Sumi for real estate
Accounting for estate agents, property managers and developers.
Rent, service charge, commission and caution fees in the right places, including money you collect for landlords.
Estate agents, property managers, developers, landlords.
Built for how real estate businesses work.
Landlord money kept apart
Rent you collect for landlords is a liability, not income, until you pay it over.
Deposits and rent in advance
Caution fees and rent paid upfront are held correctly and released as they're earned.
Rent reminders
Annual rent and service charges invoice on schedule, with polite reminders before and after the due date.
Projects for each property
See income and costs per estate, building or development.
Ready the moment you sign up.
Choose “Real estate” when you set up and Sumi creates all of this for you. Change any of it later.
- Rent, service charge, commission and property sales income
- Tenant deposits, rent paid ahead and landlord money kept as liabilities
- Property under development as an asset
- Dashboard: rent collected and rent outstanding
- Payroll with PAYE, pension and NHF, and invoices your clients can pay by transfer
Accounts added for real estate
- 1180 Property under development
- 1520 Investment property
- 2260 Tenant deposits and caution fees
- 2270 Rent received in advance
- 2280 Rent collected for landlords
- 4600 Rental income
- 4610 Agency and letting commission
- 4620 Service charge income
- 4630 Property sales
- 5700 Facility maintenance and repairs
- 5710 Cost of property sold
Starter items you can edit
- Annual rent, 2-bedroom flat ₦3,500,000 per year, no VAT
- Service charge, yearly ₦600,000 per year
- Agency fee ₦350,000 per letting
Plus a full chart of accounts: bank and cash, receivables and payables, VAT and WHT, payroll, equity and overheads.