Simplify Your Property Management Business with our Corporate Bookkeeping Services
As an extension of APM Help’s bookkeeping service, we’ll handle the expenses for your property owners to ensure that your company's income is accurately recorded. Our team uses Quickbooks to keep track of your corporate finances, providing you with the insights you need to make informed decisions about your business. Trust us to keep your books in order and help your company grow.
Accounts Receivables
Detailed booking of different management income streams.
Application fees
Cleaning fees
Late fees
and everything else you need
Bank Reconciliations
After cleaning up your corporate books, we provide ongoing support to ensure that your books remain clean and accurate through daily bank reconciliations.
Corporate Reporting
We provide financial statements by the 15th of every following month, giving you the data you need to make informed decisions about your business. We can also can create Management reporting for Cash Flow, EOY tax reporting, or any other reports you need.
Whether you're on the NARPM accounting standards or ours we can help you understand the financial performance of your business.
Reimbursements & Costs of Goods Sold (COGS)
Properly book any maintenance and property related expenses.
Book and generate invoices on a per property level
Track with an AR aging report
Completed reimbursements are marked as paid
We have been with APM since January 2019. I love being able to ask any questions regarding AppFolio property management and accounting. I get answers the same day. A lot of times APM goes above and beyond to help where ever they can. I save a lot of time having APM assist with owner payments, move outs and much more. It is also very reassuring knowing that my books are in order. We look forward to growing our business and relationship with APM.
Jodi Williams
Steady Property Management
FAQs
Got questions? We've got answers. Have even more questions? We are here to help.
Corporate bookkeeping is any transactions that are recorded for overhead purposes. These are daily transactions to keep your business running. Examples: Payroll Expenses, Office Supplies, or Software purchases. Trust Bookkeeping is recording of any transactions that are property only specific.
These are any expenses your corporate bank or credit card covers on behalf of a property. These could be contractor expenses for repairs or supplies purchased for everyday maintenance.
The main importance of keeping two separate books is to keep your PM company performing and Audit ready within your PM software. Having everything in one set of books could make it easy to intermingle property owner funds with Corporate funds which could cause you to pay fines if the property funds are used incorrectly.
Using the NARPM chart of Accounts can be useful, but no, it is not necessary to use it. If you would like additional detailed Chart of Account the NARPM Chart does offer the abilities and we can assist in the Chart of Account conversion if you would like to have this changed in your QBO file.
There are two different forms of accounting methods that can be used to record your books. This is also the same method that you will use to file your tax return. Cash Basis is recording your books as the money enters or leaves your bank account versus Accrual Basis accounting is recording the income or expenses before the income is received or the expenses are left in the bank account.
Stop Stressing Over PM Bookkeeping
Let our experts handle the complexities of trust accounts, reconciliations, and audits. Claim your free 30-minute consultation today. No obligation.
Sat & Sun - Closed
