Accounting Features

Rental property accounting with Rentec Direct

gives you transparency into your financial records and automation for tedious reporting tasks.

What Accounting Features Does Rentec Direct Include?

Quick Answer: Rentec Direct's accounting is trust-account-certified and built specifically for property managers and landlords — included with all plans starting at $45/month. It automatically posts a single rent payment across your tenant, property, owner, and bank account ledgers simultaneously, eliminating duplicate entry. The reporting suite covers Rent Roll, Balance Sheet, Operating Statement, Owner Statement, Profit/Loss, and more — all exportable to PDF, Excel, or QuickBooks. Online rent collection via ACH (free), credit card, and electronic cash is included at no additional cost, with payments recorded automatically.

What Accounting Features Do Modern Property Managers Need?

Accurate property management accounting is fundamental to your business’s success. Rentec Direct’s software is built around accounting features at its core to help you maintain control of your finances. In fact, that’s why Rentec was created in the first place. Rentec Direct’s founder needed a solution that made rental property accounting tasks easier.

The right property management software offers accounting features to automate tasks, produce reports, track your expenses, and manage your income, with tools designed specifically for property managers and landlords. These are all features Rentec Direct prioritizes for you.

Rentec Direct provides you with a streamlined accounting system that can transform property management accounting into a manageable framework that supports business growth and profitability. With Rentec Direct, you’ll find trust-account-compliant software that will help maintain your records and provide accurate reports for potential real estate audits.

How Does Ledger Accounting Work in Rentec Direct?

Full general ledger accounting for properties, tenants, and owners.

Traditional accounting systems are not designed for property management and often require double or even triple entry of transactions to maintain accurate and auditable records. With Rentec Direct, your ledger entries can be automated to populate multiple ledgers for your business, properties, and owners. This saves you time and reduces errors.

You have the power to review, edit, and print ledgers for every property, tenant, owner, and bank account used to manage your portfolio.

Is Rentec Direct Trust Account Certified?

Trust-account-compliant software that meets your state’s real estate board requirements.

Accurate trust accounting is a property management requirement, enforced by your state’s real estate board. Rentec Direct’s software is designed to meet even the strictest trust accounting standards. This ensures you remain compliant and can provide the necessary reports in the event of an audit.

You can confidently face an audit knowing you will have no issues with trust account compliance when using Rentec Direct’s accounting features to manage your portfolio. This includes three-way reconciliation between trial balance reports, bank reconciliation reports, and general ledger reports.

Learn more about trust accounting and how Rentec Direct can help you stay compliant with your state’s real estate board.

What Financial Reports Does Rentec Direct Include?

An extremely robust reporting system to track and manage your portfolio performance.

You have access to one of the most robust reporting systems in the industry, with a comprehensive set of financial and property reports to help analyze your operations.

Specialized reports for property portfolios and owners provide the most relevant data quickly and easily. All reports can be emailed, printed, or exported to PDF or Excel. Your data can also be downloaded and imported into QuickBooks to provide a familiar format for CPAs and bookkeepers when needed.

Rentec Direct offers more than five relevant reports related to accounting, online payments, taxes, tenants, owners, and properties. These include: Rent Roll, Balance Sheet, Operating Statement, Category Ledger, Trial Balance, Available Rentals, Owner Statement, Account Ledger, Profit/Loss Statement, and more.

Rentec Direct also provides the most reliable tenant screening reports, including Full Credit Report, Criminal Background Report, Eviction History Report, and more.

How Does Rentec Direct Handle Online Rental Payments?

Collect rent online via ACH, credit card, or electronic cash payments, which are automatically tracked and recorded in your software.

Give your tenants convenient ways to pay rent each month through online rent payments from Rentec Direct. Tenants can set up one-time or recurring payments via eCheck (ACH), credit card, or debit card. Online payments are automatically recorded in your software’s accounting tools, eliminating the need for manual entry.

Online rent payments take the hassle out of collecting rent and depositing checks. This modern collection method is preferred by landlords, property managers, and tenants alike. Want even more good news? Rentec Direct includes this feature at no additional cost to you.

Learn more about online rent payments