Expense Management?!

We’ll do all this:

Vendor
Payments

Investor Distributions

Mortgage
Payments

Bank Draw Processing and Tracking

Invoice
Processing

Insurance
Payments

Reimbursement
Processing

Payroll

All You Need To Do? Click to Approve

We'll Handle the Rest

We’ll
Procure

We set up all your invoices to be sent directly to Terra, just like a regular back-office.

We’ll
Upload

We’ll upload all your invoices to the platform and unpack it with our detailed GL coding.

We’ll Get On-site Approval

We’ll send the invoices to the onsite management team for approval, according to your
custom workflow.

We’ll Send You a Check Run

We’ll send you a report with the invoices pending payment. You just scan your current balance and check off which invoices to pay now.

We’ll
Pay

We’ll submit on-time payments, whether it's via credit card, ACH, or virtual payments.

We'll
Follow-up

We’ll handle all vendor inquiries directly, and we’ll do it with the the same care and professionalism as you do.

We’ll Procure

We set up all your invoices to be sent directly to Terra, just like a regular back-office.

We’ll Upload

We’ll upload all your invoices to the platform and unpack it with our detailed GL coding.

We’ll Get On-site Approval

We’ll send the invoices to the onsite management team for approval, according to your
custom workflow.

We’ll Send You Check Run

We’ll send you a report with the invoices pending payment. You just scan your current balance and check off which invoices to pay now.

We’ll Pay

We’ll submit on-time payments, whether it's via credit card, ACH, or virtual payments.

We'll Follow-up

We’ll handle all vendor inquiries directly, and we’ll do it with the the same care and professionalism as you do.

And just like that, we shrunk your
accounts payable workload from tens of hours to literally seconds per week

IT’S NOT JUST THE CONVENIENCE

Get Perfect Tansparency on All
Past Expenses

Custom Workflows

Transform your modus operandi from isolated tasks to custom-built workflows that link every part of your process. And get the transparency that comes when everything is easily trackable.

Now you can easily follow the trail from a financial report, to an invoice, to a purchase order – even to the work order. And with Terra, that’s just a start.

Detailed GL Coding

We’ll unpack your invoice and classify every line with comprehensive GL coding. Now you can drill down and get perfect clarity on where your money’s going–and where to cut costs.

Quickly identify money leaks

Break down your invoice per unit

Enjoy detailed and flexible reporting

Approval Workflows

Your business is unique. That’s why we’ll set-up custom approval workflows that ensure the right people are approving the right invoices at the right time. (Without manually entering data. Without manually sending email reminders. Without training each manager on who they should send different types of invoices to.)

Payroll

Your payroll needs to be broken down and incorporated into your costs, just like any other expense. We handle it all, down to tagging it by employee, attaching it to the correct unit, and categorizing it within the correct GLs. This level of detail means you’ll be able to pull specific data reports and see your payroll organized however you need it, whenever you need it.

Tax filings

Time-clock and PTO

HR policies

Accurate allocation

Payroll processing with ADP

Efficient workflows and processing

And Eliminate Surprises that
Derail Your Budget

Advanced Cash Management

With our live cash management built into the Check Run, you’ll be able to see exactly how these payments will impact your budget in real-time

Advanced Forecasting

Is the money in my account my bottom-line profit? Do I have the budget to go ahead with this purchase, or do I need the money for a tax payment coming up next month? How much money should I distribute to my investors?

Hard question. Easy answers. That’s because we keep track of all upcoming expenses + your spending history and take that all into account when creating your budget. So you’ll know exactly how much of the money in your account is profit, and how much is pre-allocated for upcoming expenses.

Budget Visibility

With the advanced budget view, you can easily see every.last.open.expense related to your property–even if you haven’t been invoiced yet.

You’ll always know what’s coming up and you’ll be able to make confident budgeting decisions off accurate data that factors in both current and upcoming payments.

Get what you need, when you need it.
Without reaching out once.

INVOICE DASHBOARD

Less Searching.
More Doing

Find the exact invoice you’re looking for in seconds. Download or email it with just a click. Because with Terra, it’s just plug n’play.

See invoice status in real time with milestones

Filter invoices by invoice number, date received, property, due date, pending approval and more

INDIVIDUAL INVOICE BOARD

Down to the cost / gallon of paint.

That detailed. We start with breaking it down by GL (we’ll specify the unit its attached to). Link it to the PO. And include any callouts with Terra Notes.

Link to PO

Email vendor

Approve invoices

Mark down notes for yourself or Terra directly on invoice

Need This Yesterday? We’re On It.

Just fill out the form with curated questions, so we’ll have everything we need. Submit. Done.
You’ll get a follow-up notification letting you it’s been completed. And you can track all your requests in real-time on TerraDesk.