Property Management Chart of Accounts: What It Is and Why You Need It

A property management chart of accounts is the foundation of your financial health, as well as the financial health of the properties you manage. But is your chart of accounts up to snuff? In this video, we will go over what a property management chart of accounts is, how to set one up, and how to use it to grow your business as well as those of your owners. Finally, we'll give you some chart of accounts best practices to keep your books accurate and compliant. To learn more about Buildium's automated entries and reconciliation, click over to Buildium: https://bit.ly/3GCOrtU To learn more about 1099 efiling: Click here: https://bit.ly/401ZROG To learn more about how Buildium stacks up against Quickbooks, click here: https://bit.ly/3KRewYw ------------ 0:00 Intro 0:45 What Is a Property Management Chart of Accounts? 2:04 Organizing Your Entries 2:30 Coding Your Entries 3:18 Using a Chart of Accounts 4:49 Using a Chart of Accounts for Growth 5:55 Chart of Accounts Best Practices