My Rental Spot today brought professional-grade accounting to every portfolio with a true double-entry general ledger. Every transaction — rent, fees, deposits, vendor bills, owner draws — posts to the books automatically, producing a real trial balance, income statement, and balance sheet without a spreadsheet in sight.
| Account | Debit | Credit |
|---|---|---|
| 1000 · Cash — Operating | $42,318.90 | |
| 1200 · Security Deposits Held | $14,900.00 | |
| 4000 · Rental Income | $51,400.00 | |
| 5000 · Repairs & Maintenance | $3,281.10 | |
| 2100 · Deposit Liability | $14,900.00 | |
| Total | $60,500.00 | $66,300.00 |
Managers who already use QuickBooks can export their ledger with a single click, and a new AI Books Assistant helps with the monthly close — suggesting categories, flagging anomalies, and generating a plain-English profit-and-loss recap.
The result is books that stand up to an accountant’s scrutiny, built right into the platform managers already use to collect rent and manage properties — at no extra cost.
About My Rental Spot. My Rental Spot is a free, all-in-one property management platform for landlords, property managers, renters, HOAs, and facility operators — listings, screening, rent collection, accounting, maintenance, and more, without the per-unit fees of legacy software. Get started free at myrentalspot.com.