A Ledger That Builds Itself as Your Business Runs
Every money-moving event elsewhere in the platform posts directly into a single double-entry ledger the moment it happens.
For most rental businesses, “closing the books” at month-end means someone sitting down with invoices, receipts, vendor bills, and expense slips, trying to reconstruct what actually happened over the past four weeks. Rental Wizard’s Finance module removes that reconstruction entirely.
What’s included
- Full chart of accounts and automatic journal posting behind every financial event
- Customer invoicing (AR) generated directly from signed contracts and completed jobs
- Customer receipts and payment tracking against invoices
- Vendor bills and payments (AP), generated automatically from procurement goods receipts
- Taxation handling for inbound and outbound tax lines, supporting multiple tax types and rates per country
- Payables and receivables aging views
- Cash accounts and bank account tracking
- Account mappings for consistent posting logic
- Cash memo (petty cash) tracking
- Expense register with expense heads and subheads, approval workflow, and receipt attachments
- Automatic posting from payroll, mileage claims, GRNs, and parts consumption
This is where the value of everything else being connected actually shows up in the numbers. Because every financial event originates from the actual operational action that caused it — a signed contract, a completed job, an approved payroll run — rather than a bookkeeper’s separate re-entry, the books stay accurate continuously, not just at month-end close.
Common questions
Does Rental Wizard replace my accountant?
No — it removes the manual data entry and reconciliation work, but the underlying accounting judgment still benefits from a qualified accountant, especially across multiple tax jurisdictions.
Can it handle multiple currencies or tax jurisdictions?
The finance layer supports multiple tax types and rates configured per country, which matters for rental businesses operating across borders.
How current is my financial picture?
As current as your operations — postings happen automatically at the moment of the underlying event, with no batch delay.
See Finance in action
Book a walkthrough configured around your own fleet and workflow.