Author: balance

The Property Management Chart of Accounts is the foundational structure upon which the edifice of property management accounting is built. It’s the organizational framework that holds the key to insightful financial analysis and reporting. Foundation of Financial Organization A well-organized Chart of Accounts is like the base layer of a painting, setting the stage for…

Property management accounting stands as a cornerstone in the architecture of real estate management. It’s a complex blend of accuracy, strategic planning, and compliance, crucial for the financial health and operational success of any property management venture. In property management, accounting is not just about keeping the books in order; it’s about painting a clear…

Homeowners Association (HOA) accounting stands as a critical aspect of community management, embodying a blend of precision, transparency, and strategic financial oversight. It’s a field that requires a delicate balance between rigorous bookkeeping and insightful financial planning, ensuring the long-term financial health and sustainability of the HOA. HOA Financial Management HOA accounting is much more…

In property management, the intersection of technology and accounting is crucial. As technology consultants specializing in Yardi software, we bring a unique blend of CPA-level accounting expertise and in-depth understanding of Yardi’s comprehensive tools to elevate your property management operations. In-Depth Customization and Integration with Accounting Insight: Our role as Yardi Consultants transcends traditional software…

AppFolio, a notable name in the property management software industry, has always been ahead of the curve in terms of innovation. With the recent introduction of the AppFolio Stack™ and its new Solution Partners program, it has added another feather to its cap. At Balanced Asset Solutions, we are excited to announce that we have…

In the diverse world of real estate, affordable housing stands out as a sector laden with unique challenges and opportunities. Among these intricacies lies the domain of accounting—a critical aspect that requires nuanced understanding and precision. Let’s jump into the accounting practices peculiar to affordable housing and why they matter. 1. Regulatory Compliance and Reporting…