Real Estate Accounting – Month End Closing Process Snapshot [Infographic]

Month End Closing Process Snapshot Real Estate Firms

 

A representative month end closing process snapshot for Real Estate firms managing their portfolio in Yardi, Appfolio, OneSite (RealPage) and MRI.

Client Type

Multi-family Residential/Student Housing

Accounting Software

Yardi (Genesis and Voyager), Appfolio, MRI

Accounting System

Accrual Based Accounting with PO based AP System. AP processed at site level with utilities being processed at OHI end. The same process with some minor changes would be valid if AP is also processed at OHI end. Move-Ins and Move-outs handled from site end.

Technology

Accounting Software accessed via web-login or remote desktop connection (for server-based versions), files and data are saved in Dropbox/OneDrive/Google Drive/ Shared Work Folders on client servers

Key Activities Month End Closing Process

Brief Description Month End Closing Process

About

OHI is a fifteen-year-old real estate services company working with 50+ commercial and residential real estate developers, funds and property management companies across USA. Our deep expertise in real estate accounting, financial analysis, lease administration and asset management has helped clients cut associated costs by 40-50%. We currently provide these services to a portfolio of 75000 units across clients.

We invite you to experience finance and accounting outsourcing through us.

Low Cost Property Accounting Services for Residential and Commercial Real Estate Firms:

AP | AR | Reconciliations | Month End Closing | Financials | Year End Accounting | Reporting