Reconciling your bank account is a crucial proactive step to reduce errors, safeguard against fraud, and keep your financial health on track. Catching and addressing errors early can help ensure your records are accurate, compliant, and audit-ready. These new updates to Rentec Direct’s property management software make bank reconciliation easier and more seamless than ever before.
Reconciling is crucial to ensure your accounts’ accuracy and is recommended at least once a month. New enhancements to reconciling in Rentec Direct make reconciliation easier than ever.
Your Rentec Direct Development Team has overhauled the Bank Reconciliation pages with powerful improvements that not only simplify the process but also save you valuable time and make your Rentec Direct experience even more efficient. With a new layout that looks fantastic and works seamlessly on any screen size, these improvements simplify the process and save you valuable time.
What You Can Expect With the New Enhancements
The Bank Reconcile page has several new tools to help simplify and expedite your reconciliation experience, including a quick link for Help to the Knowledgebase.
Starting at the top of the page, here’s what you can expect:
– Maximize Ledgers: With a click of a button, you can now expand the reconciliation ledgers to view more transactions at once.
– Easy to Read Status: Your reconciliation summary has been moved to the top of the screen, with a larger font, to be easier to see.
– Independent Ledger Scrolling: Easily navigate through debits/withdrawals and credits/deposits with independent scrolling for each ledger.
– Streamlined Footer: More space at the bottom of the page for viewing ledgers
– Quickly Identify Cleared and Uncleared Transactions: Instantly see which transactions are cleared or uncleared, and toggle the view with a single click.
– Enhanced Visual Cues: Distinct colors have been added to transactions being hovered over and that have been checked for better clarity
– Date Selector: A bit ago, we also added a new date selector, which lets you select a date range to display for reconciliation and limit the number of transactions in view. Typically, you’ll leave this as “Statement End Date” to match your statement dates; however, if needed, you can customize the dates to any range.
The new enhancements to Bank Reconciliation provide intuitive tools to help make it easier for you to maintain financial oversight, enjoy a more organized approach to managing your finances, and ensure your accounts are balanced.
Suggest a Feature
Our goal is always to make your tasks as a landlord or property manager simpler, quicker, and more efficient. One of the ways we accomplish this is by reviewing valuable feedback and input from our awesome clients. If there is anything you would like to see added to enhance your Rentec Direct experience, please send your ideas and suggestions to success@rentecdirect.com and help us shape the future of Rentec Direct.
About Rentec Direct
Rentec Direct provides industry-leading property management software and tenant screening solutions for real estate professionals. Key features include online rent payments, a mobile app and tenant portal, vacancy listing syndication, and accounting tools. Founded in 2007, Rentec Direct is the third-largest software in its sector and is consistently the highest-rated by investors, landlords, and property managers. Recognized on the Inc. 5000 list of fastest-growing private companies for eight consecutive years, Rentec Direct was also named Real Estate Company of the Year in the 2024 American Business Awards, Most Customer Friendly Company of the Year in the 2024 Best in Biz Awards and listed among the U.S. Chamber of Commerce’s Top 100 Small Businesses. www.rentecdirect.com
