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
- 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.
