Without the use of computers, almost no business can sustain itself and grow today. This also applies to the real estate sector. Both real estate agents and homeowners use various applications to manage aspects of their businesses. When you select such software to manage the nuances of your property rental or sale business, some aspects need to be carefully checked. Ease of use, improvement, and scalability are important factors in this context. However, you should also examine the accounting functions present in such application.
Importance of QuickBooks Integration in Real Estate Management Applications
When you use an application to rent or sell a property, managing the financial aspects becomes mandatory. You need to keep track of things like pending rentals, reservation amount for a property, generation of invoices for tenants, etc. Quickbooks is feature-laden financial management software that can meet these needs with ease. The benefit of this application is that it integrates with a number of real estate software. Therefore, when purchasing a property management application, make sure it is compatible with Quickbooks.
Types of property management software secondary QuickBooks
You can use various types of rental or real estate applications that are compatible with Quickbooks.
Freelance apps used to be a favorite with homeowners and realtors. Many real estate agents still use these packages. While they are useful for small organizations, they are not very profitable in the long run.
Lately, the popularity of cloud-based rental software has increased significantly. These applications do not need to be installed on individual PCs like traditional applications. You can use them from computers and handheld devices as long as there are browser options and web connectivity. They need users to create online profiles and register before using them. These online applications can import data from QuickBooks and export it. They also have an integrated online payment and tracking system.
Things to check when buying QuickBooks-compatible property apps
Help and resource materials are a prerequisite when purchasing real estate or rental management applications that are compatible with QuickBooks. This may be especially necessary if your business is using property management applications for the first time or opts for the QuickBooks integration.
Printed / physical resource
Generally, independent vendors of proper management software offer CDS or printed materials to provide helpful documentation and resources to customers. These resources are helpful in educating your company employees on the nuances of both the app and QuickBooks. While these resources are useful, the downside is that with prolonged use, they can wear out. The possibility of losing them is also there.
Online resource
Companies that make web-based, QuickBooks-compatible property management applications offer help documentation and support materials in web formats. While some of them offer HTML-based documentation, there are others that offer PDF documents that users can download and print. However, there are some companies that offer user guides and video tutorials. A great advantage of web-based training material is that you can access them at any time and there is no risk of loss or damage.
