Unlocking Efficiency: A Demo of Rentancy and Xero Integration

Rentancy revolutionizes property management with seamless integration and expert utilization of Xero, a leading cloud-based accounting software. By harnessing the power of Xero, we streamline financial processes for property companies and landlords, offering real-time insights into financial data, expenses, and cash flows. With this innovative tool, we provide a comprehensive view of your property portfolio’s financial health, aiding in informed decision-making and efficient financial management.

Rentancy offers a cloud-based system, creating a dedicated and secure workspace for letting businesses to streamline their property management. Xero, likewise, is a cloud-based accounting software platform, which enhances financial task management for businesses. By integrating with Xero, Rentancy provides users with an efficient solution to manage their letting accounts. Read on to discover the shared features of integrating Xero and Rentancy, and learn how to seamlessly integrate Xero into your Rentancy account.

Common Features between Rentancy and Xero

Cloud-Based Accessibility

Xero and Rentancy are both entirely cloud-based, which means users can access them from any device with an internet connection. This makes it highly flexible and eliminates the need for on-premises software installations to operate.

User-Friendly Interface

Xero features an intuitive and user-friendly interface that makes it accessible to individuals with varying levels of accounting expertise. It’s designed to be easy to navigate, even for those without a strong financial background. Rentancy was purposefully designed for user-friendly navigation, featuring an intuitive panel that grants easy access to various software sections.

Accounting Tools

Xero provides a comprehensive suite of accounting tools to manage most financial tasks. Most of these tools work in tandem with Rentancy to efficiently manage letting accounts.

These tools include:

Bank Reconciliation:  Xero automatically imports bank and credit card transactions, making it easy to reconcile your accounts. Users can quickly match transactions from their bank statements with corresponding entries in Xero, ensuring that their records are up-to-date and accurate. Any discrepancies or missing transactions can be easily identified and resolved, making it easier to maintain a clear financial picture.

Invoicing and Billing:  Users can create and send professional invoices to customers, track payments, and set up automated reminders for overdue invoices. This feature is perfectly synced with Rentancy as all invoices and bills generated within Xero can be viewed win Rentancy and vice versa as you can raise bills and invoices in Rentancy that pull through to Xero given they’re are correctly referenced.

Expense Tracking:  You can track and categorize expenses, making it easier to manage your finances and prepare for tax time. Both Xero and Rentancy have the ability to generate various statements that track the position of the business which helps in tracking where the money is going and maintaining proper records.

Financial Reporting

Xero and Rentancy both offer a range of customizable financial reports, such as profit and loss statements, balance sheets, and cash flow reports. These reports can be customized to suit the specific needs of a business and are essential for decision-making and financial planning.

Integration

Xero not only integrates with Rentancy but with a wide range of third-party apps and services, including payment processors, point-of-sale systems, and e-commerce platforms. This allows businesses to streamline their operations and connect their financial data with other business processes. Rentancy also integrates with various third party apps and services that will help clients operate more effectively. These include WhatsApp, Rightmove, Microsoft Outlook and others currently in the pipeline.

Multi-User Collaboration

Both Xero and Rentancy support multiple user accounts, enabling collaboration among team members, accountants, and advisors. Users can set different levels of access and permissions to ensure data security.

Updates and Support

Xero and Rentancy regularly update its software to add new features and improve existing ones. Rentancy also provides customer support and resources to help users navigate the platform effectively.

Rentancy works in collaboration with Xero to simplify accounting and financial management tasks for landlords and letting agents of all sizes making it a great choice for those businesses, and accountants seeking a modern and user-friendly accounting solution.

Integrating Xero and Rentancy

As shown in the next few images, integrating Xero and Rentancy is effortless and straightforward.

To begin the process of integration:

• Go to settings on the left hand panel and select Integrations.
• Next click the connect button.

• This will then ask you for a date to start the synchronisation of data.
• Once you have entered your desired date, click OK.

• You will be redirected to the Xero Login Page.
• Enter your Xero Login details.

• Once entered correctly, a screen will appear prompting you to permit Rentancy to integrate with your Xero account.

• Lastly, once access is granted, a connection will be established and Rentancy and Xero can begin to work in unison.

Import Data

To import your data into Rentancy, go to the settings > import/export tab. You must next download the templates for each import – Properties, Contracts, and Contacts – by selecting ‘template’ next to each heading. This will then download a template folder to Excel. You must fill out each field.

After you have finished each field, choose the file and click ‘import’. This will then import your data into Rentancy.

Export Data

Click the ‘export’ button next to each choice to save your data as a CSV file. After that, your data will be downloaded on to your device.

How can Rentancy help?