How does rent tracking work in August?

August connects to your bank account via Open Banking (Plaid, FCA-regulated) and automatically matches incoming payments to the correct tenancy. It supports weekly, fortnightly, four-weekly and monthly schedules, handles pro-rata calculations for mid-month starts, and tracks partial payments, advance rent and management fee deductions. AI-powered matching learns each tenant's payment patterns and improves over time, showing confidence scores so you can see how certain each match is.