Who needs transaction ledgers?
The transaction ledger is a part of the Brokermint Accounting module. The transaction ledger was specifically designed for real estate brokerages and teams who want to track and manage G/L transactions, like invoices and bills, for real estate transactions easily and efficiently.
What can I do on the transaction ledger page?
You can view a real estate transaction’s activity (a list of G/L transactions, like invoices or bills grouped by a posting). You can also add new G/L transactions, and update or delete existing ones.
The G/L transactions you can add are invoices, bills, payments made, and payments received. You can add them by clicking the Actions button and selecting the corresponding option - watch videos to learn more.
What is a transaction posting to accounting?
There's no need to create all the G/L transactions related to your real estate transaction manually. Simply post them all to accounting with a single posting to accounting.