Accounting and Financial Reporting
Integral to the effective management of any asset is the timely collection of rent and proper accounting of payments made to third party vendors and contractors
A foundation of this procedure is the accurate accounting and reporting to our investors and client. To accomplish these activities, we maintain a complex network system, including Timberline and Yardi accounting systems as well as Argus valuation software.
Primary Functions of Accounting and Financial Reporting:
- Full bookkeeping and timely receipt of collections and disbursements.
- GAAP and FMV financial statement preparation.
- Monthly reporting, inclusive of detailed variance analysis (primarily within a real-time, web-based format).
- Periodic “Mark-to-Market” valuations.
- Monthly distribution of rent and CAM statements to tenants.
- Annual CAM reconciliations.
- Annual budget preparation.
- Coordination with third-party appraisers.