Setting up financial system for multiple companies combined with a property management software
I need advice on how to set up the financial system for a group of companies dealing in property investment. Each company is holding a property (rental or a property being developed). There is a need for property management software for dealing with the lettings side and rent collection and of course accounting software.
Does anyone have experience with 'Arthur' which links with Xero? If so, as this will link to a particular Xreo account there would be a need to journal income charged from this main Xero file to the individual companies who own each property. Is the a smarter solution for this?
Also any advice on consolidation software that can allow overview of the whole portfollio? Which one is recomended and what can (or can't) it do? Any input on 'Fathom' or 'Datadear'?
I am completly unfamiliar with the sector and might not have a good picture of the issues I need to consider, so would welcome anyone's experience and knowledge.
mr rohim
shared this idea
-
Chiforisin Daniel
commented
My company recently worked in association with a company that raised us financially, and if I'm not mistaken, they had such a system. I'm not sure, but as far as I can remember, they were called http://www.mcgeewm.com . They were imprinted on me because I was delighted with their work. That's why you can easily ask them this question because you will only find experts who will solve any problem. But if you don't want to, you can also turn to an IT expert because they can set up such a system. You already see how more convenient it is.