To add a new company along with its owners, follow these simple steps:
Step 1: Navigate to the Properties Page
From the Properties page, find the Companies section.
Click the three-dot menu (⋮) to the right of "Companies," then select New.
Step 2: Fill Out Company Information
A popup window will appear.
Enter all relevant details for the new company.
Operating Account: Ensure you select the appropriate account from the dropdown menu. If the account you need isn’t listed:
Navigate to Accounting > Accounts.
Click the three-dot menu (⋮) next to Accounts and select New to add an account.
Email Alias: This is a required field. Typically, this can simply be the company’s name with no spaces. The email alias allows emails sent from the system to display the company's name instead of your property management company's name.
Step 3: Add Owners
Scroll down in the same popup window to the Owners section.
Click Add Owner.
You can add multiple owners, but their combined ownership percentages must total exactly 100%.
At least one owner is mandatory.
Step 4: Save Your Company
After entering all necessary information, click Save in the bottom-right corner to create your new company.
Note: Each newly created company will have its own independent set of accounting books, simplifying financial management.