Cash Management

Cash Management Features

• Multiple bank accounts.
• Real time bank balance information.
• Funds available reporting for check writing.
• Trust accounting.

General Management Features

• Trust and Operating account reporting (maintains separate tracking of Management Company accounting and Owner Trust accounting).
• Automatic calculation and payment of management fees.
• Bank Reconciliation Process.
• Automatic owner payments based on percentage interest.
• Owner distribution reporting.
• Owner consolidation for financial reporting purposes.
• Owner 1099 reporting.
• Unlimited number of properties, units, tenants (Standard and Professional editions).
• Date sensitive general ledger - allows posting to any period.
• Supports cash and accrual accounting methods.
• Multiple sets of books.
• User definable chart of account structure.
• Separate fiscal years per property.
• Detail or summary general ledger reporting.
• Unlimited line item journal entries.
• Unlimited recurring journal entries.
• Optional back out or delete of journal entries.
• Current period, past period, current YTD and last year YTD, current budget and last year budget comparative financial statements.
• Reporting based on percentage ownership interest.
• Management company accounting.
• Printing of financial statements by Owner or user-defined grouping.
• Current and past period A/P and A/R detail reporting.
• Custom financial statement formats.
• Budgets for multiple years.
• Detailed audit trails.

Accounts Receivable Features

• Lockbox Tenant payment import for bank processing of receipts. (Professional version).
• Single batch or separate user batch payment processing for payment deposit slips.
• Automatic handling of prepayments with over-ride ability.
• NSF checks process with automated NSF check charge, & cash adjustment.
• View tenant ledger history on the fly during payment entry.
• One-time charges can be setup on the fly during payment entry.
• Unlimited recurring charges for rent and other items.
• Autocharge process posts all rent, late fees and recurring charges in single process.
• Easy entry of non-tenant type receivables.
• Unlimited recurring receivables.