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The accounting requirements for a property management system fall into
several categories:
 | the landlord needs to see comprehensive and comprehensible statements, on a timely basis |
| the agent needs to be able to demand and receive rent
and other recurring charges, deal with contractors'
invoices, and account to
landlords with minimal scope for making inadvertent errors, without
duplication of entries, and with a minimum of effort |
| the agent needs immediate and convenient access to accounting records, for
answering ad-hoc queries, carrying out internal reconciliations,
satisfying external auditing requirements of various kinds. |
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