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Real-Fusion’s Accounting System is one of the strongest features of Total Office Management. The accounting programs connect the office management system to create a very strong complete office package.
The accounting modules include General Ledger, Accounts Payable, Accounts Receivable, Generalized Subsidiary, Fixed Assets, Payroll, and several others. The accounting system as well as TOM are multi company functional. Simply put, the user can keep the books for several companies on the same system.
Because of the uniqueness of the real estate business, there are several situations which the accounting system must be able to handle. May times a transaction will close and two months later, the company is informed of a referral fee which was due. Most systems require journal entries for any of the necessary changes. If several agents were involved, multiple journal entries would have to be made. In TOM, the user can un-post a single transaction. If the current month is not closed, journal entries are made in the current month. If the current month is closed, the journal entries are made in the current month.
Another important feature of the system is an internal posting tracking system. In the event of a power failure or some other type of problem, the system remembers where it left off in the posting and starts up where it left off.
The accounting systems make TOM very powerful. Because some companies already have accounting, the accounting modules are not included in TOM. The modules can be added very easily to the system.
"Real-Fusion Accounting" is part of the Real Estate Software line of products, developed by Property Software International.