Property Management Accounting

Accounting Concepts in Real Estate, LLC (ACRE) provides 30+ years of experience devoted to the Property Management industry. Our extensive knowledge of Property Management allows us to help clients take care of their public or privately held investments. We service office, medical, retail, industrial and residential/HOA investments. We offer outsourced accounting support services. Services range from the day to day operations to the complex transactions of Property Management. During times of increased cyclical workloads, successful growth of your company, temporary assistance or in the need of a consistent partnership we can help our clients successfully manage their accounting needs.

We can perform accounting for the following industries:

  • Office/Commercial
  • Residential/HOA
  • Industrial
  • Retail
  • Medical

Financial Report Services

Financial statement preparation
Financial statement reviews
Cash or Accrual reporting
Public (REITS) or Private investments
PDF reports for electronic storing – Adobe
Recording & calculating depreciation
Organization and tracking due dates
Prepare/Review variance reports
Distribution calculations
Download our financial Report Package example. We can customize the reporting package to fit our clients’ needs.

Day to Day Operations

Accounts Payable – Coding, entry, checking printing
Accounts Receivable – Tenant billing, cash entry, collections
Mortgage payments – tracking of principal/interest
Leases- Prepare/Review lease abstracts, data entry
Bank reconciliations
Management Fee calculations
Property Manager/Engineer salary billing
Broker commission calculations

Softwares

 

ACRE provides its own license of Yardi Genesis 2 for clients that elect to use this accounting software
QuickBooks-Client secured access to QuickBooks
High level knowledge of Timberline
High level knowledge of Yardi
High level knowledge of MRI
Security is high priority for ACRE’s clients – we’ve selected software that meets these high demands

Financial Planning & Analysis

Budget preparation or reviews
Strategic Planning – preparation of 5-year forecast
Track capital projects – Building and tenant finish, TI allowances
ROI – Building and tenant valuation
Prospect tenant financial review

Operating Expense Services

CAM reconciliation preparation (NNN, Base Year, Gross, Caps, etc)
CAM reconciliation reviews
Tenant annual operating expense audits

Staffing Support

Temporary help at Accountant level
Interim Accounting Manager/Controller services

Consulting/Training

Train staff on CAM reconciliations
Train staff on lease language
Train staff on financial reporting
Train staff on day to day operations

Projects/Overflow

Property setups
Recording of property sales (buyer or seller)
Internal control reviews
Procedure writing

Annual Services

1099 Processing
Preparation of financials to CPA for tax returns
Year-end closing

Take this with you

Take all of this information on the go with our downloadable brochure: Download here