Prepare schedules of month end utility, expense accruals and prepaid expense amortizations, management fee calculations and inter company accounting
Operating and security deposit bank account reconciliations, tax, insurance, mortgage insurance and replacement reserve reconciliations
Updating fixed asset register with new asset additions, dispositions and write-offs for property including to the unit (apartment) level
Comprehensive monthly financial reporting packages including actual-budget variance analysis for revenues and expenses
Comprehensive rent roll analysis of a property for buyers covering financial analysis, tenant analysis, location review among others
Financials, leasing reports, property management executive summaries and other reports with respect to the property, borrower and guarantor
Prepare software transition plans, set-up chart of accounts/tenant accounts/vendors, 2 way/3 way GL and bank reconciliations and handle accounting migration
Clearing backlog of un-posted historic transactions, correction of existing miscoded GL entries, clean-up of chart of accounts and reconciling historic accounts with bank, credit card etc
Lease Abstraction | Lease Entry | Lease Administration | Lease Audit | Lease Review | CAM Reconciliation
Property & Portfolio Level Dashboards | Hold vs Sell Analysis | Cash Flow Projections | Asset Level Budgets
Rent Roll Analysis | Financial Analysis | Market Research | Cash Flow Modeling | Hold Vs Sell Analysis
Maintenance Support Services | Document Management | Insurance Management-Renewals and Claims | Marketing Support
The indicative standard charges for Accounts Payable Specialist, Accounts Receivable Specialist and Property Accountant roles are listed below. Custom packages of 25, 50 and 80 hours per month are available.
Accounts Payable Specialist can perform activities such as 2 Way/3 Way matching of invoices with POs and GRs/Packing Slips, entry of invoices and utilities, coding of expenses, entering checks for further approval, tracking payables, vendor reconciliations and other miscellaneous accounts payable activities.
Accounts Receivable Specialist typically can perform activities such as invoicing, running rents (for real estate cos.), tenant/customer set-up and accounting, late fee processing, rent receipting/cash application services, tracking receivables, email and call based collection support, and miscellaneous accounts receivable tasks.
Clearing backlog of un-posted historic transactions, reconciling historic accounts with bank/vendor/customer statements, and bringing books upto date.
Clean-up of chart of accounts including removing redundant accounts, updating vendor, customer and inventory lists, and correction of existing miscoded invoices, GL entries etc,.
Accounting software transition including set-up of lists, mapping new to old chart of accounts, posting transactions in parallel runs, and 3 Way Reconciliations between Old Vs New Vs Statements.
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