Powersoft

Free discovery call Book a product demo
Free discovery call Book a product demo

Finance, Accounting & Taxation

The Core of Your Real Estate Success

At the heart of every successful real estate venture lies robust Finance, Accounting & Taxation management. This isn’t just about balancing books; it’s about safeguarding financial health, ensuring compliance, and empowering strategic decision-making. The complexities of real estate transactions, multi-project finances, and intricate tax regulations demand precision and real-time visibility. Our comprehensive Finance, Accounting & Taxation module provides an integrated solution to automate your financial operations, maintain impeccable records, ensure tax compliance (including Indian specific taxes), and deliver critical insights, giving you complete control over your financial destiny.

Key Features

Accounts Payable in real estate ERP and accounting software for managing vendor invoices and payments.
Key Features

Accounts Payable

Efficiently manage everything your company owes. Our Accounts Payable feature streamlines the processing and tracking of all vendor invoices and payments. This ensures timely disbursements, helps maintain strong supplier relationships, and provides clear visibility into your outgoing cash flow.
Accounts Receivable in real estate ERP and bookkeeping software to track customer payments and boost cash flow
Key Features

Accounts Receivable

Accelerate your incoming cash flow. With Accounts Receivable, you can effectively manage and track all customer invoices and payments. This ensures timely collections, reduces outstanding dues, and provides a clear picture of your expected revenue, significantly improving your working capital.
General Ledger in real estate ERP and finance software for accurate property accounting and financial reporting.
Key Features

General Ledger

Our General Ledger maintains accurate and comprehensive financial records of every transaction. This centralized system forms the bedrock for generating all critical financial statements like Balance Sheets and Profit & Loss statements, ensuring compliance and clear financial reporting.
Multi-currency and multi-language support in real estate ERP for global property management and accounting
Key Features

Multi-Currency and Multi-Language

Expand your horizons without financial boundaries. Our module supports Multi-Currency and Multi-Language operations, enabling your global businesses to transact, report, and collaborate seamlessly across different currencies and with diverse teams, simplifying international financial management.
Inventory management in real estate ERP and property accounting software for item tracking and stock control
Key Features

Item and Basic Inventory Management

Gain fundamental control over your operational items. Our Item and Basic Inventory Management feature allows you to track inventory levels for general items, manage basic stock movements, and generate relevant reports for accounting purposes, directly integrated with your financial records.
Key Features

Bank Management & Reconciliations

Maintain precise control over your cash. Bank Management & Reconciliations allows you to efficiently manage all your bank accounts, automate the reconciliation of transactions against bank statements, and ensure accurate, real-time bank balances, minimizing discrepancies and enhancing financial oversight.
Bank reconciliation in real estate ERP and bookkeeping software for real-time cash tracking and accuracy.
Vendor credit control in real estate ERP and commercial real estate accounting software to manage credit limits.
Key Features

Vendor Credit Control

Mitigate financial risk and strengthen vendor relationships. Our Vendor Credit Control feature enables you to implement robust management and monitoring of credit limits, payment terms, and outstanding balances with your vendors, minimizing financial exposure and ensuring timely, compliant payments.
Key Features

Tax Management

Simplify complex tax compliance, domestically and globally. Our Tax Management solution offers a simple, easy-to-use platform to manage various taxes, including specific Indian taxes like GST, TDS, and TCS. It automates calculations, generates detailed reports, and ensures seamless compliance with all local tax regulations.
Tax management in real estate ERP and tax software for automated GST, TDS, and TCS compliance.
Close management in real estate ERP and property accounting software to automate monthly and yearly closings
Key Features

Close Management

Streamline and accelerate your financial reporting cycles. Close Management automates workflows and controls for your month-end and year-end closing processes. This reduces manual effort, improves accuracy, and ensures timely completion of financial statements, meeting all reporting deadlines efficiently.

