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Posting Tenant Rent Via Deposit

Thoughtful provides property managers with a comprehensive solution for automating the management of posting rent income to the tenant and unit ledger as a bank deposit in the property management system. Rental income is automatically assigned to the appropriate register, reducing the risk of errors and manual data entry. This saves property managers valuable time and effort, allowing them to focus on more critical tasks. The platform also provides real-time tracking and reporting capabilities, so property managers can see the status of each rent deposit and follow up as needed. This helps to ensure that rent income is accurately posted and all tenant and unit ledgers are up-to-date. In addition, Thoughtful secure platform provides that sensitive information is protected and accessible only to authorized personnel. Overall, using Thoughtful to automate the management of posting rent income is an innovative solution that saves time, reduces risk, and improves the accuracy of the rent deposit process for property managers.

Function:

Property Management

Steps

  1. Get Rent Check data from the predefined source.
  2. Navigate to Property Management Software and Deposit Module.
  3. Add Deposit Number, Date and Remarks.
  4. Go row by row and add Account, Transaction Remarks, Description, Check Number, and Amount.
  5. Make sure the total deposit matches total on source.
  6. Click on Post to Ledger.

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