Buildium Releases New Accounting Reports, Bank Reconciliation Enhancements

A slew of accounting enhancements head up today’s updates to Buildium. Thanks to our customers for their feedback, which helps us to develop ever-improving property management software.

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We recognize that managing other people's money is a complicated process, and with our new trust accounting reports, Buildium is working hard to make compliance even easier.

Boston, MA (PRWEB) February 25, 2014

A slew of accounting enhancements head up today’s updates to Buildium.

NEW BANK ACCOUNT AND COMPLIANCE REPORTS

We've has added new reports to help our customers tell who owns the cash in their bank accounts. The bank account balance breakdown shows a summary of cash by owner. The bank transactions and bank transactions consolidated reports show a detail view, much like a bank statement. The trust bundle is a .zip file that includes the bank reconciliation and bank account balance breakdown. All reports include inactive properties.

"We recognize that managing other people's money is a complicated process, and with our new trust accounting reports, Buildium is working hard to make compliance even easier," says Coryndon Luxmoore, VP of User Experience at Buildium.

BANK REGISTER BY PROPERTY

The bank transactions page has been outfitted with a property filter, allowing customers to see transactions by property or rental owner. Each transaction shows the property or properties associated with it. This feature includes inactive properties.

PREVENT USERS FROM EDITING RECONCILED TRANSACTIONS

If a $100 check is reconciled, it should stay $100. So Buildium is now preventing users from changing the grand total amount of all reconciled bank transactions. (Memos, accounts, dates, and properties can be changed.)

BANK RECONCILIATION ENHANCEMENTS

The bank reconciliation view state and report now summarize uncleared transactions and ties the reconciled bank statement ending balance back to the “book balance” in Buildium.

NEW RENTAL APPLICATION FEATURE

Buildium now features new rental applications that users can customize with ease.

EASILY RECORD CASH OR CHECK RENTAL APPLICATION FEES

Buildium has always allowed you to process a rental application fee electronically. In this release Buildium will offer customers the ability to process a rental application fee by cash, check, and other manual payment methods. This rental application fee can be included in a bank deposit. By default, Buildium will include in the undeposited funds for the bank account identified in rental application fee settings. Once deposited, a rental application fee can be reversed.

REDESIGNED LISTINGS HUB AND FORMS

Buildium has completely revamped the “Listings” section under the “Rentals” menu. Gone are the pop-up forms and the quirky bouncing back and forth to unit and property details. Now customers have a simple, consolidated view of their listing, with the ability to easily edit information, syndicate, and export.

Buildium has also added the ability to link YouTube or Vimeo videos to the gallery. Videos will appear on the public website and will also be sent to our syndication partners.

Finally, we’ve combined all of the listing settings for listing contacts and listing syndication into a simple “Listing settings” page.

UNDO TASK UPDATES

This feature gives managers a short time window within which to “undo” updates to a task. This is helpful if the manager missed the sharing options on an update -- shared it with the tenant when he or she did not mean to, for example, or simply made an error in the text of the update.

REDESIGNED METER READINGS AND BULK CHARGES FORMS

The legacy pop-up forms for recording meter readings and entering bulk charges are replaced with modern, in-line forms. This is a big win for customers using Buildium on a tablet or smartphone.

REDESIGNED ADD LEASE FORM

This new form replaces the legacy “move in” form. You can now set up your entire lease, including all tenants, recurring charges, and one-time opening charges, on a single screen. This will save users time.

"If there's one thing I've learned from our customers, it's that simple and powerful forms are simply the way to go. Buildium's new Add Lease form will save our customers a lot of time," says Marc Levetin, Senior Product Expert at Buildium.

UPDATED MOBILE APPS

Last month we released all-new Buildium mobile apps for iOS and Android. They were designed to provide a powerful software experience on your smartphone or tablet.

The all-new Buildium mobile apps are designed for speed, so you never have to lose time waiting for an app to load. But they also give you the key functionality you need on the go — like adding a maintenance request; editing and view tenant, owner, and vendor information; uploading photos of a property (or a leaky toilet); and getting directions to a property.

With these apps, you’ll get a seamless Buildium experience. From your mobile devices to your laptop, and back again, you just enter the information into Buildium once — and access it everywhere. You can even get the full Buildium experience in your mobile browser without needing to sign in again.

Today we’re announcing some upgrades to those apps. There are two main upgrades, in addition to a slew of bug fixes:

  • Add photos from a gallery
  • Email a work order

All of these new features are available immediately to Buildium customers.

ABOUT BUILDIUM

Buildium provides simple and affordable cloud property management software solutions to landlords, property managers, condominiums, and homeowner associations. Founded in 2004, today more than 8,000 customers use Buildium’s online property management software to manage over 750,000 units in 31 countries around the world. For more information, visit http://www.buildium.com.


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