Help Centre

How do I set up accounting for the first time?

ForLandlordsProperty managers

Who can do this

Landlord; Organization admin (or a user with Configure Accounting Settings).

Where to find it

Onboarding setup hub → accounting tile (chapter 01), or Settings → Accounting.

Steps

  1. New accounts can answer the guided Set up accounting questions from the onboarding setup hub (GST/HST, statement look, auto-send, default management fee, trust safeguards, bank accounts). Chapter 01 covers that flow.
  2. Otherwise, open Settings → Accounting and add your bank accounts (see "How do I add a bank account manually?" or "How do I connect my bank with Plaid?").
  3. Organizations: set Registered for GST/HST, the trust options, statement branding and the bill approval threshold (see "Accounting settings" below).
  4. Organizations: check the chart of accounts (Settings → Accounting → Chart of Accounts → View), and click Set Up Default PM Chart if it's empty.
  5. Start recording with Add transaction, the bank feed or a CSV import.

What happens next

The Overview's "Books that keep themselves" empty state disappears once there is any accounting activity: a ledger entry, a bank transaction, a bill or an invoice.

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