Property accounting that's already in the ledger

No. RIOO uses NetSuite's general ledger rather than replacing it. Property workflows such as rent billing, receipts, deposits, vendor bills and recoveries post to it directly as NetSuite transactions, so there is no second ledger, no summary journal and no reconciliation between property and corporate books.

Yes. Tenants pay online through the RIOO portal using connected payment gateways such as Cardknox, AsiaPay and Cybersource, by bank transfer or card, including autopay. Each payment is a NetSuite customer payment applied to the tenant's open charges and posted to bank and receivables accounts automatically.

Yes. RIOO supports shared costs and recoveries, allocating expenses across properties, units or cost centres by configurable rules, and billing tenants their share as estimates and year-end reconciliations. The recoverable expenses come straight from NetSuite, so recoveries reconcile to the general ledger.

RIOO handles depreciation through NetSuite Fixed Asset Management, where your account uses it. Buildings, improvements and equipment are fixed asset records linked to the property, depreciated on the methods and lives you set, and posted to the ledger each period, so property results include depreciation without a separate schedule.

No. RIOO uses NetSuite's accounting, including the general ledger, receivables, payables, banking and financial reporting, and adds property records and workflows on top, such as properties, units, leases, work orders and portals. Finance keeps one NetSuite system, controls and close process for property and corporate activity.

Yes. RIOO owner statements show income, expenses, management fees and distributions per owner and property for the period, drawn from NetSuite transactions. Third-party managers can share them through the owner portal or by email. Trust accounting rules vary by jurisdiction, so confirm the depth you need.

Yes. Because property and corporate transactions live in one NetSuite ledger, a single month-end close covers both. Rent, receipts, vendor bills and deposits are already posted, so finance reviews, accrues and reconciles once, with no waiting for a property system export or posting summary journals before the close can finish.

Yes. NetSuite reports on an accrual basis, recognising rent when it is billed and expenses when they are incurred, which suits lenders and auditors. Cash-basis views can also be produced for owners who want income and expenses as they were paid. Confirm the cash-basis reports you need.

Each property, entity or owner can use its own bank account in NetSuite, with receipts deposited and vendor payments made from the right account automatically. Bank reconciliation runs by account, so operators that need separate operating, deposit or trust accounts per property keep them cleanly separated.

Yes. Management fees can be calculated from collected income according to each management agreement, such as a percentage of rent received, and posted for each owner as part of the period close. The fee appears on the owner statement and in the manager's income.