- Create an Azibo property owner account.
- Add your properties to Azibo so you can assign accounting entries and transactions to properties, and run reports for specific properties.
- Azibo Accounting also supports reporting by portfolio, so organize your properties into groups that map to the way you want to report (e.g., one portfolio for each legal entity).
- Connect your bank and credit card accounts by using Plaid to automatically import your bank and card transactions. Note - if you use microdeposits to link your account, Azibo can not import your transactions.
- In the Bookkeeping section, categorize your imported bank and card transactions (see our Chart of Accounts for our out of the box comprehensive set of categories designed for property owners) and to specific properties.
- In Reports, go to Balance Sheet to enter your starting balances.
Now you’re all set! As you categorize and assign transactions, you will see the data in your reports update.
Now that you are familiar with the basics, here are some of the additional features that really turbocharge Azibo Accounting:
- Automate your accounting with rules.
- Split transactions for items like mortgage payments.
- Add journal entries for items like depreciation