Comprehensive Services to Outsource Property Accounting
Property management is a complex web of tasks for managers. In today’s business market, the real estate industry is a dynamic ecosystem. Between portfolio growth and maintenance, the primary task for a property manager is to address investor/ owner mandates, margins, monthly reporting, and staffing challenges.
At EXO Edge, we support internal property management teams with customised accounting services, including property accounting, AP, FP&A, Lease Audits, and more. Our expertise and domain experience ensure that your financial operations and reports are accurate and on time…every time.
WE ARE THE TRUSTED OFFSHORE PARTNER FOR 7 of the TOP 10 PROPERTY MANAGER
for offshore property accounting. Our experience assists leading companies in NMHC50 Multifamily and other segments like REIT, Student Housing, Manufactured Housing, Commercial/ Industrial, and Affordable Housing portfolios.
EXO Edge Real Estate Accounting Services
Property Accounting
Our team provides comprehensive, end-to-end client accounting services that include interaction with on-site managers and in-house teams to review transactions, record accruals, and adjust expenses/ revenue that ensure accurate financial management. Getting ready for managers, timely final reports that are shared with stakeholders and owners.
Corporate Accounting
Expert accounting teams to support corporate accounting functions for property managers, like managing payroll processing, conducting detailed billbacks for shared expenses, and thorough expense audits for accuracy and compliance with financial policies.
FP&A: Financial Planning and Accounting
We offer extensive services across various financial structures, from Budget Forecasts, Budget Planning, Cash Planning, and Financial Analysis across portfolios that cover rent rolls, occupancy trends, operating expenses and capital expenditures for real estate management companies.
Construction Draws
Here, our associates support the full procure-to-pay cycle across Property, Construction, and Corporate levels. This involves preparation, submission of construction draws for on-site projects, consolidation of draw packages across projects, and overseeing overall draw submissions and lender compliance. Plus, the monitoring of Escrow and Budget versus Accruals across projects for stable financial management.
Accounts Payable
We ensure timely processing and payment of vendor invoices, along with maintaining accurate property-level financial records. This helps managers by tackling costs, maintaining vendor relations, and audit-ready compliance process.
Development/ Capital/ Fund Accounting
Our teams are well-experienced in accounting and finance. They can track project costs, budget, and draw schedules to sort accurate cost allocation. They manage investor contributions, ensuring accurate financial equity tracking. This meticulous process for audit-ready, compliance and accurate reporting across portfolios.
Payroll Accounting
Treasury Support
A trained and equipped team at EXO Edge ensures timely cash flow visibility, accurate bank reconciliations, and efficient handling of owner distributions, vendor payments, and rent collections across portfolios. We minimise financial risk through strong controls, streamlined payment processes, and real-time reporting.
Lease File Audits
A crucial task executed by property managers to verify lease agreements, tenant data, and charges. Support for this ensures operators reduce revenue leakage, minimise compliance risks, and achieve smoother financial reporting and operational consistency.
Monthly Operating Reports
This is a key reporting item our expert team manages on time and with accuracy. Monthly reports are a snapshot of property performance. Keeping a tab on expenses, income, overheads, occupancy rate, and more.
ESG Audit
Includes the systematic tracking and reporting of Environmental, Social, and Governance (ESG) metrics and maintaining transparent reporting for property management companies.
Bank and CAM Reconciliations
Both reconciliations help property managers identify discrepancies. Bank reconciliation involves checking for property-level cash and bank statements. This helps maintain accurate financial reporting. CAM checks for bills raised to tenants vs actual incurred costs – ensuring fair allocation and lease compliance.
Vendor Reconciliation
Maintain correct expenses and vendor accounts so that property management companies ensure accurate financial statements. Regular reconciliation helps in preventing fraud and managing cash flow efficiently.
Treasury Management – Admin/Payments
Treasury management for property management companies involves the strategic oversight and administration of financial assets, including cash flow management, investment strategies, and risk mitigation.
Contract Management for vendor
This maintains good relations with vendors and includes ensuring that all lease terms are adhered to, tracking key dates and obligations, managing payments and renewals, and addressing any issues that arise during the contract period.
Sales and Use-tax Implementation
For property management companies, managing Sales and Use-tax involves accurately tracking tax-eligible invoices, and calculating tax liability for states and filing county returns.
Capital Projects Accounting
This involves the meticulous tracking, management, and reporting of all financial aspects related to large-scale capital projects, such as property improvements, renovations, and new construction.
Lease Compliance & Renewals/File Audits
Verify and validate lease agreements for revenue assurance & validating incoming property portfolios. Check if these adhere to legal and contractual obligations and prepare documents for audit.
Reserve Replacement Draws
Properly timed reserve replacement draws help maintain the property’s quality, meet long-term capital needs, and support the overall financial health of the property management operation.
Escrow Account Management
On-time and accurate reporting of escrow accounts for timely disbursement and enabling seamless operations to ensure the property owner’s and tenants’ interests are met.
Property Management Accounting Software Expertise
We are proficient in multiple property management accounting software, ensuring seamless integration and efficient financial management. Some of the top industry software our team has experience in are mentioned below. Our team of IT professionals also help with software support and maintenance.
We offer extensive outsourcing solutions to streamline your real estate accounting processes.
Are you ready to optimize your real estate financial management?
Contact us today to learn more about our services and how we can supplement your team to enable business growth.
What our Real Estate clients are saying
Your AP associate with us is wonderful, and his attention to detail is unmatched
Our site team and the EXO Edge associate work in complete unison – enabling a seamless process
The associate on our account is world-class, and we are truly appreciative of his efforts
We were promised accuracy and quality – this is exactly what EXO Edge has delivered
The EXO Edge associate working as our property accountant is fantastic, whose meticulous work has helped us for every close
We are feeling good about our partnership
The EXO Edge associate working as our property accountant is fantastic, whose meticulous work has helped us for every close
We are feeling good about our partnership
We appreciate our associates at EXO Edge and the ‘can-do’ attitude they display.
3 attributes to describe our team at EXO Edge – attention to detail, attitude and the willingness to help at every turn
It is a new relationship, and we are feeling good about this partnership
Thank you for stepping in – we appreciate your flexibility
Our property accountant from EXO Edge is a fabulous addition to the team – experience and quality of work is evident!
The EXO Edge did an outstanding job on a last-minute project. Kudos!
Our point of contact at EXO Edge is an ace property accountant. His domain knowledge and attitude have significantly improved our processes.