Use the rent opening balance when a tenancy has an ongoing rent agreement that started before you began tracking payments in Re-Leased. Setting an opening balance creates a clear starting point, and the system will generate invoices forward from that date.
Setting the Opening Balance
Navigate to the tenancy and select Rent & Outgoings.
Click Set Opening Balance.
Entering the Opening Balance Details
In the Rent paid to date field, enter the date up to which the tenant has paid rent. Available dates depend on the rent template's start date — if the dates shown are incorrect, update the rent template first.
Enter the Payment date — the date the tenant last made a payment.
If the tenant has made partial payments for the period after the last paid date, enter those here. They will appear as credits on the opening balance invoice for the earliest relevant period.
Once saved, Re-Leased generates invoices from the day after the Rent paid to date through to the current rent period, giving you an accurate and complete record of the tenancy's rent history.
In North America, "Tenancies" are referred to as "Leases". Client/Trust Accounting does not apply to North American customers. For more information, see our Glossary of Regional Terminology.