Handling finance for property company is much alike doing the accounting task in managing the business cash flow. The task of a cashier is to perform the payment, while the financial administration performs recording, reporting, and filing the financial transaction documents.
The property company has different financial management system from other businesses. The property company has more expenses allocation, but only has one source which comes from the sold buildings. A strict supervision is required especially in budgeting and realization.
To support the business in monitoring the financial system, financial record system is required to record the revenue and operational cost. The objectives of this financial record are to inform the financial condition, performance, equity changes, and business cash flow. This information mostly used by the business owner to make a strategic decision and as part of the management accountability in managing resources.
The requirements of the prepared accounting report are not only accuracy and accountable, but also as the benchmark on previous projects and as a reference for the next project. Due to these critical points, the thoroughness in preparing the reports is very important. For companies which decide to implement the accounting software, there are some points to consider:
- The accounting software is based on the job costing. Generally, the company will start to build after receiving customer’s’ order. Like Zahir Standard version 6 allows the user to record project budget, project phase, and project progress status.
- Present the budget information and cost realization
- Presents the project profit loss report
The above points can be found in Zahir Accounting software in Zahir Standard. Zahir Standard is designed for companies engaged in services as well as trading, use project management, and goods trading as in contractor. The comprehensive features are purchase and sales, inventory management, payable-receivable management, project budgeting and department, assembly, and stock opname. The various report will be automatically made without any difficulties and save more time.