Frequently Asked Questions (FAQs)

Yes. Our module is designed to be fully compliant with prevailing Indian accounting standards (IND AS) and taxation laws, including GST and Income Tax regulations specific to the real estate sector. It ensures your financial reporting adheres to all statutory requirements.
Yes. The module is engineered to handle complex revenue recognition methods vital for real estate projects, including the Percentage-of-Completion Method (POCM) and the Completed Contract Method (CCM), ensuring accurate and compliant revenue reporting as per industry standards and accounting norms.
Absolutely. The module provides comprehensive financial reporting capabilities, generating standard financial statements like Balance Sheets, Profit & Loss statements, and Cash Flow statements. These reports are further tailored to reflect the unique financial dynamics and project-wise profitability insights essential for real estate businesses.
Yes, seamlessly. Our system allows you to efficiently manage multiple bank accounts, automate bank reconciliations for accurate cash positioning, and comprehensively track all your fixed assets, including their depreciation and maintenance details.
Yes. The module automates many critical accounting processes, from simplified journal entry postings and efficient ledger management to streamlining and accelerating your financial period closing procedures, significantly reducing manual effort and improving accuracy.
No, the system does not allow booking of invoices for a period after its financial closure. Invoicing is handled intrinsically through systematic period closures, ensuring all transactions are finalised and reconciled before the period is closed, thus maintaining data integrity for GST filings.
Yes. Leveraging its integration with specialized GSPs (Government Service Providers) and its comprehensive financial data, the module enables the generation of various essential tax forms and detailed reports required for annual filings and other statutory compliances in India.
Absolutely. A key strength of the module is its ability to track and analyze project-wise profitability and expenses in granular detail. This provides deep financial insights, enabling precise cost control, performance evaluation, and informed decision-making for each of your real estate projects.

Explore Other RealtyOne© Modules

What are the key features to look for in real estate finance and accounting software?

When seeking the best real estate accounting software, look for integrated general ledger, accounts payable, and accounts receivable functionalities. RealtyOne’s module provides robust real estate finance software features like advanced budgeting, detailed expense tracking, and precise cash flow forecasting. It also excels in real estate tax software capabilities, ensuring full regulatory compliance for the real estate industry.

What are the benefits of automated transaction recording in real estate accounting software?

Automated transaction recording in RealtyOne’s real estate accounting software delivers immense benefits. It ensures improved accuracy, significantly reduces manual data entry errors, and provides real-time financial insights. This automation, ideal for property management bookkeeping software, saves substantial time, enhances data security, and simplifies audit processes, optimizing financial operations for real estate developers.

How does real estate accounting software simplify tax calculation and filing?

RealtyOne’s real estate accounting software profoundly simplifies tax calculation and filing. This real estate tax software centralizes all financial data, automating expense categorization and income tracking to generate precise financial reports compliant with Indian tax regulations like GST. It streamlines your overall tax management, making it the best accounting software for real estate management.

What are the benefits of using finance and accounting software in real estate?

The benefits of using dedicated real estate finance software like RealtyOne© are vast. This property accounting software enhances financial control, significantly improves cash flow management, and ensures seamless regulatory compliance. It boosts efficiency through extensive automation of manual tasks, provides accurate financial reporting, and enables data-driven decision-making, driving higher profitability for real estate businesses.

How can real estate accounting software improve cash flow management?

RealtyOne’s real estate accounting software dramatically improves cash flow management through automated invoicing, payment reminders, and real-time bank reconciliation. As a powerful real estate accounting platform, it offers an instant, clear view of all incoming and outgoing funds, enabling real estate development accounting software users to forecast effectively, optimize working capital, and make proactive financial decisions.

What are the advantages of using ERP software for real estate accounting?

The advantages of using an ERP software for real estate accounting like RealtyOne© are profound. This comprehensive property management accounting system offers centralized data management, automating repetitive tasks for increased productivity. You gain real-time accessibility of information, enhancing financial control, ensuring regulatory compliance, and enabling superior data-driven decision-making across all real estate management accounting software operations.

Book A Free Discovery Call

Step 1: Enter your personal details

Book a Product Demo