What is rent tracking software?

Rent tracking software is a digital tool that monitors incoming rent payments, matches them to the correct tenancy, flags arrears when payments are late, and keeps a complete payment history. For UK landlords, it replaces the bank statement checks, spreadsheets, and manual reconciliation that most self-managing landlords do by hand. August does this automatically via a secure, read-only Open Banking connection to your bank, every payment matched to the right tenancy, with no manual input needed.