Many online payment systems like AppFolio also send out automatic reminders and have the option to set up recurring payments, which can help cut down on delinquencies and ensure rent is paid on time and in full. This way, your residents can quickly and easily pay their rent right from their phones and your team can get time back to focus on other high-value tasks. Make life easier for your team and renters by offering online payments. Plus, it’s inconvenient for your residents to have to come into the office or mail in their rent payments. ![]() Manually collecting and depositing paper checks for rent payments each month eats up a lot of your team’s time and can lead to human error. 2.) Catch up on rent payments and decrease delinquencies Since everything is in one place, a fully integrated system like AppFolio can eliminate the pain of accessing and understanding the essential data that drives your business. Rather than relying on a separate system to handle your accounting needs, look for a property management solution with built-in accounting to save your team time on re-entering data and increase accuracy. Meanwhile, generic accounting solutions like QuickBooks are not integrated into your business, so it takes longer to gather information and it’s harder to have a complete financial picture. Paper-based accounting processes take up more time and can lead to errors due to double data entry. 1.) Move to a paperless accounting system You should consult a qualified tax attorney for any specific questions about filing 1099s or year-end reports for your business. While this article contains helpful information, we are not providing legal advice. Read on to find out five ways you can streamline your end-of-year duties so you can create space for what matters - big-picture thinking for the year ahead. ![]() However, if you’re relying on paper files or using accounting software that’s separate from your property management solution, this process can be incredibly time-consuming, cumbersome, and even error-prone for your property management business. The end of the year is approaching, which means now is the time to begin checking off all of your year-end reporting tasks and getting your 1099s in line.
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