Category Archives: Bookkeeping

Creating an Effective Chart of Accounts for Your Real Estate Business

Although block numbering is not necessary, we find it most useful. We recommend setting your chart of accounts up in groups of 1000 so you have flexibility and room for growth. In this sample, Legal Fees should be a part of Professional Fees as a sub-category. Edit the account Legal Fees and check the box…

AppFolio: Move Beyond Property Management Software

We start with a defined set of properties or entities (or one lane like AP/reconciliations), then scale once the workflow is stable. We reduce recurring issues by tightening coding rules, property schedules, and documentation standards. Whether you’re just starting out or are an experienced professional, your future starts here. Last year, we estimated there was…