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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In-House Bookkeeper vs. Outsourced Accounting for Property Management: How to Decide
In-house bookkeeper or outsourced accounting? Compare real costs, trust compliance risks, and decision factors for property managers, landlords, and investors.
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Owner Statements Explained: The 5 Essential Parts Owners Look For
Owner statements explained: the five essential parts of a clear owner statement, the mistakes to avoid, and how great managers keep owners informed.
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Property Management Financial Statements Explained: A Clear Guide
Property management financial statements are the monthly reports — typically a balance sheet, income statement, cash flow statement, and owner statement — that show…
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Month-End Closing Checklist for Property Managers: A Practical Guide
A month-end close in property management is the process of reconciling every operating and trust account, posting all rent and expenses, and finalizing owner…
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Property Management Trust Accounting: A Step-by-Step Reconciliation Guide
Few responsibilities in property management carry as much weight as handling money that belongs to someone else. When you collect rent, hold security deposits,…