Property Management Accounting and Back Office Support
Somotsoft maintains a robust service offering for property managers who are using Yard Voyager or Intuit Real Estate Solutions (IRES) applications. We also support all of the property management industry segments: market rate, student housing, commercial, retirement, military, etc.
Advantages of Using Somotsoft:
We will cut your accounting and back-office costs 50% to 75%
We guarantee defect-free work
We develop and document your processes and procedures as a component of our services
We continue to improve the processes to meet with your business needs
Property Management Services:
General Accounting:
We can perform your entire general accounting function or any specific function within it. Below is a listing of examples of specific functions we perform: |
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Bank reconciliations |
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Cash flow reporting |
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Distribution accounting |
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G/L reconciliation |
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Month-end close and reporting |
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Mortgage reconciliation and reporting |
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Payroll administration |
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Preparation of Federal and State tax returns |
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Voucher and/or deposit entry |
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Back-Office support:
We can also perform a wide variety of back office functions, including: |
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Development and management of electronic filing systems |
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Development and management of TQM systems |
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Electronic voucher payment systems |
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Moveout processing |
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Procedure development and documentation |
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Property entry corrections |
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Rent roll administration |
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Replacement reserve recovery processing |
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Programs and pricing:
We offer different level of effort programs based on Non-Exempt Level or Exempt Level to Specialized tasks. Volume discount is taken into consideration. |
