Update: July, 2017
QuickBooks now includes QuickBooks Online which many businesses are transitioning to. In order to be equally compatible with both old QuickBooks desktop and the new QuickBooks online, we’ve updated our export tools to make every ledger and every report compatible with every version of QuickBooks. In order to transfer your data to QuickBooks, instead of using the sync utility, simply export your ledgers and/or any reports to CSV format, and import into QuickBooks.
More information is available on our knowledgebase here: https://support.rentecdirect.com/knowledgebase/articles/1181785-download-data-from-rentec-then-import-into-quickbo
We’re pleased to announce the availability of the new QuickBooks® Sync Utility for Rentec Direct. Now, with just a single click you can:
- Copy all financial transactions from Rentec Direct into QuickBooks®.
- Provide your accountant with a commonly recognizable formatted document to prepare your taxes or send 1099s.
- Copy all rental income and any other tenant payments into QuickBooks®.
- Copy all property income and expenses into QuickBooks®.
- Copy over all owner disbursements into QuickBooks®.
- Copy over all property management payments (when you pay yourself) into QuickBooks®.
- Access all financial based reports in QuickBooks® based upon your data within Rentec Direct.
- Optionally customize reports in QuickBooks® to display the data retrieved from Rentec in all possible reports formats.
This utility is going to be a premium add-on feature in the future; however, right now until the end of July we’re including it free for anyone with a Rentec Pro or PM subscription plan. After which the QuickBooks® Sync will be priced at a flat rate of $50/mo.
QuickBooks is a registered trademarks of Intuit Inc.
Do I have to have a separate QuickBooks subscription?
Hi Jermaine, you do not need a QB subscription; however, you do need to have a copy of Quickbooks desktop edition installed. The sync utility has been tested to work with Pro, Premier, and Enterprise versions.
Is this still included with Pro at no extra cost?
Hi Phillip, we did release the QB Sync tool out of beta last July and it’s working well. The cost is $50. For larger PMs this can save 10+ hours per week of data entry. For smaller PMs and landlords we often recommend exporting ledger data to excel and then importing that into QB which is included free with all Pro/PM subscriptions. With Rentec Pro and PM we provide free US-based technical support to help you step-by-step with either of these methods too, so whichever way you go, you are covered by our support to make sure it’s working for you.
We have the Pro version and have tried to use this utility and it says we do not have the correct subscription to use the utility, how can we fix this
Hi Gary, we would be happy to help. Someone from the Rentec Direct Success Team will be in touch with you soon.
We are looking at purchasing a property management software and was wondering if you can track mileage with Rentec Direct?
Rentec Direct is in the process of evaluating mileage tracking programs that we plan to integrate with in the future. In the interim, we do have some solutions and tools for tracking any notes and history they need tracking per property or bank account and those notes will have a date/time stamp if they need to reference come tax-time. They can also create a unique expense category if they wish to track the expense related to mileage per property and then utilize the category ledger report come year end to provide a tally.
We would love to touch base with you on the phone or via email to answer any additional questions and explore how the software can meet your needs. Give us a call at (800) 881-5139 or send a message to Janell at email@example.com.
I cannot find the Quickbooks Sync option under Settings>Utilities, please advise
You can find information for how to download your Rentec Direct data to seamlessly integrate with your QuickBooks account here. http://support.rentecdirect.com/knowledgebase/articles/1181785-download-data-from-rentec-then-import-into-quickbo
If you have anymore questions, your Rentec Direct Success Team is happy to help. Give us a call at 800-881-5139 or send us a message to firstname.lastname@example.org.
Is the sync option no longer available?
QuickBooks stopped supporting third-party sync options, however, we have created a solution to help all of our clients easily use their Rentec Direct data with QuickBooks. This support article explains the best way to integrate your Rentec Direct data with QuickBooks http://support.rentecdirect.com/knowledgebase/articles/1181785-download-data-from-rentec-then-import-into-quickbo