Archive, Reactivate, or Delete a Bank Account

Bank accounts can easily be archived and reactivated in Rentec Direct property management software.

Archiving Bank Accounts

Rentec Direct has built in some safety features to help ensure ledger integrity to the accounts before they can be archived.
Important Note: If the account being archived is linked to a merchant account, you will want to either cancel the merchant account or change the bank the merchant account is linked to. Learn more in the Merchant Account Support Reference Guide | CSG Forte

In your Rentec Direct account: 

1. Click on Banking
2. Right-click on the bank and choose Archive Bank from the drop-down menu
3. You'll be presented with these alerts:
   1. Clarifying that you are about to archive the bank account
   2. An alert if the bank is set up with a merchant account with a link to request the merchant account be closed
   3. Associated transactions
      1. Recurring transactions
      2. Properties that have the bank account indicated
      3. Owners with the bank account indicated as the expense account for disbursements
      4. Use the dropdown to select a New Account to move the associated transactions to
4. Click on Archive Account when all alerts have been addressed

System Notes:

• Transactions from archived bank accounts will still be included on ledgers and reports with the reference (Archived) 
• Transactions posted can be edited and deleted

Re-Activate a Bank Account

Bank Accounts can easily be Re-Activated in Rentec Direct.

When a Bank Account is archived, it's still available in your account with all of the historic transactions. 

In your Rentec Direct account: 

1. Click on Banking
2. Click on Bank Archives
3. Right-click on the archived bank account and click on Re-Activate

Deleting Bank Accounts

To preserve account integrity, bank accounts cannot be deleted. 

If there are transactions posted to a bank account in error, the transactions can be edited to change the bank account the transactions are linked to by following the steps outlined in Edit, Correct, or Delete Transactions