Financial Reports (Legacy)
This help article contains instructions for the Legacy Version of Rentec Direct. More information about the latest version of Rentec Direct can be found here: The Remodel | Rentec Direct’s Newest Software Update
Financial reports are vitally important for all involved in property management for compliance, accounting and bookkeeping, and tax purposes.
Financial Reports Overview
To find reports within your Rentec Direct account, simply click the Reports section. You will be directed to the Financial reports section by default. Reports are organized by three types: Property Management Financials, Online Payments, and Tax Reports. In addition to the many varied reports, the software provides the opportunity to customize reports by:
The drop-down allows you to choose All Properties or a single property or unit.
This drop-down allows you to choose any account created in the Accounts section such as a financial ledger (checking, savings, credit card) or owner ledger.
Either enter a specific date range or use the Date Quick Select
Tip: The legend is helpful in deciding which reports are date bound, account bound, both, or static.
System Note: Choose the report criteria before clicking the desired report. The report will be pulled up and displayed. You then have the option to Print, Email, or Save the report as needed.
Property Management Financial Reports
Account Ledger A
Displays a report with the line-by-line contents of the ledger for the selected property or account.
Provides a more advanced version of the account ledger that includes more transaction information in landscape form.
Displays point-in-time account, owner, and property balances and target reserves as of the ending date specified.
Reports on both income and expenses for the selected time period (sometimes referred to as a Profit/Loss Statement)
Displays monthly columns of income and expenses associated with the properties and date-range selected.
Similar to Operating Statement; includes beginning and ending balances and other categories.
Trial balance compares credit and debit items side-by-side within a property, owner or account. (Can be organized by owner to include owner balances and affiliated security deposit balances).
Displays all transactions in a ledger format that matches a specified vendor.
Online Payment Reports
- ACH Settlement
- Cash Payment Settlement
- Credit Card Settlement
Property Management companies will find the outgoing ACH and Owner Payment Wizard reports that track owner disbursements useful.
- 1099 Tax Assistant
- Depreciation Schedule
- Schedule-E Assistant