This tutorial describes how to set up a pro rated first rental payment.
You can set up a Tenant so that their first rent payment is pro rated. Pro rating a rent payment means that the Tenant only pays for part of a rent period. This can be done as a promotion, or to reflect the amount of time a Tenant is in tenancy for that first rent period.
In this example, a rent period is two weeks, but the tenant has moved in on a Wednesday. As a result, they are in residence for ten days of a two week rent period, and the rent needs to be prorated.
Go to the Tenants screen.
Click on the Add
Tenant 
button.
The Tenant Details screen displays.
Enter the Tenant Data by typing or selecting the information into each field. If a data field is yellow, that data is required for the tenant record. If a data field is white, that data is optional.
To set up a pro rated rent period for a tenant, edit the Property values for the Tenant Details. You must enter all of the following values, selected in the sample screen below:
Rent Period - Amount of time for which the tenant pays rent; weekly, biweekly, or monthly.
Rent - Rent amount.
Rent Start Date - Date when the tenant's first rent payment was due.
First full rent period - The date when the first full rent period for the tenant begins.
Pro rate initial rent - Check this box to pro rate the first rent amount due.
When all the data is entered, click OK.
The Tenant data is saved. The Tenant's first rental payment due is pro rated. It is calculated based on the rent start date, compared to the first full rent period. This displays automatically, in an Income Details screen:
You can use this screen to generate an invoice for this first rental payment. To do this, click Invoice.
Once you have created and saved the invoice, click OK.
The tenant details display in the main screen. Note that the values for the rent due and the standard rent are different.
