The REI Hub system allows you to enter transactions in two primary ways. You can add transactions manually, as is covered in this article, or you can book imported transactions if you have linked a bank account or uploaded a bank export.
You may enter manual transactions if you don't choose to link a bank account or when you need to account for something that is not in your import feed. For example, you will use a manual transaction to enter opening balances, book your annual expenses from escrow, and for various other reasons.
To Add a Manual Transaction To Your Books
1) Click 'Add Transaction' at the top of the left menu
2) Select the appropriate transaction type
3) Fill out the transaction details
Enter the transaction details — date, amount — and select the property to which the transaction should be applied.
If it is a multi-unit property, a Unit selector will appear. If the expense applies only to the entire property but not a specific unit, leave the unit field blank.
If it is a portfolio-level transaction (such as an overhead expense), update the Portfolio Scope field. All transactions not booked to a specific property can be seen on the Net Income by Property report.
Select the appropriate accounts (depending on the transaction type, e.g. for an Expense transaction, pick the appropriate expense account). Additional accounts can be created from the Chart of Accounts page.
4) Optionally attach a receipt and save the transaction
Linking a receipt to your transaction is a great way to simplify record-keeping and organization. We'll maintain an electronic copy for you.
You can upload an existing file or image from local storage or import it via web address if it is being hosted online elsewhere.
You can also take a picture of your receipt directly through REI Hub — either with your phone or your computer webcam! Your browser may ask for permission to access the camera.
5) Find your transaction on the Revenues, Expenses, or Booked Transactions page
Booked transactions can be edited or deleted by clicking the pencil icon next to the description. You can filter transactions by their status, the account, and date.
Still have questions? Reach out to our Support Team via email at [email protected] or call us at (888)939-6865.