Bookkeeping or Accounting in Property Tools

Propery Tools takes an innovative approach to bookkeeping.   We describe it as context aware accounting.  Traditionally, in Quickbooks, a property owner or their bookkeeper will connect their bank account and then start to categorize those transactions manually and attach the related document.  

But because Property Tools is a real estate specific platform, it can automate a lot of the accounting that wouldn't be possible in Quickbooks.   We start by loading the context of the property portfolio into Property Tools first, and then the system is able to automatically match transactions to those objects.

So when you load one of our standard objects into the system (Lease, Loan, Association, Services, Property Tax, Insurance), it now knows what expenses to expect and when to expect them.  When the transactions come into the system, we are able to match them to the payment schedules of the objects so that the property and account are auto populated.