What is the primary benefit to using Kardin software instead of the budget features found in some real-estate accounting packages?
The main difference between Kardin software and accounting packages is that our software stores budget data at the Sub-Account level. Most accounting packages store the budgets at the Account (GL) level. This means the user needs to create spreadsheets to store the back-up detail information. We have spoken to many property managers who build large, complex spreadsheets with hundreds of pages to store the day-to-day budget details. Some managers even use hundreds of separate spreadsheets all linked together. Both of these methods can lead to errors if the users add or remove a page or a row, which can “blow the links”. With our software, the information for a budget is stored in a single, easy to use file that is actually a very efficient relational database.
Related Questions
- What is the primary benefit to using Kardin software instead of the budget features found in some real-estate accounting packages?
- What are some other benefits to doing budgets with Kardin software instead accounting packages?
- Does Kardin software do anything to validate accounting data or the budget?
