Cloud Hosting Solutions for Real Estate
QuickBooks and Sage offer practical accounting solutions for many industries, including real estate. Whether you are an investor, an agent, or a developer, it is a complete back-office option that helps you scale your business, track your investments and make smart choices. QuickBooks is the right choice for appraisers, too. They can issue an invoice immediately after the appraisal to ensure prompt payment. Tack on the added benefits of cloud hosting, and those working in real estate have even more flexibility.
Benefits of Cloud Hosting for Real Estate
Marketing is one of the essential factors in any real estate business. It is the key to buying and selling properties. QuickBooks helps to keep track of mailing and email addresses. It is critical as real estate professionals grow their customer lists, whether behind a desk or on the road.
Easy Access From Anywhere
QuickBooks cloud hosting allows access to the software and data from anywhere in the world. This is a mandate for those in the real estate industry who travel from property to property. Not only can real estate agents access data, but it is available in real-time to ensure they have the most up-to-date information.
Accurate Project Costing
Not every property makes money from day one. Some need renovations or other improvements. QuickBooks hosting for real estate provides project-costing features that help track projections and expenses in real-time. Having accurate data at your fingertips means better management of project costs.
Powerful Business Insights
Sage cloud hosting for real estate offers customizable reports. You can analyze your account details to determine which properties are the most profitable and which real estate team members provide the most revenue. Break down the account details to see who is bringing in the newest business and who is getting repeat clients and recommendations.
The real estate industry is often built around commission sales. With QuickBooks cloud hosting, agents can track their commission payments, and agencies can generate checks. QuickBooks also handles staff payroll, check printing or direct deposit, and W-2s, and payroll taxes. The software can track and assist with 1099s at the end of the year, as well.
Manage Payables and Receivables
From bill pay to statement monitoring, QuickBooks cloud hosting helps real estate firms manage their payables and keep track of their bills.
Limited Partnership Reporting
The ability to communicate with limited partners is crucial in real estate. With QuickBooks cloud hosting, real estate professionals can import and export key documents. They can apply the restriction necessary settings to documents for added security, as well. Individuals in a partnership that involves two or more people are also required to report annual income with deductions, gains, and losses to the IRS. QuickBooks can help tabulate the data and create tax documents for each partner.
Accurate Transaction Categorization
Proper translation categorization is necessary for all businesses for tax preparation, expense reporting, and financial statements. It is also an intricate part of preparing income statements by project and reconciliation reports by account.
Real estate professionals have many of the same needs as any professional service, so QuickBooks cloud hosting makes sense. QuickBooks also allows you to create invoices and manage them. You can mark them paid when the money comes in or send second notices if it doesn’t. Some options allow clients to pay you directly online, too. That’s just a sneak peek at the many benefits available to anyone that works in the real estate industry.
Cloud Hosting Security for Real Estate
Cybersecurity continues to be one of the most troubling risks for businesses. Those working in real estate are responsible for the handling of sensitive information, including:
- Client id numbers
- Social security numbers
- Banking information
- Customer personal information such as addresses, birth dates, and phone numbers
Cloud hosting solutions for real estate provide a difficult level of security for businesses that opt for in-house network systems and servers to achieve. The security features available with QuickBooks cloud hosting starts with a Multi Factor Authentication platform. With Multi Factor Authentication, real estate professionals have better control over who has access to their data.
The encryption technology and dedicated services ensure data remain secure. Cloud hosting provides regular backups in case there is an emergency, which is essential for disaster recovery.
QuickBooks cloud hosting also uses network segmentation designed to trick would-be hackers looking to infiltrate the networks. Segmentation makes one singular network look like many.
QuickBooks and Sage Products for Real Estate
QuickBooks Pro is an affordable choice for basic accounting needs for the real estate agent, developer, or appraiser running his own business. It allows the professional who already has a license for QuickBooks software to enjoy the benefits of cloud hosting. Agents can opt to add more functions like tax 1099 creation if necessary.
QuickBooks Premier takes it to the next level for a real estate agency or medium-sized investment firm. With this platform, you can pay bills, manage payroll and custom design reports. QuickBooks Premier also includes the basic accounting functions you find in QuickBooks Pro and the cloud hosting security and benefits.
Sage 300 CRE
Sage 300 CRE is Sage hosting for real estate that offers extensive features for property managers, developers, and even contractors. The platform includes convenient access to the whole team with the proper security. As with all Sage products, there is also 24/7 support. You can always talk to a real person at any time.
QuickBooks and Sage Apps for Real Estate
People working in the real estate industry need the right tools to keep them on track. Summit Hosting and the QuickBooks and Sage hosting products can help. To find out more, contact us today. Summit Hosting can integrate third-party applications right for real estate companies such as:
The gold standard application for viewing PDF documents and contracts.
Imports transaction types on an Excel worksheet into QuickBooks. Perfect for expense management for remote agents.
Crystal Reports provides deeper insight into information that gives companies a competitive advantage.
Goldmine is a CRM that helps real estate businesses with critical functions such as sales forecasting, customer data, and property details.