
An Overview of The Yardi Real Estate Management Platform
Yardi is one of the leading real estate management platforms, used by property owners, managers, and investors to manage a wide range of real
Yardi’s Fixed Assets module allows you to apply a depreciation formula to the purchase price of a fixed asset over time, depending on the accounting practices used by your organization.
The Yardi Fixed Assets module allows you to apply a depreciation formula to the purchase price of a fixed asset over time, depending on the accounting practices used by your organization. Fixed assets are tangible items you use to run your business; depreciation is the practice of “spreading” the expense over the item’s usable life. This module is especially useful for organizations with many fixed assets – like property and equipment – that are difficult to track via spreadsheet. This GAAP-compliant module will simplify your year-end reporting process. Additional features of the and benefits of the Yardi Fixed Assets module include:
Configuring this module entails setting up: accounts and options, depreciation methods and conventions, and asset types. Because there are multiple ways to create a fixed asset in the system, it is important to establish group permissions allowing users the ability to create and assign attributes to an asset. This module gives you the ability to change the “post” button on a fixed asset transaction (like sale or disposition) to “send for approval,” for certain user groups.
Several reports allow a bird’s eye view of your assets that have been entered into the system, the posted depreciation, the placed in-service date, and the depreciation schedule that is being used. From the Depreciation Summary report, you can then drill down into an asset’s individual record.
From here, we can investigate the specific journal entries associated with depreciation and determine if everything has posted correctly.
The Yardi Fixed Assets module also offers several useful analytic tools for completing IRS Form 4562.
Yardi is one of the leading real estate management platforms, used by property owners, managers, and investors to manage a wide range of real
As a property manager or real estate investor who uses Yardi, you are always looking for ways to improve your bottom line. One way
Managing a real estate business can be a daunting task, especially if you have a large portfolio of properties, and choosing real estate management
ND Consulting is a nimble and highly responsive boutique Yardi Voyager consulting firm. We are well known as the Yardi Experts based on our expertise in solving Yardi problems. Our mission is clear—we help our clients to maximize the return on their Yardi investment. ND Consulting is a proud member of the Yardi Independent Consulting Network.