In my last guide, I shared tips on how real estate agent and property manager can choose the right accounting solution for their business.
Recommended Guide: Real Estate Management Business & Home Builder & Development
In addition to that, some property managers asked if I could also share detailed tips on how accounting software can work for property or estate rental business.
Request For Our Accounting Software ServiceFor over 5 years, we have implemented QuickBooks and Sage 50 for several companies under Retail, Manufacturing, Oil & Gas, Real Estate & Construction, Travels, Hospitality,Legal, Co-operatives, NGOs, Financial & Service Sectors.
- Mbaire Services Nigeria Ltd(Construction)
- Chisco Transport Limited(Transport)
- Lounge38(Hotel and Bars)
- CTRL System Technologies Limited(Procurements)
- Aristokrat 360 Limited(Creative & Media Agency)
- Alpha Pharmacy (Health Care & Supermarket)
- Ericsson Nigeria Multipurpose Co-operative Society (Co-operatives)
- Fastanet Limited (ICT and Security)
- Britanic Maritime (Maritime Service)
- CEO Business Limited (Salary Advance, Credit Finance and Loan)
- OneHealth Pharmacy (Health Care)
- Widdi Pharmacy (Health Care)
- Olpharm Pharmacy (Health Care & Distributor)
- Hawkes Legal(Legal)
- Kantessa Limited(Fashion Store)
- OPI Nigeria International Limited (Oil & Gas Servicing)
- Zenilum Company Limited (Oil & Gas Servicing)
- Extol Security Services Limited (Security and Guard Services)
- Lilygate Hotel(Hospitality)
- Benstel Nigeria Limited(Bottle Water Production & Distribution)
- Paraclete Nigeria Limited (Bottle Water Production & Distribution)
- Lakia Construction Limited (Real Estate Development)
- Josien Holdings Limited(Distribution)
- Aisha Buhari Foundation (Futured Assured)(NGO)
- Doheney HR Services(HR)
- Insights Limited(Health Consultant)
- Biddel Oil & Gas Limited (Oil & Gas)
- System Intelligenz Limited(Contractor)
- MagTech Information Security (IT)
- Infusion Cakes Nigeria (Bakery)
- SCERA Nigeria (NGO)
- M.D School (Private School)
- Travel Options (Travels)
- Logos Travel Support & Solutions Ltd (Travels)
- Melcurt Nigeria Limited (Oil and Gas Engineering and Pipeline Construction)
- Starlight Nigeria (Retail)
- Temple Private School (Education)
- Value Mart Supermarket (Retail)
- Transweb Bureau De Change (Financial Service)
- Vektro Food Limited (Manufacturing & Retails)
- Orient Petroleum PLC (Oil & Gas)
- Plus More
The roundup presents some of the features of a well-customized solution for rental properties:
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- The software tracks all properties owned and cost of acquisition or construction which normally is classified as a non-current asset in your financial report.
- The software manages tenant’s details, the amount owed, payment received for a specified period and generate a statement of account.
- The software tracks all maintenance expenses incurred on a particular property.
- All service charge income received as also accounted for as well as a historical summary of transactions for each tenant.
- The software generates financial reports that are specific to a property like income and expenses on a property for a specified period.
- It also generates reports that specify amount paid to the landlord from rental income if you manage the property on behalf of the landlord.
- The system generates property report based on location for easy comparison.
See – How I Implemented QuickBooks For A Popular Property Manager In Lagos
While these are some of the key deliverables of accounting software customized for your property management business, you can connect with our support centre for more inquiries and implementation service.
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