Yardi Investment Accounting: Efficient data management with less risk

Real estate investment managers are learning the benefits of replacing cumbersome spreadsheets and manual data compilation with Yardi Investment Accounting.

Efficient Data Management with Less Risk

Real estate investment professionals are discovering that compiling investment accounting data from multiple disparate systems onto spreadsheets involves too much time, effort and risk. Some are seeking automated software systems that can streamline multiple operations, quickly close accounting periods, and produce financial statements and reports, among other things.

That’s why over a thousand real estate companies, from start-ups and regional owner-operators to the largest fund managers, leverage Yardi Investment Accounting, which centralizes financial data within a single platform and automates complex accounting transactions at each ownership level.

With all financial data already present, there’s no need to assume the risk that comes with transferring data from a third-party property management system.

“Closing our books used to be stressful with lots of overtime. With Investment Accounting, our accountants can wrap things up in days versus weeks. It’s really improved the quality of our work as well as everybody’s quality of life.”

Scott McGinness, Principal and CFO, Cohen Asset Management

Is your portfolio small? Large? Simple? Complicated? It doesn’t matter — Investment Accounting is configurable to any type of ownership size or structure and automates accounting processes at each ownership level.

For example, the platform is fully integrated with Yardi Investment Manager, the only investor portal on the market connected to Investment Accounting, providing seamless reporting of investment data to investors.

Investment Accounting is also suitable for ownership accounting operations such as investor Net Asset Value (NAV) allocations, complex investor fees, investor tax withholdings and partner transfers. Are waterfall distribution calculations and open-end fund management part of your portfolio? Investment Accounting is up for all that entails as well.

Other features include automation of complex financial consolidations and adjustment/elimination of journal entries. It can also handle any reporting basis and currency.

The efficiencies possible with the integration of property management, investment management and accounting add value in multiple ways — everything from reduced accounting closing times and accurate budgeting to on-time investor reporting and accounting consolidations on multiple sets of books. And it’s a lot less work.

Learn more about Yardi Investment Accounting.

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AUTHOR

Joel Nelson, senior marketing writer, joined Yardi in 2007. His byline has appeared in New York Real Estate Journal, Canadian Property Management and Los Angeles Lawyer, among others. He has won multiple awards from major professional organizations including the International Association of Business Communicators and Public Communicators of Los Angeles. Joel earned a bachelor’s degree from Pomona College.

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