Simple enough for all staff members to use but powerful enough for all your client accounting needs, financial transactions are recorded using double-entry accounting processes. Identify rent arrears and credit balances at a glance, search transaction histories, and produce fully branded statements over any time period.
Elevate uses a full chart of nominal codes to accurately manage rent, charges, and all money due to and from tenants, landlords and suppliers. A set of debtor, creditor, sales and control accounts provide your staff and accountant with absolute accuracy and complete visibility of all financial activity.
To accurately stay on top of your client accounts you will need to be reconciling your bank account transactions regularly. With a complete and comprehensive history of all financial transactions throughout the system, you can quickly and easily tick these off to ensure everything balances as expected and prevent any anomalies.
Hand-in-hand with bank reconciliation is the ability to be able to identify who all funds in the client bank accounts belong to on any given date. The breakdown report clearly shows an itemised list of income awaiting payout, overpayments on account, revenue awaiting transfer, deposits held and any other source of funds.
Ultimately you are in business to make money, so it's crucial to keep track of sales revenue generated by your letting agency. The revenue reports include invoices issued, supplier discounts earned, payments received, and revenue awaiting transfer to the office bank account.
No more need to spend hours each month producing account statements to your landlords, tenants and suppliers. Produce multiple formats of statements and reports, fully branded with your agency letterhead, and automatically send these by email for further time savings. Go further and prompt late payers via SMS.
If moving over from another system, simply set your opening account balances, rent arrears, and client account funds breakdown.
Overpayments are stored on the relevant account as credit balances, for later allocation to charge payments or refunds.
Save time recording the same receipts each month. Simply check them off this report as they arrive in your bank.