BAS - Budget Administration System
Budget Administration System, or "BAS", is an operational tool for the commercial property manager designed for creating twelve-month budgets from the bottom up. At the main screen, annualized summary revenue and expense data are presented in an operating statement format; a click of the mouse takes the user to detail screens that provide the building blocks for lease-level budgeting. Revenues are budgeted from the lease level and expenses from an added level of detail called 'account category'. Portfolio and consolidation reporting facilitates the management review and approval process.
Budgeting
- Perform data entry only once into the detail screens and the data is automatically updated on the main screen
- Budget everything from capital expenditures and tenant improvements to leasing commissions
- Allows for different budget versions for each budget year and type
- Performs straight-line calculations
- Processes management fee expense
- Calculates common area expense (recovery) adjustments
- Transfers Budgeted escalated recurring charge log records back to Sage Timberline Office.
- Word Merge function allows for custom escalation letters and or statements
- Finalized budgets can be imported directly into Sage Timberline Office's General Ledger for variance reporting purposes
Re-forecasting
- Generate re-forecasted budgets based (copied) on previous budget year and type combined with actual expenditures based on a user-defined time period
- Re-forecasted budgets include all Sage Timberline Office leases
- Leases set up and maintained in the Lease Administration System (LAS) are available to be included in the budget or re-forecast
Ease of use
- Access to data can be restricted by assigning users to groups of properties
- View or copy expenses from previous budgets or prior year actuals
- Define net cash flow screens and create custom reports
- Memos (narratives) available at various levels
- Allocate expenses from a complex of buildings to individual buildings
BAS is fully integrated with Sage Timberline Office's General Ledger and the Lease Administration System. BAS also integrates with Sage Timberline Office Residential Management system. Budget data can be easily imported into Sage Timberline Office's Investment Management module for cash flow forecasting and valuations.
Click here to view a brochure on BAS
