Xero quarters admin time

Debbie Buckman’s admin time has been chopped in half, then half again, since she chose Xero as the accounting system for her boutique property management business.

Although Allure Property Management manages residential properties in Wellington, Debbie’s clients are scattered all over the world, including the UK, Italy and the US.

Property management has a number of accounting pain points. Entering financial data, transferring money, checking up on who has paid rent – and more importantly who hasn’t. What’s more, when you’re in charge of peoples’ most valuable assets, financial information has to be accurate, available and easy to understand at a glance.

Debbie needed an accounting package to help simplify a potentially complex situation. She needed an accounting tool that kept her and her clients informed at all times, and made the numbers visable.

Debbie’s previous accounting process involved transferring data, passing it through three sets of hands and forever creating Excel Spreadsheets.

Xero creates a competitive advantage

The growth of investment properties in New Zealand has created a growing and competitive market for property managers.

Debbie recognised that in a crowded market she needed to have a point of difference. By allowing anyone she chooses to access financial information, Xero has given her a competitive advantage in the property management sector.

Often Debbie would spend up to 20 hours a week on her books. Now, using Xero, she spends no more than five hours a week doing the books. And she loves it.

"Xero makes me transparent and creates trust," Debbie says.

"All I wanted was a simple accounting system for me and my clients. I looked around and couldn’t believe the nightmare packages that were out there. Someone recommended Xero to me, I trialled it and was hooked. It was so simple to use, I just set myself up and began using it across all five of my businesses."

"All my clients want is to save money, because they’re already paying me to look after their property they don’t want to pay any more than they have to. They’ve bought an investment property to make money; therefore I need to show them a strong accounting system behind my business to secure their investment."

"Working with spreadsheets, I never really knew what was going on. And I didn’t make any money by sitting at the computer for hours. Now I’m out there taking care of my clients’ interests and getting new business."

www.allureproperties.co.nz