Financial Reports

Rentec Direct property management software includes all necessary reports for property, renter, and owner management, including Assets, Liabilities, and Equity Accounting, for Full Accounting Options .

This article reviews:

How to access Financial Reports
Financial Reports Overview
- Types of Financial Reports
- Customization options
Review of most commonly used Financial Reports
Online Payment Reports
Tax Reports

Click on the blue links throughout the article for more details of the benefits and how to utilize the report.

Accessing Financial Reports in Rentec Direct

There is one quick step to access the complete list of report options.

In your Rentec Direct account:

Click on Reports

Tip: While viewing the list of reports, hover over any report to see more details.

System Note: Report options in accounts created before July 26, 2024, will automatically be updated to the New Report options on June 1, 2025. If you haven't already updated your settings to begin using New Reports and Reporting Features, click on Upgrade Now.

Financial Reports Overview

Rentec Direct property management software provides the reports needed to help Pro and PM clients keep their property and renter management finances current, accurate, and balanced.

Financial Reports are organized into three topics:

Accounting
Online Payments
Tax Reports

You can easily customize each report by using:

Dropdown Filters for
- Report Period or Date Range
- Account
- Property
- Owner (for PM clients)
Clickable headers to change the sort order
Clickable fields, such as a category, dollar amount, or address, allow you to access a transaction, ledger, or profile to make necessary changes and then return to your report using the page back function.

Pro Tip: Add a professional touch by Adding Your Logo to reports

Accounting Reports Most Commonly Used

With over 20 Accounting reports available, Rentec Direct property management software provides all of the necessary reports to support the software's Full Accounting capabilities.

Account Balances

Displays point-in-time account, owner, and property balances and target reserves as of the ending date specified

Account Ledger A & B (B is more advanced with more content)

Displays a report with the line-by-line contents of the ledger for the selected property or account in landscape form.

Balance Sheet

Provides a financial balance sheet of your account, which includes all of your assets, liabilities, and equity as of the specified date.

Balance Discrepancies Report

This report identifies transactions without an account indicated that are causing the Balance Sheet to be inaccurate.

Income/Expense Statement

Reports on both income and expenses for the selected period (sometimes referred to as a Profit/Loss Statement)

Operating Statement A & B (B is a more advanced version including beginning and ending balances)

It displays monthly columns of income and expenses associated with the properties and date range selected, including beginning and ending balances and other categories.

Product Billing Summary (Charges to tenants)

A 12-month financial summary ordered by product for a given date range

Trial Balance A & B (B is a more advanced version that includes the Security Deposit balances)

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).

Vendor Ledger

Displays all transactions in a ledger format that matches a specified vendor.

Note: In addition to the above, you'll find these additional reports: Check Register, CAM Receipts, Category Ledger, Category Summary, Expense Statement, Income Statement, Multi-Tenant Ledger, Receipts Register, Summary by Account, and Summary by Property.

Online Payment Reports

Online Payment Reports provide the status of payments made electronically through your merchant account with csgForte and Cash Payments made through PayNearMe. These reports help to track scheduled payments, payments sent out, and payments received with estimated deposit dates.

ACH Settlement - Displays ACH payments received for the date range selected with an estimated deposit date
Cash Settlement - Displays cash payments received via the cash payment network for the date range selected
CC Settlement - Displays credit/debit card payments received from tenants and co-tenants and their estimated deposit dates for the date range selected
Completed Online Payments - Displays completed ACH and CC/Debit Card (online Payments) for the date range selected.
Outgoing ACH - Displays completed outbound ach payments to Owners, Vendors, and Property Managers, who are set up as Payees, for the date range selected.
Owner Payment Wizard - Shows all the payments to property Owners made using the Owner Payment Wizard.
Upcoming Payments - Shows all upcoming and planned ACH transactions/scheduled tenant payments.
Tip: By default, you will receive email notifications of upcoming scheduled payments delivered to your inbox. If you prefer not to receive notifications, the setting can be changed in Payment Processing Settings

Tax Reports

Tax Reports provide the tools to ensure that your account is tax-ready, whether you file electronically through Rentec Direct software or need to provide reports to your accountant.

Pro Tip: Reconciling your accounts in Rentec Direct monthly will make your tax filing and end-of-year accounting much quicker and more accurate.

1099 Tax Assistant
- Provides a list of all vendors paid during the timeframe, with the option to limit it to those paid more than $600 annually.
Depreciation Schedule
- Shows all depreciable improvements for the year indicated in the beginning date range.
Schedule-E Assistant
- Provides an income/expense statement based on items that populate to your federal schedule-e