Accounting
Accounting Overview
RentAxis includes a full double-entry accounting module so your property income and expenses, deposits and assets are all in one place — and stay consistent with QuickBooks if you use it.
The pieces
| Area | What it's for |
|---|---|
| Chart of Accounts | The list of accounts (assets, liabilities, income, expenses) that everything posts to. |
| Rules | Bank rules that pre-fill a category on incoming bank transactions. |
| Bank Transactions | The bank feed you match, categorize and reconcile against your records. |
| Reconcile | Tie a bank account out to a statement balance. |
| Journal Entries | Manual, balanced adjustments to the ledger. |
| Recurring | Entries that repeat on a schedule. |
| Fixed Assets | Track assets and their depreciation. |
Where your general ledger comes from
Your GL is built from your entity activity — invoices, payments and expenses — each of which posts balanced journal entries automatically. You can also post entries directly with journal entries, recurring transactions and fixed-asset depreciation.
Important
Importing the bank feed never posts anything on its own. Each line waits in a For review queue. You then match it to a record you already have — a link only, so nothing is double-counted — or categorize it, which posts a balanced journal entry for a transaction that wasn't in your books yet. See Bank Transactions.
Reports built on accounting
The accounting data drives your financial statements — Income Statement, Balance Sheet, Trial Balance, General Ledger and more. See Reporting.
Note
Financial statements include deactivated accounts that still have activity, so historical reports stay complete even after you retire an account.