REAL ESTATE
Enhancements in Sage Intacct Real Estate
Sage Intacct Real Estate adds property management functionality to Sage Intacct. The solution features a unique data structure that puts the lease document at the center of your workflow, making it flexible enough to accommodate virtually any lease agreement. Real Estate also tracks other business critical details related to your properties and offers multiple billing options.
Sage Intacct Real Estate is an additional subscription. Your company must be subscribed to the core applications and Web Services to use Sage Intacct Real Estate. To learn more, contact your Sage Intacct account manager.
A better way to reorganize property records
With the new Move Property feature, you can transfer all property-related records and data—including units, tenants, and leases—to a new Property entity.
Data integrity is ensured because the entire property structure is replicated, with all existing data and attachments transferred as-is to the newly selected property.
Improved handling of interest on security deposits
We've improved how interest on security deposits is calculated and credited, increasing transparency and clarity while still ensuring compliance.
- You can define the interest rate for security deposits in a new Interest Rate section in your settings.
- Interest accrues from the date of deposit until the deposit is refunded, aligning with real-world financial practices.
- Interest earned on the deposit is included in the final refund when the deposit is returned to the tenant.
- For partial refunds, interest is calculated proportionally to ensure fairness.
Straight line rent
For leases with escalating rents, you can use the new Straight Line Rent feature to automatically calculate an equalized payment amount based on the total rent for the lease term. Equalizing the payment amount over the lease term simplifies accounting and ensures smoother financial management.
Rent payments are automatically adjusted based on the lease start and end dates, ensuring accurate prorated amounts during periods of change.
Permissions and other requirements
| Subscription |
Real Estate |
|---|---|
| Regional availability |
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| User type |
Business user with admin privileges |
| Permissions |
Menu option for each feature to determine whether it appears on the Applications menu |
| Configuration |
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| Implementation |
Requires:
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