How does rent tracking work in August?

August connects to your bank account via Open Banking, regulated by the FCA through Plaid Financial Ltd. Once connected, it reads incoming transactions and uses smart transaction matching to assign each payment to the correct tenancy and rent period. It handles weekly, fortnightly, and monthly schedules, calculates pro-rata for mid-month move-ins, and flags late or partial payments automatically. Confidence scores show how certain each match is, and you can override any match with one tap.