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

  • 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…

  • AvidXchange User Conference: Revolution

    avidXchange Revolution Conference

    May 9-11, 2017 - Charlotte, NC

    This year, we're hosting our annual users' conference in the city where AvidXchange began. REVOLUTION 2017 is our homecoming, and we're excited to show you what our company, and our city, have to offer. This is our chance to connect with…

  • Illinois Manufactured Housing Association Annual Conference

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    May 17, 2017 - Chicago, IL

    IMHA serves as the voice of the manufactured housing industry in Illinois. For more than 65 years, IMHA has represented the industry before the Illinois General Assembly, county zoning boards, communities, and governing officials at the city, county, state and federal level. IMHA…

  • Manufactured Housing Communities of Arizona Annual Conference

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    June 21-23, 2017 - Chandler, AZ

    Manufactured Housing Communities of Arizona (MHCA) is a non-profit organization created in 1947 to protect and promote the interests of manufactured housing community owners. MHCA does this in many different ways, including tackling legislative and legal issues, educating community owners…

  • National Apartment Association Education Conference & Expo

    National Apartment Association Education Conference & Expo

    June 21-24, 2017 - Atlanta, GA

    It's time to Apartmentalize, which means taking your career, your company and the experience your residents receive to the next level. Achieve greater success in all three areas by joining us in Atlanta to attend the apartment industry's premiere event…

Recent Blog Posts

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    London Computer Systems (LCS), developer of Rent Manager® property management software and other business-critical technologies, is kicking off a series of Road Show lunch-and-learn events for property management professionals this week. The Rent Manager Road Show tour gets underway at the newly opened LCS headquarters in…

  • Exploring Plant-Life Possibilities Spruce Up Your Available Units

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    As the temps rise and the days lengthen, everyone is thinking about spending more time outside. Maximize your community’s outdoor spaces - even if it’s just a fire escape or a window box - by introducing some plant life in and around your available units.…

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    No yard? No Problem! Introduce plant-life to any available space with a container garden! 1. Assess your space. Look at all of your available areas, both inside and out. Where does the sun shine/not shine and for how long? Plants are finicky little things and…

  • Rent Manager a Leader on FrontRunners Property Management Quadrant

    FrontRunners Leader for 2017

    Cincinnati, Ohio (March 29, 2017)—London Computer Systems (LCS), developer of Rent Manager® property management software and other business-critical technologies, is pleased to announce that Rent Manager has been named as a leader on the 2017 FrontRunners quadrant for property management software, powered by Gartner Methodology.…

  • Five Ways to Improve Your Real Estate or Property Management Company

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    It is believed that the ancient Babylonians originated the idea of New Year’s resolutions. At the start of each year, they made promises to their gods that they would pay their debts and return borrowed objects. In the modern world, we make New Year’s resolutions…