Real Estate-Property Management steps to close the year

Yes, most steps are the same for real estate or property management firms as with other businesses.  See my earlier post with the checklist here.  But there are other accounts that need review.  Reconciliation is key for making sure your records are accurate.  As well as checking your prepaid rent account, credit card accounts, etc.  Here is a video that shows you verifying a security deposit listing in my small LLC.  

If you need further help with your books and property management--we are the experts for you!  Visit Artesani Bookkeeping for more details.

Lynda Artesani

Lynda Artesani is the president of Artesani Bookkeeping where she uses her expertise and organizational skills to help her clients thrive and become profitable. Lynda is a member of the Intuit Trainer Writer Network. She is an alumni member of the Intuit Advisory Board. Additionally, she is the first Expert Columnist for the QB Community forum. She is also a co-founder in a Facebook group called QB Community Live!