Leo Software Press Releases

Leo Software Introduces Commercial Real Estate Accounting System Powered by QuickBooks

Rosemont, Ill., June 6, 2010 — Leo Software today introduced Leo Commercial Real Estate Accounting, a full-strength accounting solution built around the information management needs of the commercial real estate enterprise. The new product combines Leo's intuitive property-information management and reporting solution with a recognized leader in business accounting applications — QuickBooks.

Leo Software also announced a distribution agreement with Cornerstone Software of Illinois, Oak Brook, Ill., under which Cornerstone will sell and support Leo Commercial Real Estate Accounting to commercial property managers, leasing firms and brokerages. Cornerstone Solutions, an Intuit QuickBooks gold-level solution provider, sells accounting and business software to real estate and construction companies throughout the Midwest.

"For years, Leo Software has provided a better way to manage vacancies, increase building revenues and support effective decision-making," said Paul Muessig, president of Leo Software. "Now, we've harnessed the power of both QuickBooks and Leo to give the market what it's been demanding — the ultimate in commercial real estate accounting systems,"

Leo Commercial Real Estate Accounting delivers the data-management and reporting tools that have made Leo the choice for property information management systems, all seamlessly combined with the accounting power of QuickBooks.

Leo Commercial Real Estate Accounting automates the generation of rental invoices, by linking lease abstract data with invoicing. The application is easy to set up and easy to use.

Companies that already use QuickBooks software for accounting can easily integrate Leo into a system that makes property, asset and leasing data available to anyone who needs it.

"Typical accounting programs aren't built for the real estate enterprise. Neither are spreadsheets, databases and contact managers," Muessig noted. "Leo Commercial Real Estate Accounting gives you a way to use the power of QuickBooks within a software application designed specifically for running your commercial real estate business."

Leo Commercial Real Estate Accounting targets users of QuickBooks Pro, QuickBooks Premiere or QuickBooks Enterprise, offering versions for single users, groups up to four users, and enterprises requiring more than four user licenses.

Each version will provide all the essential accounting, reporting and management capabilities — including receivables, payables, income statement, balance sheet and general ledger — along with property-management functionality and on-demand reports such as rent roll, vacancies, expirations, options and lease abstracts.

"Leo Commercial Real Estate Accounting brings significant new value to commercial real estate enterprises that use QuickBooks accounting software," said Dom Pernai, president of Cornerstone Software. "The combination of Leo and QuickBooks is a game-changing information management and accounting solution for the commercial real estate industry."

For information on pricing and support for Leo Commercial Real Estate Accounting, call toll free 877-LEO-SOFT (877-536-7638), or visit www.leosoftware.net.

About Leo Software
Leo Software is a leading provider of management and accounting software solutions for commercial real estate enterprises. The company is headquartered in suburban Chicago.

About Cornerstone Solutions
Since 1985, Cornerstone Solutions has been the Midwest's leading provider of technology to both the construction and real estate marketplaces. Cornerstone's product range and industry knowledge allows the company to provide its clients with real solutions for their businesses. As a full-service solution provider, Cornerstone offers on-site consulting and classroom training through its experienced staff of consultants. The company has compiled a proven track record by successfully serving hundreds of Midwest-based clients. Learn more at www.corner-sol.com.