Accounting essentials: charge, collect, pay, close
The monthly money cycle in StrivBridge: charge rent, record and chase payments, assess late fees, pay bills with approvals, reconcile the bank and close the month.
Intermediate5 lessons28 minFor Bookkeepers, accountants and property managers who handle money
- 1Charge runs
Post the month's recurring charges, with a preview before anything is permanent.
6 min - 2Payments and deposit slips
Online payments post themselves. Checks and money orders go in receipt batches that match your deposit slip.
5 min - 3Late fees
Assess late fees from each property's rules, and understand why a lease was skipped.
5 min - 4Bills, approvals and check runs
Enter bills, route them for approval, commit them and pay, and bill costs back to residents where the lease allows.
6 min - 5Reconcile and close the month
Tie the bank, explain cutoff differences, and close the period so nothing posts behind it.
6 min