Tag Archives: property accounting

A Simple Rental Property Accounting System for Small Landlords

Wouldn’t it be a lot convenient to have a system that simplifies all your transactions? Imagine a rental property accounting system that helps you keep track of all your transactions all throughout the financial year. The system we will consider here works wonders for small landlords. It will allow you to scale your business without […]

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Learn all About Rental Property Accounting

We understand that a real estate investor is burdened with loads of work which includes managing one or more properties, their maintenance, finding reliable tenants, and ensuring the overall profitability of the business. With all these responsibilities real estate accounting or bookkeeping tends to take a back seat. However, accounting for all the financial transactions […]

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Monthly Property Management Reports?

What is Property Management? Management in any business is the process of monitoring, accounting and supervising a certain aspect of that business. Property management is no different. It is the sum total of all the processes, systems, manpower and infrastructure that is required to maintain a property throughout its lifecycle. These activities may involve managing […]

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AppFolio Property Management Software Review

There are a number of property accounting software available in the market each with their own merits and demerits. Among all, we found that AppFolio Property Manager definitely has an edge when it comes to the following: – Functionality The AppFolio Property Manager is mobile friendly and enables to function freely on work orders and […]

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Integrating Multifamily Accounting to Cope with the Projected Growth

In recent years, multiple apartments have been built, holding millions of residents. As a result, there has been a marked escalation in the growth of units. The current growth of portfolios are already impacting the accounting systems, and the future will certainly have an even greater effect. By 2030, the demand for residential apartments could exceed […]

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Yardi Systems – An Overview

Yardi Systems is a leading provider of high-performance software solutions for real estate sector essentially in real estate accounting and property management accounting/property accounting. Yardi Products – Types Yardi’s Systems Inc has grown as a Multinational Corporation in the field of property management accounting software services with its flagship products that include – Voyager Genesis […]

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A Deep Dive into Outsourced Real Estate Accounting – Accounts Payable Process Snapshot

Client Type Multi-family Residential Accounting Software Yardi Voyager Accounting System AP is being performed in Yardi PAYscan environment with pre-set work-f-lows governing the movement of invoices across operations and accounting. The invoices are scanned into PAYscan manager by Yardi. Purchase orders are also created in Voyager by the site managers. Weekly Check-runs are being run […]

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A Deep Dive into Outsourced Real Estate Accounting – Accounts Receivable Process Snapshot

Client Type Multi-family Residential with Section 8 Rent Tenants Accounting Software Yardi (Genesis) Accounting System Leases maintained in Yardi, Move-Ins and Move-Outs happen through the month and Yardi CheckScan used for receiving tenant payments. Key Activities Done Move-Ins (Set-up of leases), Move-outs, Security Deposit Refunds, Monthly Rent Run, Late Fees, Rent Receipting across different payment […]

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Job Duties and Educational Requirements of a Property Accountant

People find accounting to be a really stressful job. Guess what? It really is! Accounting has to be done carefully – be it property accounting or accounting for a business firm, even if it seems like a mundane task. A person well-versed in accounting is well-off in handling this job. A Property Accountant is a […]

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Job Duties of an Assistant Controller in a Real Estate Firm

The main responsibility of an assistant controller appointed in the finance department of a real estate firm is helping the controller with various accounting tasks. They work under the supervision of a financial controller and should possess a set of strong analytical, technology, communication, and organizational skills. A relevant accounting or finance educational background is […]

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