Rentec Direct Blog

New Batch Income and Expense Transaction Tool

batch input tool

The new Batch Income and Expense Transaction Tool from Rentec Direct (referred to as the Batch Input Tool) allows you to enter all your transactions for a single bank account at once.

The Batch Input Tool streamlines your accounting tasks by eliminating the multi-step process previously used to post income and expense transactions. We are so excited about this great time-saving feature, a beta version of the Batch Income & Expense Transaction Tool is now available to you.

New Features for Batch Input

This new release introduces some great time-saving features like:

Simply right-click on a bank account from your Accounts tab to post income or expenses with the Batch Input Tool.

Types of Transactions

The Batch Input Tool assists you with posting the following type of income or expenses to your accounts.

IncomeExpenses
-Tenant rent payments
-Tenant fees
-Tenant deposits
-Owner disbursements
-Maintenance or vendor expenses
-Utilities
-Other bills or property expenses

How to Use the Batch Input Tool

In your Rentec Direct account:

  1. Click on the Accounts tab.
  2. Right-click on a bank account.
  3. Click on Post Income or Post Expense.
  4. Enter transaction information and click +New Transaction button to add another transaction.
  5. As you add new transactions, you can view transaction details in the Draft Income Ledger below.
  6. When you’ve added your new transactions, click on the Post Income button. (Or the Post Expense button, if you are posting an expense).

Batch Income Tool Video

Join Janell and developer Travis in an educational webinar about the Batch Income and Expense Transaction Tool.


Revert to the Old Income and Expense Transaction Tool

You have the option to revert your software back to the old expense transaction tool, if you prefer.

In your Rentec Direct account:

  1. Click on the Settings tab.
  2. Clicking on the Accounting Defaults section.
  3. Set your preference to “Use the new expense form? With batch entry and autosave” to Yes of No.

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