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Compare Real Estate Accounting Software

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Noel Radley, Managing Editor
Last updated: August 13, 2014

Top 10 Most Recommended Real Estate Accounting Software Systems

 
Multiview Enterprise .NET n10 Multiview Enterprise is a broad, flexible accounting system that is suitable for nearly all industries. In addition to core accounting, it offers optional modules for work order management, business intelligence, and forecasting.
        1 Review
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69

Recommendations
in the last 30 days
Intacct Financials and Accounting System Intaact offers a web-based system that supports the needs of many sizes and types of organizations, including real estate. The company is based out of San Jose, California and its system has a user base of 30,000.
        46 Reviews
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65

Recommendations
in the last 30 days
NetSuite Financials NetSuite is one of the most recognized names in the cloud ERP solutions market. In addition to standard finance functionality, the system includes real estate-specific features for work order management and contract management.
        3 Reviews
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 Demo

58

Recommendations
in the last 30 days
Infor Office of the CFO Office of the CFO, produced by Infor, is currently used by more than 25,000 customers across the globe. Real estate firms can use the system to manage contracts, calculate agent commissions and ensure compliance tax laws.
       0 Reviews
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19

Recommendations
in the last 30 days
Sage Fixed Assets Sage Fixed Assets is designed to help commercial real estate organizations better manage the lifecycle of their fixed assets. It is a highly secure on-premise solution that can be deployed for single or multiple users.
        2 Reviews
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7

Recommendations
in the last 30 days
 

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Oracle JD Edwards JD Edwards Financial Management is a full-service accounting system with applications for accounts payable and receivable, financial management and compliance and more. It can serve many vertical markets, including real estate.
       0 Reviews
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5

Recommendations
in the last 30 days
UNIT4 Coda Financials An award-winning, best-of-class solution, CODA Financials that goes well beyond bookkeeping. Delivers real-time visibility of core financial information including general ledger, accounts payable/receivable, fixed assets and more.
        2 Reviews
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5

Recommendations
in the last 30 days
Sage 300 Construction and Real Estate (formerly Sage Timberline Office) Sage 300 Construction and Real Estate is a robust on-premise solution that was rated 5 out of 5 stars by CPA Technology Advisors. It supports core accounting features such as AP/AR, job cost and general ledger.
         1 Review
SAP Accounting Boasting expansive functionality, SAP ERP Financials is a product great for any company. Part of SAP Business Suite, it is quickly implemented, enabling you to improve accounting & finance functions now and prepare for the future
       0 Reviews
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15

Recommendations
in the last 30 days
NolaPro Accounting Suite NolaPro Accounting is a customizable accounting suite for small to mid-sized businesses that can be used in a variety of industries including retail. As well as core accounting, the system offers aging reports and inventory.
       0 Reviews
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3

Recommendations
in the last 30 days
 


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Buyer's Guide

What is Real Estate Accounting Software?

With property accounting software, it’s easy to securely share key business information with stakeholders and owners wanting information about their investments. In addition to a robust set of features and functionality, real estate finance software also helps you monitor the progress of ongoing development projects and property maintenance. Financial information can be grouped by property, development, or unit.

In this guide, we'll cover the following:

  • Functionality to be on the lookout for when evaluating accounting software for real estate businesses;
  • Best practices for evaluating these systems; and
  • The biggest trends to be aware of in the real estate accounting software market.

Real Estate-specific Functionality

In addition to core capabilities, commercial real estate accounting software typically includes the following:

Communication & Contract Tools Templates that automatically generate contracts and communications with buyers, sellers, other agents, investors, banks, brokers, title companies, and more.
Monitor Real Estate Keeps tabs on the progress of housing and commercial developments, as well as individual houses.
Mobile Access Ensures that you can access real estate financial software from anywhere.
Commission Calculation Helps you easily and automatically calculate agent commissions and fees.
Work Order Management Uses your system to monitor the status of repairs and upgrades. Also tracks time and costs accordingly.

Evaluating Systems

Real estate accounting programs can streamline many of the essential day-to-day tasks, freeing up extra time for more strategic work. The system can automatically send email notifications to agents, calculate commissions, and generate listing forms and welcome letters. Well-organized solutions can also record and sort all transaction information for a given contract.

When evaluating property accounting systems, buyers should consider the following:

  • Does the system need to be able to support several different agent pay rates?
  • Does the user need software that can handle a high variety of properties?
  • Should the program include online communication tools?
  • Does the user handle many different transactions on a regular basis?

Conversations in the Market

When managing multiple properties or development projects, having a reliable system that can streamline processes and finance flow is is essential for buyers and property managers. These are just some of trending topics within the market that could affect a buyer’s decision when evaluating real estate finance systems:

  • Mobile apps. Mobile apps are becoming popular across many industries. Vendors are innovating to bring their real estate solutions to mobile devices. For example, on May 9, 2012, Lucernex Technologies released Lx Retail Mobile, a complete solution that brings listing, maintenance ticketing, workflow functionality and more to iPads and other mobile devices.
  • Changes to capitalization tax law. In December 2011, the Internal Revenue Service (IRS) released changes to tangible property regulations. The update will affect expenses for companies every time property is acquired or remodeled. The changes require property owners who make structural changes or remodel their spaces to re-assess how their upgrades should be expensed or capitalized.


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