The None Assigned column appears in REI Hub's "By Sub-Portfolio," "By Property," and "By Unit" reports. It shows any booked transaction that was not applied to one specific unit, property, or sub-portfolio (depending on the report you are viewing). The None Assigned column is most relevant for overhead transactions that help you run your whole business. Transactions appear under the "None Assigned" column when they are not booked to a specific property, even if they are assigned at the portfolio or sub-portfolio level. As a result, they cannot be allocated to a particular property for reporting purposes. Additionally, transactions may show as "None Assigned" even when assigned to a property if that property is incorrectly placed within a sub-portfolio. Report grouping issues can result in misallocated expenses in cases like this.
By default, REI Hub's reporting is structured on a tiered basis, going down from Portfolio > Sub-Portfolio (if enabled) > Property > Unit.
Portfolio-level transactions are best suited for transactions that apply to all of your properties shown in the portfolio. This is common for overhead transactions, like software subscriptions or CPA fees. The transaction is held at the portfolio level of your account but can be prorated down to the individual property at tax time.
The sub-portfolio scope makes it easy and convenient to pull reports based on groups of properties. After sub-portfolios have been enabled and created, you can also book expense transactions directly to the sub-portfolio. This is appropriate when expenses apply to the entire sub-portfolio in aggregate but not to an individual property (such as LLC fees).
When looking at the "By Unit" reports, the None Assigned column refers to the transactions that weren't applied to one unit specifically, but rather included all units for the total property.
How Can I Remove Expenses from 'None Assigned'?
To remove transactions from the "None Assigned" category and assign them correctly for reporting purposes, follow these steps:
Assign Transactions to Specific Properties:
Edit each transaction that appears under "None Assigned" and assign it to a property within REI Hub. Ensure that the property exists and is selected accurately.
Verify Sub-Portfolio Assignments:
For transactions already assigned to a property, check whether the property is placed in the correct sub-portfolio. Grouping mismatches could be causing the transaction to show under "None Assigned."
Correct the property's placement within its intended sub-portfolio and refresh the report. Once corrected, the transactions will shift out of "None Assigned" and appear under the assigned property. Additionally, all transactions, including those in "None Assigned," are included in Net Income reports. These transactions are grouped under the "None Assigned" category for the respective portfolio or sub-portfolio, ensuring no expenses are excluded from overall financial reporting.
Still have questions? Reach out to our Support Team via email at support@reihub.net or call us at (888)939-6865.