{"id":2211,"date":"2020-12-11T20:11:57","date_gmt":"2020-12-11T14:41:57","guid":{"rendered":"https:\/\/blog.isocietymanager.com\/?p=2211"},"modified":"2023-08-03T15:56:12","modified_gmt":"2023-08-03T10:26:12","slug":"best-billing-practices-in-commercial-real-estate","status":"publish","type":"post","link":"https:\/\/factech.ai\/blog\/best-billing-practices-in-commercial-real-estate\/","title":{"rendered":"Best Billing Practices in Commercial Real Estate"},"content":{"rendered":"<div><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2213 size-medium\" src=\"https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/12\/dd-300x157.jpg\" alt=\"billing-real estate\" width=\"200\" height=\"105\" srcset=\"https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/12\/dd-300x157.jpg 300w, https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/12\/dd.jpg 310w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/div>\n<div><\/div>\n<h1>Best Billing Practices<\/h1>\n<div class=\"first-sentence-half\"><span style=\"font-size: 17px;\"><span class=\"nd-word\">Sometimes,\u00a0<\/span><span class=\"nd-word\">utilities\u00a0<\/span><span class=\"nd-word\">are\u00a0<\/span><span class=\"nd-word\">the\u00a0<\/span><span class=\"nd-word\">biggest\u00a0<\/span><span class=\"nd-word\">controllable\u00a0<\/span><span class=\"nd-word\">operating\u00a0<\/span><span class=\"nd-word\"><span class=\"nd-word\">cost of a property, and the effect is not small. You will stop leaving money on the table by seeking the best solution for handling service expenses.<\/span><\/span><\/span><\/div>\n<div class=\"first-sentence-half\">\n<div><\/div>\n<div class=\"first-sentence-half\"><span style=\"font-size: 17px;\"><span class=\"nd-word\">To\u00a0<\/span><span class=\"nd-word\">help\u00a0<\/span><span class=\"nd-word\">control\u00a0<\/span><span class=\"nd-word\">prices,\u00a0<\/span><span class=\"nd-word\">many\u00a0<\/span><span class=\"nd-word\">real\u00a0<\/span><span class=\"nd-word\">estate\u00a0<\/span><span class=\"nd-word\"><span class=\"nd-word\">organizations prefer energy billing over absorbing flat utility charges. In addition to reducing actual consumption, this strategy will boost your bottom line by collecting more of the costs from tenants, particularly as you streamline internal processes for more accurate and effective billing.\u00a0<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div>\n<div class=\"first-sentence-half\"><span style=\"font-size: 17px;\"><span class=\"nd-word\">But\u00a0<\/span><span class=\"nd-word\">without\u00a0<\/span><span class=\"nd-word\">being\u00a0<\/span><span class=\"nd-word\">utility\u00a0<\/span><span class=\"nd-word\">experts,\u00a0<\/span><span class=\"nd-word\">property\u00a0<\/span><span class=\"nd-word\">managers\u00a0<\/span><span class=\"nd-word\">have\u00a0<\/span><span class=\"nd-word\">plenty to do, so most search for a solution to support.<\/span><\/span><\/div>\n<div><span style=\"font-size: 17px;\">There are three basic options: Keep it in-house with spreadsheet calculations or by charging flat rates, find a point solution provider that specializes in stand-alone utility billing or leverage a system that\u2019s built into your existing core property management and accounting platform.<\/span><\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><span style=\"font-size: 17px;\">Companies like <strong>FACTECH AUTOMATION SOLUTION<\/strong> offer enterprise billing system called <strong>iBill<\/strong>.<\/span><\/div>\n<div><span style=\"font-size: 17px;\"><strong>iBill &#8211; Intelligent Invoicing is the Simplest Billing &amp; Invoice Manager<\/strong> for Malls, Corporate Parks, Commercial Real Estate. It has various highly useful features which make the billing process in commercial real estate a lot easier. The features are as follows:<\/span><\/div>\n<div><\/div>\n<h3><strong><span style=\"font-size: 17px;\">Bill plans as per your need &#8211;<\/span><\/strong><\/h3>\n<ul>\n<li><span style=\"font-size: 17px;\">Maintenance<\/span><\/li>\n<li><span style=\"font-size: 17px;\">Electricity<\/span><\/li>\n<li><span style=\"font-size: 17px;\">Rental<\/span><\/li>\n<li><span style=\"font-size: 17px;\">Provisional billing<\/span><\/li>\n<\/ul>\n<h3><strong><span style=\"font-size: 17px;\">Tariff table &#8211;<\/span><\/strong><\/h3>\n<ul>\n<li><span style=\"font-size: 17px;\">You can define rates as per your requirement<\/span><\/li>\n<li><span style=\"font-size: 