How can I apply a credit against one month’s rental payment?

Question

I have a new tenant that moved in at mid-month. Move-in costs always include a full month’s rent. I typically prorate the second month’s rent to match the portion of month one that the tenant actually used.  I do not know how to enter this prorated amount in the month two slot in such a way as to match the rental profile’s expectation for a full monthly rent amount. I think a credit of some sort is in order here, but haven’t had any success discovering how to accomplish this task with rent. Can anyone help me work this out?

Jason C3 · Accepted Answer

I do not believe you can enter a rent credit via Quicken's Rental section. Perhaps under Add>Enter Other Income; Select the Tenant and the amount. I know if they pay more in a month it shows up on the column/area.

One trick is to use a "dummy" Rent Checks to Deposit Cash Account to act as an input for all rent deposits. Quicken Rental Manager would identify this as when you receive/Amount of rent you received. Then you transfer the amount to whatever real checking account you utilize.