How to Add, Edit, and Use Cost Centers in FalconPro Real Estate Software Introduction In FalconPro Real Estate Software, cost centers are used to categorize expenses and revenues for accurate financial tracking. Cost centers are structured in a tree format, where a parent cost center can have multiple child cost [...]
How to Adjust a Receipt from Another Contract in FalconPro Real Estate Software Introduction In FalconPro Real Estate Software, users may need to move payments between contracts when a tenant has multiple contracts and wants to transfer part of a payment from one contract to another. This is done using [...]
Managing Fixed Assets and Depreciation in FalconPro Real Estate Software Introduction Managing fixed assets efficiently is essential for accurate financial reporting in FalconPro Real Estate Software. FalconPro allows users to: ✅ Create and categorize fixed assets (e.g., cars, laptops, buildings). ✅ Track asset purchase values and depreciation schedules. ✅ Automatically [...]
How to Use Credit Notes and Debit Notes in FalconPro Real Estate Software Introduction In FalconPro Real Estate Software, credit notes and debit notes are essential tools for correcting financial transactions. A credit note is issued to a customer when a refund or adjustment is required, while a debit note is used for supplier [...]
How to Set Up and Manage Opening Balances in FalconPro Real Estate Software Introduction Setting up opening balances correctly is essential for accurate financial reporting in FalconPro Real Estate Software. The system provides two methods to manage opening balances: Using the Open Balance Module (for direct balance entry). Using Journal Vouchers [...]
How to Change Contract Status in FalconPro Real Estate Software Introduction FalconPro Real Estate Software now offers a streamlined way to change contract status, removing the need for manual approval requests. Users can: ✅ Change a contract status from “Terminated” to “Draft” if terminated by mistake. ✅ Reactivate contracts without [...]
How to Replace and Cancel a Cheque in FalconPro Real Estate Software Introduction FalconPro Real Estate Software provides a structured way to manage cheque replacements when tenants pay in partial installments. This feature ensures that: ✅ Old cheques remain recorded while the tenant makes payments in parts. ✅ Receipts are [...]
How to Set Default Templates for Receipts, Client Invoices, and Payment Vouchers in FalconPro Real Estate Software Introduction In FalconPro Real Estate Software, users can configure and set default templates for: ✅ Receipts ✅ Client Invoices ✅ Payment Vouchers These templates allow businesses to customize financial documents by: Showing or [...]
How to Update Contract Owner, Client, and Property Details in FalconPro Real Estate Software Introduction In FalconPro Real Estate Software, leasing contracts store details such as: ✅ Owner (First Party) Name ✅ Tenant (Second Party) Name ✅ Building and Unit Name However, changing these details in the contact or property [...]
How to Manage Old Rent Collections in FalconPro Real Estate Software Introduction When transitioning to FalconPro Real Estate Software, some businesses may have outstanding rent payments from tenants before system implementation. Since these payments are related to contracts not recorded in FalconPro, a special accounting method is required to ensure [...]
