Financial Reporting

Property Management: Financial Management

Financial transparency and accurate accounting are a key component to successful property management. Our clients trust in our services grows each month as they become increasingly confident in the accuracy of our financial reporting. Accounting is done using the accrual method.  Operating and reserve income and expenses are tracked separately. Monthly financial reports include the following:

  • Income Statement with Budget vs. Actual comparison
  • General Ledger Trial Balance – Listing each invoice and expense for the month
  • Balance Sheet
  • Bank Account Check Registers
  • Bank Account Reconciliation
  • Accounts Receivable / Homeowner Balance Aging
  • Accounts Payable / Vendor Balance Aging
  • Bank Statements with Check Images
  • Copies of All Invoices Expensed in Current Month

See Sample Financial Statement

See “How to Read Financial Statements Guide”