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Software for IFRS 15 Real estate industry

Does anybody recommends any proper IFRS 15 tool/software which is customized for real estate industy

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Does anybody recommends any proper IFRS 15 tool/software which is customized for real estate industy?

The company is a real estate developer and need to track the conctracts of clients for apartments and payments.

One issue is to keep track of client payments and to automatically calculate financing component. 

Would apprecciate if you could recommend a decent and functionaly easy software.

Thanks in Advance

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By Business_World
07th Mar 2020 16:23

Hi,
I'm new to the Real Estate business.
I have an accounting question!

Does estate agent collection of tenants' rents is classed as their Sales Turnover or Cost of Sales in the P&L Account?
From my perspective, estate agent work on the commission basis. Lets say, ABC Estate Ltd collected £95,000 during the ARD into their limited company business a/c on behalf of the client's tenants. After deducting 5% commission of £4750 the agent transferred the rest £90,250 into their client (landlord) bank account imminently.
What sales figure do ABC Estate Ltd will include in their final accounts, is it £95000 Sales and £90,250 cost of sales or is it £4750 ???

Thanks in advance.

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