So today in the office we are testing some new developments with the software set to roll out in the near future. I am going to briefly explain the first set of work which has been done and show you some sneak previews of what agency accounts are set to look like soon. If you look at the image below you can see a new button known as “landlord accounts” has been added to the system. This feature update was developed due to new legislation laid out by the N.P.S.R.A (National Property Services Regulatory Authority) requiring increased regulation of monies collected and paid out to landlord clients.
The new feature will allow agents to eliminate any errors made when taking in rental payments, adding the necessary deductions and forwarding payments to their landlords. Once a rent has been marked as paid, the landlord’s accounts page will automatically be updated to remind you of the money to then be paid/transferred to their account. For example look at the rent due below of €1400 on a property, normally this will be marked as paid and then I need to remember to forward on moneys owed to the landlord.
With the new feature (see the image below) the system automatically updates the landlord’s accounts page reminding you of the outgoing payment that is due to your landlord and ensuring the entire process is managed efficiently with NO mistakes.
Hope you look forward to the roll out of these new accounting features as we do and as always if you haven’t liked the Facebook page, do it now 🙂 and follow us on Twitter for more blogs and other great content. Thanks guys!