I'm looking to migrate a property investment company to a cloud-based solution. Two seemingly basic requirements are:
1) Direct debit payment of the subscription: the company has no credit card to pay for e.g. Xero, and no appetite to pay from a personal card.
2) Commercial property rent demands: it would be useful to use a bespoke app for managing quarterly rental demands.
Any suggestions - would Quickbooks + a property app do the trick?
Replies (5)
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Seriously why is 1) an issue?
the cost of a company credit card is tiny compared to the annual cost of software, let alone a bespoke property add-on
I'd concentrate on finding as solution that does the job, then worry about paying for it...
Albeit only with 1 client I’ve found Xero’s recurring invoice function good for a property rental company. Specifically the placeholder function for the description which allows you to specify the time period that the rent covers (i.e. the description changes with each new invoice). It’s pretty easy to setup.
Why would you migrate away from bespoke software into a generic?
I deal with a lot of property business, and whilst you can make Xero do it (the recurring invoices with stop dates make it quite natural for rent demands against lease terms), its much worse than using a bespoke programme unless its 1-2 properties and the costs are exorbitant.
AccountsIQ might be able to help - Hibernia REIT use the software and have it integrated with Landmark, their property management software https://accountsiq.com/case-studies/hibernia-reit/
and no 1) isn't an issue