For investment and property management businesses, the month-end work needs to explain both account balances and the related property or deal activity. DaxCents provides recurring bookkeeping with an agreed document routine and a clear list of outstanding questions.
The monthly work
- Reconcile the bank and card accounts included in the engagement.
- Review transaction coding by entity and property.
- Investigate transfers, missing support and unexpected balances.
- Prepare the agreed management reports and open-item list.
Give the review a consistent starting point
We agree on the month being closed, the documents due and who can answer property questions. New purchases, recently sold properties and changes to financing are part of that context. Missing information is identified rather than filled in with assumptions.
What you can review
The reporting package and review schedule are set during scoping. A useful review connects supported account balances, property activity and unresolved items. Estimates or forecasts should be labeled separately from recorded activity.
See our holding-cost schedule for an example of keeping those categories distinct.
Support for different property businesses
For wholesalers, the agreed records can connect deposits, recorded fees and expenses to individual deals and their supporting documents. For rental owners, monthly work can organize receipts and operating expenses by property. For property management firms, we confirm the operating accounts, management income and business expenses involved.
Client money, beneficiary ledgers and trust-account reconciliation require a separately confirmed scope and are not implied by an operating-bookkeeping engagement. Tax and legal treatment of transactions is decided by the professionals you engage.
Starting with a backlog
If earlier periods are incomplete, we first identify the last supported reconciliation. Cleanup and catch-up can be scoped alongside ongoing work, with responsibilities and priorities agreed before starting.