2
min read

How to automate your rental property accounting through an integration with Quickbooks

Rental property accounting should be easy. Rentroom's direct integration with Quickbooks Online makes it a reality.

Accounting for your rentals can be a difficult process, even if you’re recording your transactions through Quickbooks when collecting rent through cash apps like Venmo or Paypal, credit or debit card, direct ACH, traditional means like cash or check, or most property management software.

This is because most workflows with Quickbooks still require manual entry of transactions. While some workflows may enable near-automation of rent collection, few automatically close corresponding invoices, and other charge types prove difficult to sync, such as security deposits, late fees, and other customizable charges. The lack of these workflows can be cumbersome and defeat the purpose of using a comprehensive system like Quickbooks Online, especially for rental portfolios with multiple properties, LLCs, and bank accounts that correspond to separate classes within Quickbooks.

With Rentroom’s direct integration with Quickbooks Online, all of these problems go away. By enabling class tracking and custom settings and charge types, Rentroom’s integration provides landlords with:

  • One way sync of transactions and new customer creation when adding residents
  • Workflows that automatically close invoices in QBO
  • Flat pricing for unlimited bank accounts that sync to Quickbooks Online with class-tracking enabled
  • Customizable charge types
  • Auto-pay enablement
  • Automatic late fee enforcement
  • Mobile app and online portal for tenants to pay

Interested in using this integration for your business or seeing it at work? Sign up, or book a demo with an account executive.

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