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WaterfallIQ includes 52 default GL accounts organized by property type. Accounts are grouped into income and expense categories that map directly to the operating grid.

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Default accounts

Accounts are pre-loaded when you create a property. You can add, rename, or deactivate accounts at any time from the Chart of Accounts tab.

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GL codes

Each account has a GL code used for matching when importing data from Excel or CSV. Common codes:
CodeAccount
4000Gross potential rent
4100Loss to lease
4200Vacancy
5000Repairs and maintenance
5100Utilities
5200Property management fee
5300Insurance
5400Real estate taxes

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Property type templates

When adding a property, WaterfallIQ loads a default account template based on property type. Student housing and multifamily templates differ in income line items and expense categories.