Online Property Management Software vs. Excel


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Notes

  • Excel was not made for trust accounting.
  • Due to the lack of a central database with multiple components, you enter your data into one spreadsheet, then in another for tenant records, then another for receipt records etc. Talk about triple handling! So while it’s easy to create a spreadsheet, trying to actually turn it into a fully operational trust accounting tool is not
  • If multiple people are accessing different spreadsheets, you are unable to track who has made changes, if data has been deleted, or if anyone is shifting numbers around.