Guide

How to create an owner statement that reconciles the first time

Owner statements fail when income and expenses aren't linked back to source records. Every line item needs a trace.

Overview

Owner statements fail when income and expenses aren't linked back to source records. Every line item needs a trace.

Checklist

  • Roll up income by property and category.
  • Roll up expenses by category with vendor and date.
  • Line-item management fees and reserves.
  • Reconcile to the trust account balance.
  • Deliver monthly and archive.
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