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      How do I sync Covercy bank transactions with Rent Manager?

      Automatically Sync Covercy Bank Transactions with Rent Manager for Reconciliation.

      Note: Bank Sync is only available to Rent Manager Plus and Rent Manager Premium users.

      Automatically sync your Covercy bank transactions with Rent Manager to simplify reconciliation and eliminate manual data entry. No more tedious, line-by-line comparisons. By securely connecting your Covercy account via Plaid, your real-world bank transactions will flow directly into Rent Manager. This ensures your financial records stay accurate, up to date, and easy to reconcile.

      Once synced, your Covercy bank transactions will appear in Rent Manager, where you can quickly match them to existing records or create new transactions as needed. With just a few clicks, you'll reduce the risk of discrepancies, improve efficiency, and gain confidence in your financial data.

       

      Follow these steps below to get started:

        1. Log into Rent Manager Express.
        2. Navigate to Menu → Accounting.
        3. Select Bank Sync Setup.
        4. Click + Manage Institution.
        5. A Connect Accounts pop-up will appear.
        6. Agree to Privacy Policy & Continue.
        7. Add a New Institution:
          1. Click Add New to begin the process.
          2. In the Search field, type 'Covercy' and select it from the results.
        8. Authenticate Your Account:
          1. Enter your phone number associated with the account officer/owner.
          2. You will receive a one-time password via SMS.
          3. Complete the authentication process.
        9. Select Accounts & Link to the General Ledger (GL): 
          1. Choose the bank account(s) you want to sync, then click Continue.
          2. In the Description field, enter a unique identifier for the institution (this helps you recognize the login associated with the accounts).
          3. In the Linked GL Account column, select the appropriate GL account for each bank account.
          4. If you do not select a GL account, Rent Manager will ignore the institution account and will not pull transactions, even if it is synced.
          5. Click Save.
        10. Sync Transactions: 
          1. Open the newly connected account.
          2. Click Sync Transactions.

      Done! Your Covercy bank transactions will now appear in Rent Manager for smooth reconciliation.