Property Management Accounting
Property management accounting covers the full set of financial tasks a property management company needs to stay accurate and compliant — trust account reconciliations, owner statements, monthly financial reporting, and a chart of accounts built for multiple properties and owners. It’s more specialized than general small-business bookkeeping, since owner funds, trust liabilities, and operating expenses all have to be tracked and reported separately. The articles below walk through the day-to-day mechanics — reconciliations, financial statements, software, and the compliance rules behind them. For a done-for-you option, see Property Ledger’s property management accounting service, built specifically for property management companies.
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Year-End Accounting Checklist for Property Managers
December gets busy fast, and a rushed close in the last week of the year is how property management companies end up missing a…
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Cash Basis vs Accrual Accounting for Property Management: Which One Fits Your Business
One of the most foundational decisions a property management company makes, often without realizing it is even a decision, is cash basis vs accrual…
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The Accounts Payable Process for Property Management Companies, Explained
A property management company can easily process hundreds of vendor invoices a month across a portfolio of any real size, and without a documented…
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The Best Rental Property Management Software for Landlords—and Where a Bookkeeper Still Comes In
Landlords managing anywhere from a handful of units to a sizable single-family portfolio eventually reach the same fork in the road: keep juggling spreadsheets,…
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Free Property Management Software: What It Can (and Can’t) Do for Your Books
Searching for free property management software is a completely reasonable first move for a new landlord or a small management company watching every dollar…
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Commercial Property Management Accounting Software: What to Look for Before You Buy
Commercial portfolios run on a different rhythm than residential rentals – percentage rent, CAM reconciliations, lease escalations – and choosing the wrong platform means…
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What Does a Property Management Bookkeeper Actually Do?
The title property management bookkeeper gets used loosely, and a lot of property managers are not entirely sure what the role actually covers versus…
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HOA & Condo Financial Statements: What Boards Should Review Every Month
Discover the essential monthly financial statements every HOA and condo board must review, plus red flags to spot and best practices for financial oversight.
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What Is Outsourced Accounting and How Does It Work for Property Managers?
Outsourced accounting gives property managers, HOAs and condo boards a full-service accounting team without the overhead of in-house staff.
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Why Clean Reconciliations Matter in Property Management Accounting
Clean bank reconciliations property management is what keeps small errors from becoming month-end surprises. Property Management Accounting · Reconciliation Fundamentals Why Clean Reconciliations Matter…