This n8n workflow automates the process of reconciling bank statements with tenant rent payments, streamlining property management tasks. It starts with monitoring a local folder for new bank statement files (CSV format) and retrieves relevant tenant and property details from a local Excel spreadsheet using specialized nodes. The bank statement data is extracted and analyzed by an AI language model, which compares the transactions against expected rent payments and tenant agreements.
The AI agent flags any discrepancies, such as missed or incorrect payments, and potential rental issues, generating a detailed report. This report, along with flagged issues, is then written back to the local Excel spreadsheet, creating a comprehensive record for property managers. Additional notes and alerts are added for further review.
The workflow is designed for privacy and security, operating entirely on the local file system, making it ideal for property managers handling sensitive financial data. It saves time by automating manual reconciliation tasks and ensures accurate, up-to-date records for rental income and tenant status.
Practical scenarios include rental property management, financial reconciliation for landlords, or automated tenant payment tracking within property management firms.
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