When you add a recurring revenue or expense to a property (such as a mortgage, insurance, or property taxes) or when you set up a lease on a unit Renting Well automatically logs those financial transactions based on the schedule you choose. For example, if you collect rent on the 1st of each month the app will create a new “Rent” transaction at the start of each new month.
However, the app will only log these after you set up the recurring item or the lease. That is, the app will not create transactions in the past so you won’t see those automatic mortgage, rent, and insurance entries right after you set up your properties.
If you have historical items that you want to add you can do that by “backfilling” those transactions manually.