As your business grows, so should the software you rely on. Property management needs change, which is why our platform is constantly evolving to bring you better innovations that give your team the efficiency it needs and creates space for what matters most: delighting your residents, homeowners, and clients.
Aimed at helping your business make some tremendous strides, we’ve updated our existing features within three categories: Accounting & Reporting, Management & Growth and Marketing & Leasing. Read on to see how you can make full use of them and stay ahead of the competition.
Last modified: April 22nd, 2022
By: Lauren Suggett
With our Corporate Accounting features, you can track your corporate books directly in AppFolio Property Manager, while keeping them distinctly separate from your trust accounting books. The Cost Center enhancement provides better visibility and insight into your business performance by enabling you to segment and report on your corporate data by cost center (such as departments or divisions) to see how they are doing financially. Even better, this release supports cost center assignment for automated corporate charges like management fees, lease fees, and markups and discounts set at the property level. You’ll love it because you’ll be able to get a deeper, clearer view of performance by cost center.
Look out for future enhancements that will support cost center assignment for universal transactions like bulk bills and bulk journal entries, as well as corporate bill backs.
Keeping track of the expenses for your property’s newest construction or latest renovation can be a complex job. Our Project Budgeting functionality brings budget transparency and efficiency to your project, allowing you to confidently forecast, track, and report expenses within AppFolio. Stay organized, aligned, and on-budget for large scale projects — all in one place.
For those who process online payables in batches, we’ve made the approval process easier than before. With this enhancement, line items in payment batches can now be rejected individually, rather than having to re-process the full batch.
This has been really helpful for accountants, allowing them to streamline their payables processing, get payments out in a more timely manner, and dedicate more time to other activities that drive the business forward.
Adding new properties to your AppFolio database is an exciting task—it means you’re growing your business! With this release, you can add new properties more quickly and efficiently by using an import spreadsheet. We launched this tool to give you the ease and convenience of adding new properties in one go and on your own time, without needing to engage AppFolio support.
This functionality is something the AppFolio community has been asking for, so we couldn’t be happier to deliver this and lean into one of our core values of putting our customers first.
Having the right screening process in place is crucial when it comes to mitigating potential risk and ensuring that your properties find financially qualified residents for your communities. With custom screening policies, you can better manage your screening processes all in one place by adapting policies by each property to help you manage compliance.
In addition to our screening enhancements, our Tenant Screening capabilities allow you to screen applicants in one click and receive easy-to-read reports, reducing manual data entry and giving your team more time to focus on providing a seamless leasing experience to prospective and current residents. With options to customize your screening criteria in order to establish consistent practices, you’ll be able to reduce human bias and risk throughout your screening process, and make better informed decisions. Learn more about how technology can help streamline your leasing process.
If you are an AppFolio Property Manager customer, you can find out more about each one of these features by logging in to the Help Center to explore and learn.
Not yet an AppFolio customer, but want to see how these powerful tools can help your business grow? Let’s chat — sign up now for a customized product demo.
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