Identifying your management type in Arthur is a fundamental step to ensure that your set up reflects your business. This is particularly important if you intend to integrate with cloud accounting software later on.
Is Direct Rent or Rent Charge the appropriate rent collection type for your business?
Q: Whats the difference?
A: Direct rent is used by those that self manage i.e collecting the rent for themselves (also guaranteed rent businesses). Rent charge is used by those who manage on behalf of 3rd parties e.g letting agents or management companies.
Some Arthur clients are a mixture of both so we suggest setting your default position to the most common management type. To see how you would set your default position, click here.
When adding a property in Arthur, you are creating the asset which contains your rented unit(s).
You will either be adding a:
To understand how click here
If your unsure what Arthur means by a unit click here
Once the property and unit(s) has been added, you are ready to add the tenancy
Now you have carried out the first basic steps, we recommend you schedule a shared screen tutorial with a member of our team. Before doing this it is worth considering below’s suggested “things to think about”
We recommend you think about the following questions before your tutorial.
Our support staff are ready to help with any technical issues.
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