Accounting software for property management companies
Property management accounting software has to keep owner money, tenant deposits and company money apart, across every property. Adopt keeps the books reconciled and the monthly close current, and your team approves every entry.
How property management companies handle this today.
Other people’s money. Rents and deposits held for owners and tenants must stay separate from operating cash.
A bank account per property. Dozens of accounts each need a reconciliation every month.
High volume, small amounts. Rent receipts, repairs and utilities add up to thousands of lines.
Owners expect answers. Every figure has to trace back to a transaction.
Property management accounting, account by account
Adopt prepares the work in the background. Your team reviews and approves it, and every approval stays on the record.
Connect your accounts
Link bank and card accounts, or upload statements. Adopt starts from your opening balances.
Rent and expenses coded, with reasons
Receipts, repairs, utilities and fees each get a suggested account and the reason behind it.
Review and approve
Approve in bulk or one at a time. Nothing posts until you do.
Close and report
Reconciliations and month-end statements are prepared for you to sign off.
What changes for property management companies
Every account reconciled to the cent
Operating, trust and deposit accounts each tie to their own statement.
Entities kept separate
Properties or owners held in separate entities each keep their own books.
Traced to source
Every number links back to the transaction or document behind it.
FAQs
It keeps the books for a management company and the properties it runs: receipts and expenses recorded, every bank account reconciled and statements produced each month. Adopt prepares that work and your team approves it.
No. Leases, tenant ledgers and owner statements stay in your property management system. Adopt keeps the accounting books and bank reconciliations current.
Yes. Each entity keeps its own books, and you can review one entity or all of them.
No. Adopt works on its own. A business without any accounting system can start on Adopt and keep its books there.
More software for property management companies
Accounting software for other industries
Every property account, reconciled.
You approve every entry.
Start free and connect your first account. Adopt works on its own, so you do not need another accounting system to begin.