17px;\">You get Customizable slabs as per category level<\/span><\/li>\n<li><span style=\"font-size: 17px;\">Day Wise or Cycle Wise Billing<\/span><\/li>\n<li><span style=\"font-size: 17px;\">\u00a0Availability of different Options like One Time, Recurring, Advance<\/span><\/li>\n<\/ul>\n<h3><strong><span style=\"font-size: 17px;\">GST, TDS, VAT &#8211;<\/span><\/strong><\/h3>\n<ul>\n<li><span style=\"font-size: 17px;\">You get a GSTR Report<\/span><\/li>\n<li><span style=\"font-size: 17px;\">\u00a0You can define GST Rates, SAC Code, etc. at Charge Level<\/span><\/li>\n<li><span style=\"font-size: 17px;\">Get IRN Code embed in the Tax invoice automatically<\/span><\/li>\n<li><span style=\"font-size: 17px;\">You can receive TDS Reports in a single click<\/span><\/li>\n<\/ul>\n<h3><strong><span style=\"font-size: 17px;\">Outstanding and dues &#8211;<\/span><\/strong><\/h3>\n<ul>\n<li><span style=\"font-size: 17px;\">Accounts Receivable Aging<\/span><\/li>\n<li><span style=\"font-size: 17px;\">\u00a0You get the facility of receiving Auto Due Reminders<\/span><\/li>\n<li><span style=\"font-size: 17px;\">You also get the facility of getting a detailed Defaulters&#8217; List<\/span><\/li>\n<li><span style=\"font-size: 17px;\">You can attain collection status at any point of time<\/span><\/li>\n<\/ul>\n<h3><strong><span style=\"font-size: 17px;\">Integrated Billing &#8211;<\/span><\/strong><\/h3>\n<ul>\n<li><span style=\"font-size: 17px;\">Integration with your ERP<\/span><\/li>\n<li><span style=\"font-size: 17px;\">SAP integration<\/span><\/li>\n<li><span style=\"font-size: 17px;\">Tally ERP integration<\/span><\/li>\n<li><span style=\"font-size: 17px;\">Auto Posting to ERP both on demand and real time<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 17px; font-family: 'arial black', 'avant garde';\"><em>iBill keeps you updated regarding GST &amp; TAX, Different tariffs, Collections, Account receivables.<\/em><\/span><\/p>\n<p><span style=\"font-size: 17px;\"><strong>&#8211; With the facility of Enterprise billing you get :\u00a0<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-size: 17px;\">Easy Navigation<\/span><\/li>\n<li><span style=\"font-size: 17px;\">A Well managed Dashboard<\/span><\/li>\n<li><span style=\"font-size: 17px;\">A Role-based Dashboard<\/span><\/li>\n<li><span style=\"font-size: 17px;\">Tabular Format Details<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 17px;\">&#8211; With the help of all the above features, the <a href=\"https:\/\/isocietymanager.com\/contact-us.html#form?req=demo&amp;from=www\">practice of billing tenants<\/a> in commercial real estates becomes much easier. The innovative features like these simplifies the entire process.<\/span><\/p>\n<p><span style=\"font-size: 17px;\"><em>To know more about this service provided by Factech Automation Solution please visit- <a href=\"https:\/\/factech.co.in\">factech.co.in<\/a><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div><\/div>\n<div class=\"first-sentence-half\">\n<div>\n<div class=\"second-sentence-half\"><\/div>\n<\/div>\n<div class=\"second-sentence-half\"><\/div>\n<\/div>\n<div class=\"second-sentence-half\">\n<div class=\"second-sentence-half\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Best Billing Practices Sometimes,\u00a0utilities\u00a0are\u00a0the\u00a0biggest\u00a0controllable\u00a0operating\u00a0cost of a property, and the effect is not small. You will stop leaving money on the table by seeking the best solution for handling service expenses. To\u00a0help\u00a0control\u00a0prices,\u00a0many\u00a0real\u00a0estate\u00a0organizations prefer energy billing over absorbing flat utility charges. In addition to reducing actual consumption, this strategy will boost your bottom line by collecting more<\/p>\n","protected":false},"author":13,"featured_media":2213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[1071,1069,1072,1073,1070],"post_folder":[],"class_list":["post-2211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-billing","tag-commercial-property-bill","tag-commercial-real-estate-billing","tag-commercial-real-estate-erp","tag-gst-billing-for-commercial-properties","tag-shoppin-mall-invoicing"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Best Billing Software and GST Invoicing Software in India<\/title>\n<meta name=\"description\" content=\"Factech provides best billing software and GST invoicing software in India. 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