How to simplify accounting processes and management fees for property managers
Ask any property manager what keeps them up at night, and accounting is almost always on the list. Management fees and accounting tasks all stack up f...
Trust Accounting
True trust accounting with best-in-class systems.
Trust accounting for property managers.
Rentvine does all the groundwork.
true double-entry GAAP accounting, a built-in manager's ledger, and 3-way reconciliation.
Efficient data management. Track all charges, payments and bills - no more guessing.
Powerful manager’s ledger. Instantly separate company money from client money.
Streamlined processes. Automated late fees, detailed audit trail & bulk bill payments.
You’ll wonder how you ever lived without it.
Introducing the Manager’s Ledger.
Seems obvious that a property management software would have a manager’s ledger doesn’t it? Well most of them don’t, and if they don’t, you’re going to need a lot of work-arounds. The manager’s ledger instantly and automatically separates manager money from client money.
- Automatically separate company money from client money.
- Instantly track company revenue in every category.
- Automatically allocate management fees, late fees, and any other company funds.
- Easy reversals – automatically reverse all transactions and ledgers if a payment is reversed.
- Pay management fees in seconds.
With Rentvine’s manager’s ledger, all company money immediately moves to the manager’s ledger the second it is earned. This allows for easy reporting and tracking of all company funds.
Since all company money is automatically moved to the manager’s ledger the second it is earned, you won't have to do so when you do your monthly close-out. Simply hit submit, and your money is on the way to your business account.
Need to add a management fee to every portfolio or property or unit instantly? Use our bulk management fees system to do so in seconds. No more creating individual fees manually for hours.
Accountant-Level Precision Made Simple.
True double entry GAAP accounting.
We employ true double entry, GAAP (Generally Accepted Accounting Principles) accounting with a full audit trail on every single transaction. Look like an accountant to all of your customers even if you aren’t one.
Real estate auditors want to see what you did on every single transaction. Once they see your double entry ledgers, they’ll know you know your stuff. Audits are a piece of cake.
Once your ending balance, adjusted cash balance, and your reconciled balance match up, you’re done. Transactions appear in Rentvine’s reconciliation exactly as they do on your bank statement. Reconcile in just a few minutes. Auditor’s can easily do what they need in seconds.
Rentvine is always looking for common mistakes, and our diagnostic center keeps a running tally of any items that might not be right. Escrow mismatch? No problem. Negative portfolios? We’ll let you know. Reserves not met? We got that too. These are the items auditors look for and we’ll find them before they do. Rentvine’s diagnostic function allows you to stay triple-tied in-between reconciliations.
Close Faster. Pay Smarter. Manage Effortlessly.
Fast, accurate, and easy monthly closeouts.
Pay management fees, outstanding bills, and your owners in less than a minute. Send funds via multiple methods with one easy and smart process.
Pay management fees in seconds thanks to the manager’s ledger. Bulk-pay all bills with one step. Easy flow to multiple payment methods. Pay ACH vendors with the click of a button and if they still need a check, no problem. Rentvine will take you straight to that page. Even create a perfectly formatted NACHA file to save money on ACH fees.
Bulk pay all of your owners, with their preferred method, in seconds. Send ACH payments in seconds, even print checks for your stubborn owners. Want to save on ACH fees and use a NACHA file? We got you covered. Download a perfectly formatted NACHA file, send it to your bank, and your owners will have their funds the next day with no ACH fees. Now that’s service.
Find any transaction in Rentvine quickly and easily. Complete audit logs show every transaction made, the person who made or altered the transaction, and full ledger entries for both cash accrual based accounts.
Electronic payments.
Receive online rent payments through our secure Resident portal via ACH, eCheck & more!
Inbound: Echeck, ACH, Credit and Debit Card
Outbound: Echeck, ACH, and NACHA
We make it easy to pay rents and other fees, owner contributions, and more in real time, right from the portal. No fee ACH for tenants or property managers on incoming ACH payments. Charge a convenience fee if you want to, and it’s yours to keep. Tenants can pay for free with ACH, or with a credit card. They pay any transaction fees.
When a tenant pays their rent early it can create some clunky accounting for other softwares, but not for Rentvine. Prepayments don’t hit the owner ledger until the payment is due. Stop answering questions from owners wondering why they haven’t been paid on prepaid rents. That’s a waste of your time. With our rock solid accounting system, pre payments are easy.
Tired of conducting forensic accounting every time a tenant payment gets reversed? This process can take hours with other softwares, but with Rentvine, it’s automatic. That’s right, every ledger is reversed, charges removed, and late fees reinstated… Automatically.
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