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Real Estate Management System is designed for Companies having medium to large-size Real estate such as Apartments, Villas, Shopping Complexes, etc. The system allows the management to keep track of Income and Expenses incurred on each Building and analyze profitability based on different criteria such as Building, Location, Area, etc.
The Real-Estate management system is designed as a Bilingual System which allows it to be executed either in English or Arabic. Users not familiar with Arabic can operate the system in English and the management can view the same data in Arabic.
The system is very easy to use with drop-down menus and easy to understand messages and help. Keyboard commands are kept consistent throughout the system. For example, the key "Ins" means "Add a New Record". This key is never used for any other option. This makes learning the program very easy. Even a non-computer user can get the program up and running within a day or two.
The system includes many reports to help management analyze income versus expenses. If the real-estate is owned by partners, it will automatically show the breakup of profits based on the percentage defined for each partner.
The management of Assets in Accounting is handled automatically by the system and takes into account factors such as depreciation, increasing the Value of the Asset or Writing off the asset partly or fully, and computing the net worth of the Assets at any given time.
The system is equipped with a comprehensive security system. The management can restrict the user from sensitive information by assigning each user with a unique password and what programs can be executed by each user. A user cannot execute a program if he does not have the necessary authorization.
The system can be placed on a network to allow multiple users to access the data simultaneously. All network capabilities are built inside the system. This means that the system can grow along with your company. As the needs of the organization grow, you simply add an additional computer to the network and the same system will run on it.
View Reports On-Screen
All reports can be viewed on the screen before printing. This ensures that only necessary data is printed thereby eliminating wastage. The Real-Estate Management System is part of our "TOTAL SOLUTION PACKAGE" which includes General Ledger, Accounts Receivable & Payable, Asset Management, Inventory, Order Processing, etc. All these systems are tightly integrated and easily share data with each other. Such integration allows the user to enter data just once. Once the data is validated, the system automatically updates all the relevant files. This results in error-free data in the system since the source of any problem can be easily located at its source.
The process of rent collection is automated and made easy using the Real-Estate Management System. The system generates rent slips at the beginning of each month to be distributed to the tenants for rent collection. The actual money received from the tenants is verified against the rent receipts. This ensures error-free data entry.
The system keeps track of those tenants who are in default of their payments. By generating timely reports, it allows the management to reduce their bad debts by taking corrective action before it is too late.
Automatic Link To Accounting
The system can be linked to the General Ledger. In such a case, the system will automatically update the various ledger accounts. This gives double benefit to the management. In the first place, it ensures that there is reduction of data entry since the data is entered only once. Secondly, the management has quick access to up-to-date data whenever they want to view Account Statements such as Trial Balance, Balance Sheet etc.
The system can be used as a very powerful query tool to access information quickly and easily. Some of the examples of using the query system could be: