A back office fully integrated computerised client accounting and residential lettings administration application designed for use by the client accounting, property management, tenancy renewals, credit control and administration teams. Ideal for larger residential, commercial and service charge property managers and agents.The high volume nature of the property business requires a reliable system that can manage large volumes of data in a format that is easy to administer and understand. CML Agency Accounting is designed to run all the financial and management processes required when letting a property and offers a full double-entry accounting system providing robust financial information and audit trails where required.
- Tenancy Deals received from Agency Lettings
- Automated creation of the Landlord, property and tenancy records with necessary accounting entries
- Bulk automated processing of tenancy charges
- Automated banking processes for cash receipting, direct debiting, supplier payments and bank reconciliation
- Automatic setup of key tenancy dates for future management
- Specific functionality for gas and electrical safety testing with links to event management system for task processing
- Purchase order/invoice processes for contractors’ works with float retentions as necessary
- Fully tax compliant with HMRC’s Non Resident Landlord scheme
- Bulk client statement and remittance production with automated forwarding of correspondence
- Extensive Key Performance Indicators for management reporting
- Contacts, file notes, diary and correspondence management
- Integration to Company accounts for automatic processing of letting fees
