MRI Certification Academy - Property Management to AP: Residential - Certified

Welcome to the Client Certification in Property Management to Accounts Payable: Residential. This certification course is designed to equip property management and accounting professionals with a foundational understanding of how transactions within the Residential Management (RM) module integrate directly with Accounts Payable (AP).

Through step-by-step guidance and practical examples, you will explore how the system processes rent refunds, security deposit refunds, and management fee calculations, and how these actions generate invoices automatically in Accounts Payable.

By the end of this session, you will understand not only how to process these transactions, but also why each setup step is critical to ensuring accurate accounting and reporting across modules. 

At the end of this session, you should be able to:

• Complete accurate setup for Refunds and Management Fees to prevent accounting discrepancies.
• Understand how the setup in Residential Management impacts the invoices created in Accounts Payable.
• Trace and interpret accounting outcomes resulting from transactions processed in Residential Management through to Accounts Payable.

This course is part of the MRI Certification Academy that aims to equip you with the necessary skills to execute your role effectively and efficiently with the end goal of delivering expert-level support.