{"id":13161,"date":"2020-05-05T13:14:25","date_gmt":"2020-05-05T20:14:25","guid":{"rendered":"https:\/\/www.rentecdirect.com\/blog\/?p=13161"},"modified":"2020-05-06T13:39:28","modified_gmt":"2020-05-06T20:39:28","slug":"batch-income-and-expenses","status":"publish","type":"post","link":"https:\/\/www.rentecdirect.com\/blog\/batch-income-and-expenses\/","title":{"rendered":"New Batch Income and Expense Transaction Tool"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-13180\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/Batch-Income-Expense-.png\" alt=\"batch input tool\" width=\"950\" height=\"558\" srcset=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/Batch-Income-Expense-.png 950w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/Batch-Income-Expense--300x176.png 300w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/Batch-Income-Expense--600x352.png 600w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/Batch-Income-Expense--768x451.png 768w\" sizes=\"(max-width: 950px) 100vw, 950px\" \/><\/p>\n<p>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.<\/p>\n<p>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 &amp; Expense Transaction Tool is now available to you.<\/p>\n<h2>New Features for Batch Input<\/h2>\n<p>This new release introduces some great time-saving features like:<\/p>\n<ul>\n<li>Enter multiple transactions at once (instead of one at a time).<\/li>\n<li>Post income directly to your bank account from the Accounts tab.<\/li>\n<li>New autosave feature.<\/li>\n<li>Split income into different categories and add an attachment (like a copy of a check).<\/li>\n<li>Split expenses across different properties and add an attachment (like an invoice or receipt).<\/li>\n<li>Post income directly to an undeposited funds ledger so users can create deposit slips and mirror the deposits they create in real life.<\/li>\n<\/ul>\n<div id=\"attachment_13163\" style=\"width: 689px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-13163\" class=\"wp-image-13163 size-full\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/right-click-select-post-income-or-expense.gif\" alt=\"right click batch input\" width=\"679\" height=\"273\" \/><p id=\"caption-attachment-13163\" class=\"wp-caption-text\">Simply right-click on a bank account from your Accounts tab to post income or expenses with the Batch Input Tool.<\/p><\/div>\n<h2>Types of Transactions<\/h2>\n<p>The Batch Input Tool assists you with posting the following type of income or expenses to your accounts.<\/p>\n<p style=\"text-align: center;\">\n<table id=\"tablepress-6\" class=\"tablepress tablepress-id-6\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Income<\/th><th class=\"column-2\">Expenses<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">-Tenant rent payments<br \/>\n-Tenant fees<br \/>\n-Tenant deposits<br \/>\n<\/td><td class=\"column-2\">-Owner disbursements<br \/>\n-Maintenance or vendor expenses<br \/>\n-Utilities<br \/>\n-Other bills or property expenses<br \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<tfoot>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n<!-- #tablepress-6 from cache --><\/p>\n<h2>How to Use the Batch Input Tool<\/h2>\n<p>In your Rentec Direct account:<\/p>\n<ol>\n<li>Click on the <strong>Accounts<\/strong> tab.<\/li>\n<li>Right-click on a <strong>bank account<\/strong>.<\/li>\n<li>Click on <strong>Post Income<\/strong> or <strong>Post Expense<\/strong>.<\/li>\n<li>Enter transaction information and click <strong>+New Transaction<\/strong> button to add another transaction.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13165 size-full\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/Add-New-Transaction.gif\" alt=\"add new transaction to bank account\" width=\"512\" height=\"158\" \/><\/li>\n<li>As you add new transactions, you can view transaction details in the <em><strong>Draft Income Ledger<\/strong><\/em> below.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13167 size-full\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/new-transaction-ledger-view.gif\" alt=\"draft ledger\" width=\"885\" height=\"273\" \/><\/li>\n<li>When you&#8217;ve added your new transactions, click on the <strong>Post Income<\/strong> button. (Or the <strong>Post Expense<\/strong> button, if you are posting an expense).<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13168 size-full\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/finish.gif\" alt=\"post income\" width=\"885\" height=\"273\" \/><\/li>\n<\/ol>\n<hr \/>\n<h2>Batch Income Tool Video<\/h2>\n<p>Join Janell and developer Travis in an educational webinar about the <a href=\"https:\/\/www.youtube.com\/watch?v=5cYy-hFXWyU&amp;t=817s\">Batch Income and Expense Transaction Tool<\/a>.<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/5cYy-hFXWyU?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;start=817&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<hr \/>\n<h2>Revert to the Old Income and Expense Transaction Tool<\/h2>\n<p>You have the option to revert your software back to the old expense transaction tool, if you prefer.<\/p>\n<p>In your Rentec Direct account:<\/p>\n<ol>\n<li>Click on the <strong>Settings<\/strong> tab.<\/li>\n<li>Clicking on the<strong> Accounting Defaults<\/strong> section.<\/li>\n<li>Set your preference to &#8220;<em><strong>Use the new expense form? With batch entry and autosave<\/strong><\/em>&#8221; to <strong>Yes<\/strong> of <strong>No<\/strong>.<\/li>\n<\/ol>\n<hr \/>\n<h2>Related Reading For You:<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.rentecdirect.com\/blog\/blue-moon-integration\/\">Blue Moon Forms and Leases Now Integrated with Rentec Direct<\/a><\/li>\n<li><a href=\"https:\/\/www.rentecdirect.com\/blog\/online-rental-applications\/\">The Power of Online Rental Applications to Fill Vacancies Fast<\/a><\/li>\n<li><a href=\"https:\/\/www.rentecdirect.com\/blog\/accepting-cash-payments\/\">Accepting Cash Payments Made Easy | Bonus Tenant Handouts<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":13180,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"iawp_total_views":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[102,742,364,14856],"class_list":["post-13161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-update","tag-accounting","tag-expenses","tag-income","tag-transactions","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - 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Besides working, Travis also immensely enjoys quality hard science fiction like Ringworld and The Expanse.","sameAs":["https:\/\/www.rentecdirect.com\/"],"url":"https:\/\/www.rentecdirect.com\/blog\/author\/tvanc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2020\/05\/Batch-Income-Expense-.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5jt1p-3qh","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/posts\/13161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/comments?post=13161"}],"version-history":[{"count":13,"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/posts\/13161\/revisions"}],"predecessor-version":[{"id":13209,"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/posts\/13161\/revisions\/13209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/media\/13180"}],"wp:attachment":[{"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/media?parent=13161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/categories?post=13161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rentecdirect.com\/blog\/wp-json\/wp\/v2\/tags?post=13161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}