The board approved the study. The funding plan went into the budget. Then the bookkeeper posted one lump transfer a month and moved on. HOA reserve accounting is the practice of recording reserve dues, interest, and spending in a separate fund. Under FASB ASC 972,...
The bank says one number. The ledger says another. A third report disagrees with both, and owner draws go out in the morning. An AppFolio trust account not balancing at 9 p.m. is not a software failure. It is a sequencing problem, and it has a name.An AppFolio trust...
The building was 80% full. You applied the 5% controllable cap, grossed up janitorial and utilities, billed each pro-rata share, and the statement footed to the penny. But the audit letter still came. The finding was not bad arithmetic. It was bad sequencing: the cap...
Three Way Reconciliation Property Management: The State Rules Nobody Cites A bank reconciliation is not three way reconciliation property management, and the regulator wants the second.Direct answer: Three way reconciliation property management proves three numbers...
Property Management KPIs: The Metrics That Matter Most Property management KPIs separate operators who guess from operators who know. When we take on a new client, we do not ask about portfolio size first. We ask whether the team can answer three questions on the...
