Property managers can confidently use Rentec Direct’s management software to comply with strict trust accounting guidelines and requirements.
Grants Pass, OR (PRWEB) December 16, 2015
Rentec Direct’s property management software was recently evaluated by the North Carolina Real Estate Commission and found to comply with the provisions of the Commission's Rules and Trust Account Guidelines.
Property managers can confidently use Rentec Direct’s management software to comply with strict trust accounting guidelines and requirements. The popular cloud-based program from Rentec Direct, allows property managers to accurately and securely track income and expenses for all accounts, clients and properties online.
Property managers regularly receive cash, checks or other payments on behalf of others in the course of business. Those funds are received “in trust” and create a fiduciary responsibility to the funds’ owners and must be handled in accordance with trust accounting guidelines. State and local laws dictate how property managers must handle and control trust funds.
When a property manager is presented with an audit by a real estate commission, reports are used to prove accurate trust fund accounting. Compliant software will generate accounting reports easily for auditing and reporting purposes.
“We are extremely proud to have our software evaluated and receive this 3rd party certification in Trust Accounting Compliance,” explains Nathan Miller, President at Rentec Direct. “Accurate accounting is crucial for property management and the software one uses should make managing owner funds easier. Our clients can now confidently face an audit knowing they will have no issue with trust account compliance.”
Rentec Direct’s trust account certification comes with additional software updates, designed to make the accounting features more robust and versatile. These updates make it easier to comply with trust accounting laws by providing three-way-reconciliation between trial balance reports, bank reconciliation reports, and general ledger reports.
To find out more about how Rentec Direct’s property management software can improve a property manager’s workflow and streamline business processes today, visit https://www.rentecdirect.com/.
About Rentec Direct
Rentec Direct provides affordable property management software solutions to property managers and landlords. Other popular solutions offered by Rentec Direct include tenant ACH payment processing, tenant credit check services, and online syndication of vacancies to more than 20 popular websites.