Conference

    October 10-11, 2017 - Indianapolis, IN

    TWO DAYS OF EDUCATION AND EXCITEMENT. Tailored for Midwestern apartment professionals. The Midwest Multifamily Conference is the largest industry conference dedicated exclusively to helping Midwestern apartment professionals reach new levels of professional success. Two action-packed days of learning, networking, and…

  • Southeast Community Owners Symposium

    Southeast Community Owners Symposium

    October 10-12, 2017 - Marietta, GA

    The Southeast Community Owners (SECO) welcomes and invites you to attend the SECO Conference in Marietta, GA. Hear the good, the bad and the ugly from fellow community owners. Explore new ways to run your community, acquire the knowledge to…

  • Western Manufactured Housing Communities Association Convention & Expo

    Western Manufactured Housing Communities Association

    October 16-19, 2017 - Reno, NV

    Owners rely on managers to find opportunities to ensure the successful operation of their communities. Here, you will find everything for you, on a professional level, we’ll blend educational programs with entertainment and networking forums so that you’ll have all you need…

  • NARPM Annual Convention & Trade Show

    NARPM Annual Convention and Trade Show

    October 18-19, 2017 - Orlando, FL

    NARPM invites you to enjoy an epic adventure in Orlando, Florida at the 29th Annual NARPM Convention and Trade Show, being held at Rosen Shingle Creek. We’re engineering a great convention for your success through education, designation, and networking with the…

  • Rent Manager User Conference

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    October 23-26, 2017 - Tucson, AZ

    This conference is a one-of-a-kind opportunity to connect with property management peers, attend training sessions on Rent Manager and industry trends, and gain inspiration to expand your business. RMUC.17 will take place October 23-26 at the JW Marriott Tucson Starr…

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