Multifamily Property Accounting Best Practices
This presentation outlines essential best practices in multifamily property accounting, emphasizing the need for accurate tracking of multiple income sources and expenses at the unit level. It highlights the importance of using specialized accounting
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Presentation Transcript
Multifamily Property Accounting Best Practices Presented by: EXO Edge
Understanding Multifamily Property Accounting Multifamily properties have multiple income streams (rents, parking, amenities). Accounting must track unit-level revenues and expenses. Key documents: rent rolls, general ledgers, and lease agreements. Focus on cash flow visibility and tenant-level accuracy.
Best Practices for Multifamily Accounting Use property-specific accounting software (e.g., AppFolio, Yardi). Implement monthly reconciliations for bank, escrow, and trust accounts. Maintain segregated operating and reserve accounts. Automate rent tracking and late fee calculations. Ensure strict lease compliance and expense categorization.
How EXO Edge Adds Value Our Value Proposition: Specialized team in multifamily accounting workflows Expertise in GAAP-compliant reporting and owner-level dashboards Scalable solutions for growing portfolios Enhanced report accuracy, timeliness, and compliance Seamless integration with top property management systems
