g Revenue Edloe Garage in Houston, Picture by Russ Andorka
mended by your parking company tracked; and then ensure that the bill actually sent to your tenant is accurate when com- pared with the lease or Parking Abstract. When errors are found, you must make sure the parking
company follows up and invoices are corrected the following month. And don’t forget the minor details. For example, if a tenant returns a key card for a priormonth, the credit is based on the terms for the prior month, rather than the current month. Once you’ve established your process, remember to
check your aged receivable report monthly and make sure your parking company accounts for all billable key cards each month (known as “key Card Reconciliation”). Typically, this information is found in yourmonthly parking report. If it is not in your report, ask for it. There should be no extra charge. Although parking revenue seems simple on the surface, it
is a more complex formula than any other revenue line item on a building’s income statement. Unfortunately, it receives the least attention. Until recently, the parking industry has been without a
simple solution, one that doesn’t takemonths to start and con- tinuous hours of effort to maintain. After years of waiting for an answer and research with many consultants, owners and property managers can now ensure accurate billing with the use of an electronicWeb-based system that very easily auto- mates the process forever. We strongly encourage you to get your process in order
so you can feel confident that “all” your revenue line items have been given proper attention. You also are guaranteed, based on recent statistics, to immediately increase your port- folio value.
Karinna Cassidy is with Acre Solutions. She can be reached at
kcassidy@acresolutions.com.
PT JANUARY 2009 • PARKING TODAY •
www.parkingtoday.com 29
AIMS U
AIMS Parking Management Solutions
www.edc-aim.com
niversity, Municipal, Hospital, Airport and Private Parking
Professionals throughout North America manage their parking operation with AIMS.
AIMS Ticket Management streamlines parking enforce- ment through automated billings, payments, voids, appeals, letter generation, and reporting.
Choose from one of our AIMS Ticketer Ensembles for on-street ticket issuance and electronic tire chalking with automated ticket upload to AIMS or your in-house parking management software.
AIMS Permit Management simplifies permit issuance, payments, and invoicing. AIMS maintains lot and permit inventories, multiple waiting lists, generates custom correspondence, and provides detailed reports.
AIMS Web+ is your complete solution for online permit registration, ticket appeals and payments with complete parking account review. Our e-commerce solution is designed to enhance your customer service while reducing office traffic.
AIMS is available for use with Oracle or MS SQL databases and integrates with your R/O lookup agency, DMV, collection agency, gate arm software, SCT Banner, PeopleSoft, custom finance packages, print shops, and cashiering software.
Customer Service and User-Friendly products drive University – Municipal – Hospital – Airport – Private Operators to AIMS.
Visit
www.edc-aim.com for more information.
Contact us at
sales@edc-aim.com or 800.886.6316 to book a product tour.
EDC Corporation ELECTRONIC DATA COLLECTION CORP.
EAST COAST 13 Dwight Park Drive Syracuse, New York 13209 70Wakelin Terrace
St. Catharines, Ontario L2M4K9 (905) 931-4085 | Fax: (905) 931-4086
WEST COAST 42196 Roanoke Street Temecula, California 92591
800-886-6316 | Fax (315) 706-0330 877-277-6771 CANADA
www.edc-aim.com sales@edc-aim.com
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