What is rent accounting software?
Rent accounting software is a digital solution that helps housing providers manage rent calculations, payment processing and arrears tracking. It centralises financial data and automates workflows, ensuring accuracy, compliance and efficiency in managing tenant accounts.
Benefits of rent accounting software
- Accuracy: Reduces errors in rent calculations and payment allocations.
- Efficiency: Automates repetitive tasks, saving time for finance teams.
- Compliance: Ensures adherence to housing regulations and financial standards.
Use cases
- Rent calculation: Managing complex rent structures and service charges.
- Payment processing: Recording and reconciling tenant payments automatically.
- Arrears management: Tracking overdue payments and triggering escalation workflows.
Key components
- Centralised financial data: Stores all rent and payment information in one system.
- Automated workflows: Handles billing, arrears alerts and payment reconciliation.
- Reporting dashboards: Provides real-time insights into rent performance and arrears trends.
- Integration capabilities: Connects with housing management systems and finance platforms.
The BRIK Housing Rent Accounting Module is built on Microsoft Dynamics 365 and the Power Platform, offering housing providers a robust solution for managing rent and arrears. With automation, real-time reporting, and seamless integration with other BRIK modules, it helps organisations maintain financial accuracy, improve efficiency, and deliver a better experience for tenants.
