How do owner ledgers work in Street

Street makes it easy to track and manage your landlord's accounting. Each owner / landlord will have a unique owner ledger for each property they own. This enables you to keep an accurate record of incoming and outgoing money for the owner relating to a specific property.

The easiest way to access an owner ledger is to head to the property page and click 'accounting' (at the top right) > 'owner ledger'.

Alternatively from the tenancy ledger you can click 'view' > 'owner ledger'.

The Ownership page is broken down into two tabs, Accounting and Statements.

The Accounting tab gives a breakdown of the balance on the ledger, next rent due date, rent amount, management fee and float amount.

Below this is where the Owner Ledger details are stored. Here you can see a list of entries that are relevant to the owner, such as rent payments (incoming from the tenant), management fees (outgoing to the agency) and maintenance jobs (outgoing to the contractor).

You can filter entries by a date range, void entries that have not yet been allocated and toggle to show voided entries.

Clicking 'view' on an owner ledger lets you view any recurring charges or open the linked tenancy ledger.

You can also click 'add' which gives you options to manually receipt money in, add a one off charge, add a recurring charge, add a credit note and export the ledger to CSV.

The Statements tab on the owner ledger shows a list of statements that have been generated and sent to that owner, for that property. Statements are generated when a payment file is created and will be automatically emailed to all owners on that property. This ensures your landlords will still receive a statement breaking down how their money has been distributed.

You can click the three dots on the right hand side of a statement which allows you to resend the statement to the landlord or download the statement as a PDF.

You can also click the Generate Owner Income Report button on this page which will create a Landlord Income Report PDF that can be shared with the owner to show them a tax breakdown of income and expenditure in a set timeframe. This can be used to manually generate a landlord monthly statement.

If you're looking for help on the various other ledgers, please see the following help articles for Application, Tenancy, Agency and Contractor ledgers.