Setting up an air-tight chart of accounts

Jake Belding

Every tax season brings a new opportunity to tighten up your books, take a closer look at operations, and make your accounting process more efficient.

property management chart of accounts inline

This guide takes the guesswork out of property management accounting with a step-by-step process to set up an air-tight chart of accounts based on Generally Accepted Accounting Principles—and Taylor Brugna’s own industry know-how. 

Real estate accounting expert Taylor Brugna, partner at The Real Estate CPA, walks you through how to:

  • Set up 4 essential bank account types 
  • Define different asset types within your chart of accounts
  • Separate expenses to make sure each transaction is recorded
  • Better understand and track liabilities
  • Introduce technology to make important stages of the categorization process easier
Download your copy of "Setting Up an Effective Chart of Accounts"
Trending Stories For You
Accounting & Taxes The ins and outs of HOA reserve fund accounting
If you talk to an association and ask them about their HOA reserve fund accounting, you may hear some pretty unfortunate stories that happened before…
Laurie Mega
| 13 min. read
Accounting & Taxes How does a 1031 exchange work? Everything property managers need to know
There are many reasons why an investor might want to consider doing a 1031 exchange. Maybe it’s to avoid paying capital gains taxes right away.…
Amanda Maher
| 5 min. read
Legal Considerations Fire insurance 101: What landlords & property managers need to know
Residential fires are as costly as they are common. In 2021, there were almost 1.4 million fires resulting in $16 billion in losses, according to…
Jason Van Steenwyk
| 9 min. read

Be a more productive
property manager