An accounting ledger is a book or digital record containing incoming and outgoing entries.

In SWORP, we have 3 types of Ledgers:

Tenant Ledger:

Records all transactions and payments between a tenant and a landlord. Payments in the tenant ledger act fluid as default.

Examples of transactions that will go into the tenant ledger:

– Tenant related Income (Money in)

• Rent
• Late fees
• Pet fees
• Damage charges
• etc.

– Tenant related Expenses (Money out)

• Return of utilities deposit overpayment
• Rent discounts
• Refunds on agreed purchases
• etc.

‍Property Ledger:

Records all transactions and payments related to a property (Building or Unit). Since the payments related to a property can be of a very varied nature, all payments in the property ledger will act static.

Examples of transactions that will go into the property ledger:

– Building related Income (Money in)

• Billboard rental
• Coin laundry
• Common area rentals
• etc.

– Building related Expenses (Money out)

• Building repairs
• Building cleaning fees
• Building gardening fees
• Pest control
• Property tax
• Travel expenses
• Insurance
• etc.

Property Subledger

Property subledgers record recurrent expenses associated with a property, such as utility payments or regular services agreements. Payments within a subledger act fluidly, as these transactions involve the same payer-receiver.

Examples of transactions that will go into the property subledger:

• Electricity monthly deposit
• Water monthly deposit
• Repair fund
• Cleaning fees
• Gardening fees
• etc.