How Our AppFolio Accounting Services Work
We review your AppFolio account
Upon receiving Accountant access to AppFolio, we will begin by getting a complete understanding of your business and what the current issues are. We’ll make sure the account is setup correctly, complete any necessary catch-up bookkeeping, and audit tenant/owner statements to ensure accuracy.
We complete your AppFolio bookkeeping
Once AppFolio is accurate for your business, we start our monthly AppFolio bookkeeping and reconciliation work on the current transactions. We will create a finance calendar specific to your business, streamline accounts payable processes, categorize each transaction, and make sure every bank account is reconciled each month.
We send distributions and reports
Audit ready financials statements and monthly reporting lets you easily stay on top of your company financials and ensures all Trust account laws are strictly followed. If you need help with distributions, we can prepare owner and management distributions on a monthly basis.
REA is exactly the company and service we were looking for in our accountant. Real estate experts, ability to use our current technology stack, and honest, straight-forward pricing.
Property Management Services Offered
- Monthly bank reconciliation
- Accurate transaction categorization
- Manage accounts payables
- Manage accounts receivable
- Provide owner distributions
- Provide management distributions
- Bill pay & bill preparing
- Manage vendor, tenant, and owner profiles
- Implement & manage corporate level accounting
- Vendor ledger audits
- Tenant ledger audits
- Owner statement audits
- Prepare Income Statements, Reconciliation Reports, Owner Statements, and Bank Statements
- Track all rent collection and provide reports
- Track and implement tenant late fees
- Tenant communication and notices
- Owner communication and notices
- Track tenant rent increases and provide reporting
- Track and assist with 1099 at year-end
- Assist with year-end accounting and tax planning with owner’s CPA
- Provide on-demand CFO, controller, and tax consulting services
- Implement property and company budgets
Why Top Property Management Companies Choose REA
Accurately categorized transactions and reconciled bank accounts every single month. We are here to help complete your AppFolio accounting.
Prompt communication, proactive advice, audit-ready financial statements. We are your partner here to help you scale.
Save time, money, and resources having an outsourced accounting team that is an expert in AppFolio property management accounting.