Real Accounting, Not Simplified Tracking
Full double-entry general ledger with a 26-account chart of accounts. Bank reconciliation. Trust fund compliance for 50 states. Owner statements with AI narratives. Bills and AP with invoice OCR. 9 report types. This is not a spreadsheet with a UI.
Chart of Accounts
Double-Entry GL
26 auto-seeded accounts, 13 journal entry types, manual JE creation, reversals, and trial balance. Cash-basis recognition with proper GL routing.
Bank Reconciliation
Upload bank statements. Auto-matching algorithm handles common entries. Manual override for exceptions. Trial balance stays clean.
Trust Fund Compliance
State-specific rules for 50 states + DC. Commingling detection. Deposit return deadline tracking. Security deposit journal entries with proper trust accounting.
The Financial Lifecycle
From rent payment to owner payout, every dollar is tracked with proper double-entry bookkeeping.
Billing and charge generation
Monthly billing auto-generates charges for rent, recurring fees (pet, parking, utilities). Each charge creates a journal entry: DR Accounts Receivable, CR Revenue (categorized by type).
Payment processing
Tenant payments (Stripe or manual) create journal entries: DR Bank, CR A/R. Overpayments auto-create credits. Payment method saved for future use.
Bills and vendor payments
Vendor invoices uploaded with OCR auto-fill. Bill lifecycle: draft, pending, approved (creates JE), paid. Create bills from maintenance work orders. Recurring bill templates for regular expenses.
Owner statements and disbursements
Monthly: aggregate income, subtract expenses and management fee, calculate net distribution. AI writes a narrative summary. Disbursement via Stripe Connect to owner bank account.
Reconciliation and reporting
Match bank deposits to GL entries. 9 report types: portfolio analytics, financial, maintenance, compliance, deposits, leasing, MIMO, trust, tax. 1099 generation for owners and vendors.
Full Capabilities
Everything included with Accounting.
PM Accounting Done Right
Full GL, not simplified tracking
Many PM platforms offer 'accounting' that's really just income and expense tracking. PaxRent has a real double-entry general ledger with chart of accounts, trial balance, and bank reconciliation. Same foundation used by CPA firms.
Trust fund compliance built in
Security deposit handling is state-regulated. PaxRent enforces state-specific rules for deposit limits, interest requirements, return deadlines, and commingling prevention. Competitors leave compliance to you.
Invoice OCR closes the maintenance-to-finance loop
A maintenance request generates a work order, which creates a vendor invoice (OCR-scanned), which becomes a bill (GL-integrated), which appears on the owner statement. Competitors require manual data entry at each step.
See Accounting in Action
Request early access and explore the full platform with your real data.