Why Yardi is the Go-To Accounting Software for Commercial Real Estate Businesses

May 3, 2023 Meissner

Why Yardi is the Go-To Accounting Software for Commercial Real Estate Businesses

What is Yardi?

Yardi is a software platform that is widely used in the commercial real estate industry for property management, accounting, and other related tasks. Its accounting software, in particular, has become popular due to its ability to handle complex financial functions specific to the commercial real estate industry.

Why is Yardi so widely used in the industry?

One of the key benefits of Yardi’s accounting software is its comprehensive accounting system, which includes accounts payable, accounts receivable, general ledger, and financial reporting functions. This system helps property owners manage their financials efficiently and accurately, providing them with the data they need to make informed financial decisions.

User Friendly: Yardi’s accounting software is also designed with user-friendliness in mind. Its interface allows users to easily access financial data and generate detailed financial reports, which is particularly useful for commercial real estate owners in tracking their financial performance and identifying areas for improvement.

Integrability: Yardi’s accounting software can be seamlessly integrated with other Yardi products, such as its maintenance module, Common Area Maintenance (CAM) module, construction management moduel, and online tenant billpaying, providing owners with a complete solution to manage their properties and finances from a single platform. This integration saves property owners time and money by reducing the need for manual data entry and minimizing the potential for errors.

Advanced reporting capabilities: Yardi’s functions allow owners to generate custom reports that meet their unique needs. This feature is particularly valuable for commercial real estate businesses that need to report on complex financial data, such as lease revenue and expenses, capital expenditures,  depreciation, and complex lender schedules.

Closing Thoughts

Yardi’s accounting software is relevant and widely used in commercial real estate due to its ability to handle complex financial functions, user-friendliness, integration with other Yardi products, and advanced reporting capabilities. By using Yardi’s accounting software, commercial real estate businesses can streamline their financial operations, reduce errors, and make informed financial decisions that help them stay competitive in a rapidly changing industry.

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