MYCFO for Housing
Accounting for housing schemes and real estate developments. The industry modules for this edition are coming soon. The MYCFO core already covers your everyday bookkeeping today.
Housing
Available today with core MYCFO
- Projects & jobs for schemes and phases
- Numbered customer receipts with attachments
- Separate companies per scheme or entity
Planned for this edition
- Plot / unit inventory
- Booking & allotment
- Installment schedules per buyer
- Buyer statements & dues
- Transfer & possession charges
Made for housing
MYCFO for Housing is aimed at:
- Housing scheme developers
- Real estate development companies
- Builders selling plots, houses or apartments
- Property sales and marketing offices
What makes accounting hard in this industry
Many schemes and phases
Each scheme or phase needs its own clear picture of costs and receipts.
High volume of buyer receipts
Bookings, down payments and installments create a constant flow of customer receipts.
Large development costs
Land, approvals, contractors and infrastructure costs need careful recording and support documents.
Multiple land-owning entities
Projects are often held in separate companies that each need their own books.
How the MYCFO core helps today
These MYCFO features are available now. They are general accounting features, not the industry modules planned for this edition. Highlighted cards show how they apply to housing.
Accounts & general ledger
4-level chart of accounts, Record General Entry, General Journal, Recurring Transactions and Budget.
Banking
Bank Payment and Bank Receipt vouchers with Paid To / Received From.
Purchase & Sale
Customer receipts for buyer payments; purchase bills and vendor payments for contractors and suppliers.
Inventory
Item list, stock received and consumed, and a Stock Register.
Payroll
Employees and salary sheets.
Projects & Jobs
Use projects and jobs to track development costs by scheme, phase or block.
Branches
Tag every voucher and journal line to a branch; P&L by Branch report.
167 reports
Index to Reports across 9 tabs, including Trial Balance, Balance Sheet, P&L, Cash Flow and ageing.
Attachments
Attach booking forms, agreements and approvals to the relevant voucher.
Tax codes
Tax by code and rate on document lines. Does not prepare national tax returns.
Home currency per company
Run each scheme's company in its own home currency, chosen from 154 world currencies.
Excel, print & backups
Excel import/export, Print and Send to Excel everywhere, and dated backups with Restore.
Planned for this edition
Industry-specific modules planned for MYCFO for Housing. These are not available yet. Join the waitlist to hear when they are ready, or talk to sales about your requirements.
Plot / unit inventory
Register of plots, houses or apartments with size, category and status.
Booking & allotment
Record bookings and allotments against each plot or unit.
Installment schedules per buyer
Payment plans with due dates for each buyer.
Buyer statements & dues
Statements showing paid, due and overdue installments per buyer.
Transfer & possession charges
Track transfer fees, development charges and possession-related charges.
Be first to know when MYCFO for Housing is ready
Join the waitlist, or talk to sales about using the MYCFO core today. Prices in USD. Customers worldwide welcome.