Updating the Chart of Accounts

Updating the Chart of Accounts

REI Hub allows you to add additional accounts and sub-accounts to your Chart of Accounts.  Some important things to know:
  1. To ensure the Schedule E report works correctly, create new Revenue and Expense Accounts as sub-accounts beneath the existing default accounts. 
    1. New Expense or Revenue Accounts (and therefore transactions booked to them) that are not created under the default accounts will not appear on the Schedule E report. 
    2. They WILL appear on all of the Net Income reports.
  2. Adding a mortgage account automatically adds an escrow account as an asset account in addition to the main mortgage liability account. 
  3. The existing default accounts cannot be renamed or deleted.

To update the Chart of Accounts:

1) Navigate to the Chart of Accounts page. Click the profile icon in the upper right to reveal the menu, and select Chart of Accounts.


2) Click Add Account.



3) Give your new account a name, and select an account type.


  1. Most often, you will be adding an Expense or Revenue Account so that you can track your funds in more detail.  
  2. If you want to add a bank account or a credit card account, we suggest you do so through the Banking page.  
  3. If you want to add a mortgage or loan account, we suggest you do so through the Loans page. 

4) If you want your new account to be a sub-account, select a Parent Account to nest it under


  1. Sub-accounts will display differently on the Net Income and Schedule E reports.  The Net Income reports show the lowest account a transaction is booked to, while the Schedule E only displays the totals in each top level account.  
  2. As noted above: If you want your Schedule E report to work correctly, create new Revenue and Expense Accounts as sub-accounts beneath existing system defaults.  New Expense or Revenue Accounts (and therefore transactions booked to them) that are NOT created under the default accounts will not appear on the Schedule E report.  They WILL appear on any of the Net Income reports.
  3. If you do not want to create a sub-account, leave the Parent Account field blank.

5) Click Save Account, and view it on the Chart of Accounts page


  1. Click the edit pencil to change your new account's name, or click the red trash can to delete it. 

6) Reach out to us with any questions! 


    • Related Articles

    • Booking an imported transaction

      After you have linked a bank account to REI Hub, or uploaded transactions from Excel, you are able to view a feed of your imported transactions.  The act of 'booking' a transaction means that you are categorizing and adding that transaction to your ...
    • Getting started with REI Hub

      If you've recently begun using REI Hub to manage your rental property or real estate investments, you're in the right spot! Here, we've brought together support articles for our core functionality, helping you get up and running faster. Getting ...
    • The Schedule E Report

      REI Hub offers several reports to help you summarize your numbers, assess your profitability, and prepare for taxes.  The Schedule E export will show your revenues and expenses in the same format as the IRS form, as well as help you include mileage ...
    • Adding a Manual Account

      A Manual Account is simply a bank, loan, or credit card account in REI Hub that is not electronically linked to the financial institution for transaction import.  To set up an account that IS linked for transaction import- click here. Adding banking, ...
    • Add New Portfolios

      REI Hub makes it easy for you to add additional Portfolios to your account. Each portfolio is accessed and managed separately; they do not share data. Additional Portfolios should be used when separate bookkeeping is desired or when there is ...