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Financial statements with Breek.gr 2.1 - The Ledger Update

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After the recent upgrade of Breek.gr to version 2.0 and as a further improvement of the web application based on discussions with our platform’s members, version 2.1 is now available. And its name is: “The Ledger Update “.

Version 2.1 of Breek.gr offers 3 new features:

  1. Analysis of financial statements for real estate properties, leases/concessions and tasks.
  2. Improved free-text search of financial transactions within their structured data.
  3. Automatic calculation of financial result on the Finances list.

Analysis of financial statements

The new ledger functionality extends the existing listing and filtering of financial transactions with a user interface familiar from any e-banking system, but at the same time even more user-friendly than the e-banking system of the bank you use. The ledger is accessible only to property managers and owners from the “View related β†’ Financials” option of each property, lease/concession and task options menu:

Access to the ledger of a property on Breek.gr

On this page Breek.gr displays a list of financial transactions related to this record, with the possibility of filtering. The available filters in this version are:

  • Presets (last 10 transactions, current month, last 30/60/90 days, current year, all transactions)
  • By month and by year, with the possibility to page-flip to previous/next periods.
  • Custom period, with a minimum or maximum date, or a combination of both.

The same applies not only to each property, but also to each lease/concession and task.

Example of a property ledger on Breek.gr

Full-text search within finances, and result calculation

Our goal is to free you from using Excel with many different files that you would need to combine by hand–especially since property management requires searching data with a lot of associations and a high degree of detail in each record. This makes spreadsheet management prohibitively complicated and error-prone, even for relatively small portfolios of properties under management!

Thus, in the Finances view it is now possible to search for financial transactions based on free text in fields beyond the transaction title. The search is now also applied to the structured data (payment method, amount, date, type, notes and future category/subcategory) of each transaction, so you can quickly find what you are looking for.

You don’t even need to change your keyboard language to Greek; you might as well start typing in “Greeklish”. Also, version 2.1 of Breek.gr now does something very simple but also useful: it automatically displays the totals of income and expenses, as well as the financial result of the displayed transactions. Obviously, you can still apply the side-filters for time period, task, tenancy/concession, and/or property.

For example, you can search for financial transactions paid in cash (search with the text “cash”) within the last 12 months:

Example of free-text search for financial transactions and application of filters on Breek.gr

Or something simpler, searching within the title: e.g., find all transactions with a title related to communal/shared expenses (search with the partial text “koino” in Greeklish):

Example of searching financial transactions with free text on Breek.gr

Via the icon next to the relevant record (RELATED TO column of the table) you have direct access to the financial statement analysis of that record.

Upcoming upgrades

Obviously, we won’t stop here; based on our discussions with platform members we already have new functionality and improvements in the works. Thus, in the next upgrade of Breek.gr, the financial transaction management will be extended with the following new functionalities, which are already under implementation:

  • Categorization of transactions corresponding to the existing categorization of tasks (type of work and specialization) with the possibility of applying corresponding filters.
  • Transaction grouping and further filtering by property, building/complex, transaction category/subcategory, owner, tenant and/or manager at the property portfolio level.
  • Display of graphs on the ledger to make it even easier to analyse income and expenses by category.
  • Export of financial statements in PDF format, optionally with the property manager’s company logo displayed, to showcase your brand towards owners/investors.
  • Automatic recording of changes to the details of each transaction, for improved traceability.

Also, free text search will be extended to all records on Breek.gr. You will soon be able to search e.g. with the text “air conditioning” in the list of Properties and find all properties with this registered heating method or an air conditioner in the inventory list of equipment and items of the property.

Apart from these upcoming features, we are in the planning phase for new functionalities of Breek.gr based on our discussions with members of the platform who are active in the development/construction/renovation of real estate, such as:

  • Grouping of tasks into projects, so that you can check the progress of groups of tasks (e.g., renovations) and make it available to owners/investors (see also our recent article ) at any time.
  • Automatic generation and sending of aggregated updates with rich text based on the events of the last few days using LLM models (such as ChatGPT).
  • Improvements to the Dashboard page to make Breek.gr your “second brain” and provide suggestions for outstanding issues beyond leases/concessions and tasks, such as reminding you incomplete property documentation, pending invitations from users, owners and tenants, and so on.

These are just a few of the upcoming improvements and upgrades until the “Real Estate Expo Greece” exhibition, which our team will be participating in for the first time.

What hasn’t changed

With all these improvements and new features, and many more that we continue implementing in the spirit of continuous improvement, the three cornerstones of Breek.gr remain stable.

1. Rich functionality for property management in Greece

Digital property folder , assignment to a property manager , utilities and meters , documents and multimedia , tenancies and concessions , financial transactions , tasks and requests , property inventory and warranties , property grouping in buildings and complexes , notifications and reminders .

All these functionalities remain active and available depending on the subscription tier of the property (Capture or Monitor ), and are now enhanced for greater usability.

2. A user-friendly working environment

Our concern is to make the property manager’s working life easier, and owners and tenants’ access to key information about their properties and tenancies more immediate than emailing, texting, or calling about everything.

Breek.gr’s user interface was designed from the ground up based on Breek.gr’s research with prominent property management professionals and real-estate firms in Greece. It works just as well on an iPad screen as on a 4K resolution monitor.

3. A flexible and affordable subscription model

When Breek.gr 1.0 became widely available for the first time in April 2024, the only subscription model was one per property .

Since then, and by paying attention to the needs of the market, we have created and now offer as an alternative the subscription model per user . The latter offers significant financial advantages to managers of larger property portfolios.

Our goal remains the same: the shared monthly cost of a Breek.gr subscription for a property manager should “disappear” within the manager’s income from each property, regardless of whether the manager’s service charge to the owner is a percentage of the rent (based on market knowledge) or an absolute price (typically many times higher than the monthly subscription for the property on Breek.gr).

Next steps

If you are already a member of Breek.gr, we thank you for your trust in our team and we will gladly receive your feedback and suggestions for improvement. You can contact our team at hello@breek.gr , or by calling or messaging using SMS, Viber or Whatsapp at the numbers that you can find below .

If you are not already registered on Breek.gr, don’t wait any longer. Register for free , receive your complimentary Free 4/1 trial subscription for one year (no strings attached) and list up to 5 properties with ease, knowing that Breek.gr is your trusted partner for simplifying property management in Greece.

Whether or not you are already a member: in the next Breek.gr updates we will continue to improve the web application. As a member, however, you get the opportunity to be informed about the improvements we already have in the plan for the next 3 to 4 months.

More news from our team are coming soon. Until then, we wish you a strong business as a Breek.gr member, whether property manager or owner!

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