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Commercial Property Accounting

Accounts Payable

  • Process invoices in 2 way/3 way match with POs and packing
  • Deep experience in processing utilities
  • Allocate expenses and code invoices against exact properties
  • Utility Rebills based on CAM and rebill procedure
  • AP reconciliation
  • Aging and suitable AP reports

Tenant Accounting/ Accounts Receivable

  • Process Move-Ins/Move-Outs/ Lease Renewals/Expiries
  • Rent runs including billing of CAM charges
  • Processing Rental Checks and credit card receipts
  • CAM reconciliation at year-end

Banking and General Ledger Activities

  • Bank, escrow, mortgage reconciliations
  • Intercompany/Inter property accounting to handle transactions between properties like expense allocations, transfers
  • Prepaid Amortizations and accruals
  • Month end finalization and reports

Set-up Activities

  • Set-up commercial leases include Lease-in move-in, expiry dates
  • Set-up complete unit level data
  • Set-up CAM charge codes and CAM charge bases
  • Set-up Vendor Records with relevant dates
  • Migrate Client systems from an older version of Yardi to a new version including complete data validation