DELIVERING VALUABLE FINANCIAL INSIGHT

All accounting and reporting functions on this assignment are handled by one of Friedman’s professional Staff Accountants. All of Friedman’s Staff Accountants hold a minimum of a Bachelor’s degree in either accounting or finance. The Staff Accountant assigned to the project reports to one of Friedman’s three Accounting Managers, all of whom are licensed CPAs. The Accounting Manager provides direct oversight to the assigned Staff Accountant and interacts with the client on more complicated accounting and reporting issues.

The Accounting Manager assigned the project reports directly to Friedman’s Divisional Controller. The Divisional Controller, who possesses comprehensive direct real estate management and accounting experience, acts as an additional resource to the assigned accounting team.

Annual Budget

On all assignments, we provide our clients with an annual budget that includes leasing assumptions, operating expenses and a capital plan. The Property Manager and Sr. Property Manager assigned to the property work with the property’s Staff Accountant and Accounting Manager to prepare a comprehensive operating budget based upon actual operating information provided to us and assumptions that are formulated from experience in managing similar assets.

Monthly Operating Statements & Reports

We provide our clients with monthly operating statements after the end of each calendar month. Our accounting and reporting systems provide the ability to meet or exceed all of your monthly operational statement requirements. The following reports will be included, at a minimum:

  • Balance Sheet
  • Rent Roll
  • Corporation Loan Statement
  • Check Register
  • Aged Receivables
  • Bank Reconciliation
  • Accounts Payable
  • Bank Statement
  • Detailed General Ledger
  • Leasing Activity & Update Report