14 Reasons to consider an Accounting change

  • 1. Operational Efficiency. This system and its services are more efficient and have working short-cuts that allow you to save time and resources.
  • 2. Improved Data Access. You have access to your data 24/7 from anywhere there is an Internet connection.
  • 3. Improved Economy. The system is less expensive than competitors and when tied to operational efficiencies provides major savings to the bottom line.
  • 4. Full Compliance. The system meets or exceeds all the reporting requirements outlined by the Ontario Condominium Act.
  • 5. Improved Controls. The system ensures that financial controls and approvals are strengthened and maintained, including bank authorizations and sign-offs.
  • 6. Improved Flexibility. The system allows you to create and produce ad-hoc reports that meet your unique requirements.
  • 7. Improved Data Back-Up. The service provides both local and remote data back-up as well as off-site back-up automatically to preserve data integrity.
  • 8. Context-Sensitive Help. The system provides help relevant to the area where you are inputting information, not just a general help screen. This is augmented by examples and other job aids minimizing the necessary training time.
  • 9. Auto-Generating Offset Entries. The system allows you to enter a limited amount of one-sided transactions and generate the proper offsetting entry such as cheques being automatically journalled between accounts payable and the proper bank account.
  • 10. Built-In Services to Minimize the Property Manager’s Workload. Ensure that the system has built in work saving strategies, like sending notices to all residents, providing form letter and word processing facilities to customize reports and easy maintenance of pre-authorized payments.
  • 11. Simple Funds Transfer, The service allows you to do funds transfer with any Canadian registered banking institution.
  • 12. Segregated Operating and Reserve Reporting. You can do joint operating and reserve reporting together.
  • 13. Continuous Access to Information. You can still have access to your information should you decide to change providers.
  • 14. Control Over Cheques Written. You control who cuts any cheques by a separate authorization algorithm.