Automated Bank Statement Reconciliation

Landlords and Property Managers

This workflow is designed for landlords and property managers who need to efficiently manage tenant payments and reconcile them with bank statements. It is particularly useful for those handling multiple properties and tenants, as it automates the process of identifying issues related to rental payments, thus saving significant administrative time.

Efficient Reconciliation of Rental Payments

The workflow addresses the common challenge of reconciling rental payments against bank statements. It identifies discrepancies such as missed payments, incorrect amounts, and upcoming lease expirations, allowing landlords to take timely action. This minimizes financial losses and enhances tenant management.

Workflow Process Overview

1. Monitor Incoming Bank Statements: The workflow starts by watching a specified folder for new CSV files containing bank statements.
2. Extract Data: Once a new bank statement is detected, it reads and extracts the relevant data from the CSV file.
3. Set Up Variables: The path to the Excel file containing tenant and property details is set up for later use.
4. AI Analysis: An AI agent analyzes the bank statement against tenant payment records, flagging any discrepancies, such as:
   • Missing payments
   • Incorrect payment amounts
   • Lease expirations
5. Generate Alerts: The AI generates a structured report in JSON format detailing the issues identified.
6. Append to Excel Spreadsheet: Finally, the workflow appends the alerts to a specified Excel sheet, ensuring that all discrepancies are documented for further action.