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Updated over 16 years ago,
Mid-Sized Developer - New Software Solution
Hey forum,
I've read a lot of interesting things on here but this is the first time I've posted. I just got hired on at a mid-sized development company that are pokes around in managing some smaller properties, invests in others, etc. You could really classify it was more of just a Real Estate Investment company. Currently the only software solution being used is Quickbooks. My boss wants the ability to do the following things:
1) Have financial statements for each particular project (your normal accounting)
2) Consolidated accounting (be able to look at all properties together)
3) The ability to build in different capital models to the projects (multiple investors/single investor, debt/no debt)
4) The ability for a singular investor (ie: my boss) to see how much cash he has in each particular project, and all projects, see how much he's actually making in each (cash) to see real returns
5) The ability to possibly include rent rolls and specific information about each project with the ability to have notifications when note payments, property tax payments, etc. are due. We need to be able to better track when property taxes and other payments are due.
Basically a full functioning software suite that does all of the above, geared up with features a developer would want. The big things are being able to have individual project areas with distince financial info, but also have an umbrella ability to see how they are all doing, with information about each partners investment across all projects or a single project. The second big thing is the ability to have reminders of payments flow into a calendar type system (tickler system) to send reminders about outflows of money (property taxes, note payments, etc.)
What options do I have here?
Thanks,
Beau