365Villas unveils PMS' new accounting features

365Villas unveils PMS' new accounting features

It has an array of new functionality, including streamlined report-building tools

Holiday rental management software provider 365Villas has launched a significant expansion to its accounting package.

The move by the firm is said to be an attempt to "dominate this notoriously difficult aspect of property management". 

The PMS already had accounting features but the latest roll out to its integrated accounting platform includes some previously unseen features by the industry.

The latest tools span the full range of revenue tracking, expense management and workflow improvements, though some of new functionality includes profit and loss visibility for agents across their entire business, not just per portfolio; one-click breakdowns of any expense or revenue line item and streamlined report-building tools.

Dave Payette, founder and CEO of 365Villas, said: “Not every PMS offers accounting tools and the variation in quality is as wide as it gets. 

"The reason is that they’re incredibly intricate. It’s very difficult to build an integrated, robust accounting system that pleases everyone and caters to all the different use cases and custom needs that are out there."

He said: "Finally, we think we’ve achieved a massive breakthrough, and one that will set us apart from our competitors. This is the sort of functionality that makes any PMS a must-have and we’re already getting a fantastic response.”