Balance Sheet Report
Rentec Direct property management software provides full accounting, with a Balance Sheet report, providing the tools for landlords and property managers to make well-informed decisions about investments, growth, and overall financial standing.
Learn more about Assets, Liabilities, and Equity Accounting with Rentec Direct
The Balance Sheet report is a crucial tool for managing property portfolios as it provides assurance that your accounts are in order. It also helps you quickly identify any imbalances as of a specific date.
What does it mean to have a “Balanced Account”? When managing a property portfolio, a balanced account means that the Total Assets = Total Liabilities + Equity
Balance Sheet Report
Quickly see the status of your account portfolio in Rentec Direct on a Balance Sheet report.
Note: Balance Sheet reports include active and archived properties as of a specified date
In your Rentec Direct account:
- Click on Reports
System Note: Newer Rentec Direct accounts include the new remodeled reports. If you have an account with the option, click on the NEW Try our remodeled reports link to view the current report options - Under Accounting, click on Balance Sheet
Tip: If the balance for Total Assets does not match Total Liabilities + Equity, try running the Balance Discrepancies report to quickly identify and update transactions with missing information to bring your account into balance.
Pro Tip: Schedule your Balance Sheet report to be delivered to your email weekly or monthly to make sure your account remains in balance at a glance.
