Property Accounting Services

We offer a full complement of accounting services, each tailored to your specific needs. From billing and collection to computerized day-to-day accounting reports, Midgard Management provides the tools you need to accurately monitor your property. Here is what you can expect:

Accounts Receivable

  • Accounts receivable collections
  • Revenue billing (including lock box services)

Accounts Payable

  • Vendor invoice and payment processing
  • Sales tax compliance

Cash

  • Cash flow projections
  • Projection and maintenance of cash reserve accounts
  • Bank account maintenance (opening, closing, signature cards)
  • Investment of excess cash balances

Budgets and CAM

  • CAM reconciliations, including gross ups and controllable expense caps
  • Handle CAM audits by tenants
  • Budget preparation and variance analysis

Financial Statements and Management Reports

  • Timely and accurate management reports and recommendations
  • Accrual or cash basis financial statements
  • Provide information to outside accountants
  • Fixed asset and depreciation recordkeeping

Software

  • Use Yardi accounting software

Other

  • Maintain master insurance schedule of all policies