Straight-Lining in Property Management

Prerequisites:

In order to access the property group lease settings, contact your client admin for the necessary permissions to edit PM settings.

Enabling Straight-Line Reporting

1. Go to the lease settings within the property group settings.
2. Under General PM Settings, locate the option to Enable Straight-Line Reporting.
3. Check the box to enable it and click Save.

Creating and Posting a Lease

Once straight-lining is enabled, you can create a lease. For instructions on creating a lease, please refer to the relevant article How To Create a New Lease?

After you’ve signed and posted the lease, navigate to the General Ledger New view in the accounting section

Checking Rent Revenue from SL Adjustment

Additionally, you can review the Rent Revenue from SL Adjustment account under your revenue section to monitor the impact of the straight-line adjustments on your revenue.

Tips & Tricks

• Enabling straight-lining will not affect any leases that have already been posted.
  

• To check the straight-lining activation and average rent for reference in the calculation of straight-line adjustments, navigate to the Lease Details tab under Financial Details.
  

• You can adjust SL entries in bulk by clicking on Adjust SL Entries in the PM unit list.