Doing bank reconciliations manually can take hours each month. AppFolio makes this chore easy by allowing you to sync your bank accounts in AppFolio with your actual bank statements and quickly reconcile each month, without having to review every single transaction. You can do this by importing an OFX or QIF file from your bank into AppFolio or by using Sync Transactions.
Sync Transactions allows you to authorize AppFolio to automatically download your bank statement and import the information into AppFolio. The system then compares information on your bank statement with what recorded in AppFolio, automatically clears all matching transactions, and flags any transactions that don’t match, saving you the hassle of manually reviewing every line item.
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