The Beauty of Add-On Accounting

comet.io
3 min readJul 26, 2016

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Comet is a cloud platform for property managers, landlords, owners, letting agents & real estate investors with all the features you need to manage & lease your properties. Nothing to install, free upgrades, automatic backups and 3 free properties forever.

There is a new way of designing vertical market software and it has evolved from cloud computing. With our applications in the cloud we can now “link & sync” them. Cloud Property Management and Add-On Cloud Accounting.

Accounting is complex, it is a specialisation. So how easy is it to build and support an accounting system when your expertise is something else? Consider all the Property Management systems designed and built before the cloud arrived. Each one has tried to create it’s own accounting system or some subset thereof. The developers that created it have probably long gone. Those that now support it, and fix it, have little understanding of accounting, double entry, debits, credits, a trial balance, bank reconciliation, or general ledger journals and reversals - just to name a few endearing accounting terms.

All the CTO’s will tell you cloud computing is the future. If you are not using cloud Property Management then you should be looking at how you will move to the cloud.

My background is years of implementing computerised accounting systems. Single user systems, multi user systems, and SAP R/3 Financials. I also experienced vertical market software with integrated in-house accounting systems. My advice, move away from any vertical market application with integrated in-house accounting, even a cloud system. Go for Add-On.

Our low pricing plans reflect the new reality. We don’t need to invest resources into designing, building, and supporting an accounting system. All our resources go into developing a great Property Management cloud application. Our Add-On partner Xero operates in the UK, USA, Australia, New Zealand, Canada, South Africa and others. They will take care of the accounting and accounting support. Payment processing and taxes in all these countries. They have teams of experienced people and years of development into their best of breed cloud accounting product. The ‘link & sync’ between cloud applications will grow and features, functions, checks, and balances will continue to get better and go deeper.

A huge bonus out of all this is the price you pay for an end to end property management solution. Comet Property Management (unlimited properties) with the Xero accounting Add-On will be about €60 a month. (Nothing to install, free upgrades, and automatic backups). What do you pay now?

Comet is in a much bigger marketplace than our competitors due to our multiple languages, and has a huge diversity of customers. For that reason, we have the most competitive pricing plans out there.

Cheers from the Comet Team, contact us at hello@comet.io

Note: we have been approved to use the Xero Add-On logo and will announce by follow up post when our logo appears on the Xero web site.

Note: We can sync to any foreign language cloud accounting system, contact us at hello@comet.io

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comet.io

A property management platform for the future. Serving the needs of property managers, landlords, owners, letting agents, and real estate investors everywhere.