We are a fast-growing property manager based in Lagos with different properties under our care. We have over 30 properties in major locations of Lagos including Ikeja, Lekki, Ikoyi and Yaba. Our biggest accounting challenge is how to integrate all these properties into one platform, manage tenant’s details, rents and services charges.
Another part is how do we track transactions by property? Your detailed response will help us resolve our toughest challenges. Please drop your contact details in case we need to hire you for this job.
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Implementing QuickBooks for property managers isn’t difficult. from our experience, the major work lies on your desk as most of the property managers do not have an effective or accurate record of their tenant’s transactions, not to mention service charges and repair expenses.
QuickBooks functionalities are simple but robust in the sense that, you can customize it to suit any line of business, as long as they earn and spend money. For a property manager, you can explore the clients/customer centres to add your properties in each of the locations and use the job to add tenants occupying them, this will help you monitor the rental payment of each properties using profit or loss by job while tracking the individual balances or outstanding figure of tenants. On expenses too, you can record expenses; repair, maintenance, renovation, etc and map it to a particular property type. doing this will help you generate the financial report of each property for comparison.
If each of these properties are owned by Landlord, you would have to add payable accounts to track the amount due to these landlords from the rents paid the by tenant. This will help you view a report on the transactions between your real estate company and each of the properties owner.
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Recommended QuickBooks Software With Genuine License Details, It's One-Off:
Order Now, Call 08105090001, 08084219399 or mail at info@accountingsoftware.com.ng
-
QuickBooks Premier – 1 User
View Price Offers -
QuickBooks Premier – 3 Users
View Price Offers -
QuickBooks Premier – 4 Users
View Price Offers -
QuickBooks Premier – 5 Users
View Price Offers -
QuickBooks Premier – 2 User
View Price Offers -
QuickBooks Pro – 1 User
View Price Offers -
QuickBooks Pro – 2 Users
View Price Offers -
QuickBooks Pro – 3 Users
View Price Offers