Posted by Jim Locker (24.209.104.73) on July 07, 2003 at 00:45:10:
In Reply to: Researching Property Management Software posted by Tracy Warner on July 07, 2003 at 00:43:10:
Actually, when I think about this a bit more, it seems to me that our package would do what you want in your choice of several different ways. You could do it in the Standard Edition, without worrying about all the accounting, or you could do it in the Corporate Edition, setting up multiple bank accounts or whatever you wanted.
Basically, the system is oriented around two poles: Units and Tenants. Everything in the system gets linked to each of these poles, as appropriate. Hence, tracking income and expenses is natural and easy just through the definition of units and tenants. Applying it to owners is also natural since an owner owns a building, which is a collection of units.
So if you want to simply track income and expenses, this happens automatically in all versions of the program. If you want more rigorous tracking (double entry bookkeeping and multiple bank accounts) you can do this with the Corporate version.