With this new feature, CICTotal Manager™ users with top user permissions can digitally set a budget for each of their properties.
Los Angeles, CA (PRWEB) June 02, 2017
Contemporary Information Corporation™ (CIC™), the nation’s leading provider of resident and employment screening since 1986, is proud to announce that they have enhanced their cloud-based property management software, CICTotal Manager™. Alongside their automated billing capabilities, marketing tools, and tenant management, the U.S. based firm has now added Budgeting into their suite of features. With this new feature, CICTotal Manager™ users with top user permissions can digitally set a budget for each of their properties.
To create a budget, users are directed to log into their CICTotal Manager™ account, click onto the company profile and select the tab ‘Budget Creator’. There, property owners and managers can create a custom budget for each of their properties, setting monthly expense limits for things like ‘Administrative Fees’, ‘Electric, Gas & Water’, and ‘HVAC’. With each budget expense, users can set dates in which those funds are available. This allows users to budget for expenses that do not occur every month, like property renovations or the installation of an elevator. In addition to creating Budget Projections that showcase expenses, CICTotal Manger™ users can also add income projections like monthly tenant payments, housing payments, and loans.
Once the budget is set on a property, managers can run a report on the projected budget vs. actuals, which showcases each month’s current expenses and profits (taken directly from the property’s profit & loss statement), the budget set for that category, and the difference between the two.
The company attributes its newest feature addition to the great feedback provided by its CICTotal Manager™ users and is excited to share more information on the new included features to come. The company is also offering a free 30-day trial of their subscription-based software. After the 30-day trial, the software is an affordable $1 per unit, per month. For more information or a demo, visit https://www.cictotal.com/.