Commercial or Industrial Property - Single Occupation >
Whether your tenants are on a lease or a licence SYSTEM505 will simplify your management and give you concise information that’s simple and easy to understand
Portfolio Control
Routine jobs, such as rent demand production, collection of arrears, letters to tenants etc, are fully automated.
It provides more than 100 easily accessed information screens all carefully designed to provide you with clear and concise details regarding your portfolio and maintains a fully detailed event and transaction history which can be retained in the system for as long as may be required. There is a full security system enabling you to set individual access rights for each member of staff and the powerful Diary Module will give you full control over repairs, notices, repairing obligations, rent reviews etc.
If required, facilities are also available to enable you to create your own database of information relating to your portfolio.
Accounting
SYSTEM 505 also has a fully integrated multi-company accounting suite which enables automatic production of accounts to balance sheet level, VAT returns, trial balances, cashbooks, bank statement reconcilliation etc. There is also provision for full profit and loss accounting including accruals, prepayments and depreciation.
It can calculate interest where applicable and has an extensive purchase ledger to facilitate supplier payments and provides for automatic printing of remittance advices and payments. It will operate with any number of different bank accounts and calculate VAT on rent and service charges where applicable.
Reporting
The programs also provide an extensive array of easily understood reports to provide full information regarding your portfolio.
It also has a built in Report Generator to enable you to easily create your own reports and statements.
With many more features too numerous to mention SYSTEM 505 will give you full control over your portfolio.
