Industries
Bookkeeping for property managers
Property managers need records that explain activity to owners and make the monthly close repeatable. We help organize transactions, reconcile accounts and prepare financial reporting so owner questions can be answered from the books.
Last reviewed:
General information, not legal advice.
Real estate businesses across the area
The research estimates ~2,550 real estate employer establishments in the 100-mile area, using NAICS 531. This population-weighted county estimate covers the broader real estate sector; it is not a count solely of property management firms.
Sources: Census County Business Patterns 2023
Monthly reconciliations and owner statements
Reconcile the month’s account activity before preparing owner statements. Identify the property or owner associated with each transaction in the records you supply, and flag entries that need clarification. Tidwell’s monthly bookkeeping can help keep those records organized for a consistent close.
Vendor records for 1099-NEC preparation
The 1099-NEC reporting threshold is $2,000 for 2026 payments. Keep vendor details and payment totals available for review so reportable payments can be identified. A total alone is not the complete filing decision; discuss the vendor and payment records with the person preparing the forms.
Sources: Patriot: 1099 reporting threshold for 2026 payments
Financial reports and the year-end CPA package
Owner statements and year-end CPA packages serve different readers. Bring reconciled account activity, vendor summaries and open questions together for the year-end handoff. Our financial reporting service helps produce the financial statements your CPA can use alongside those supporting records.
Owner-statement and vendor-record questions
Can property management reports identify each owner’s activity?
Yes. Consistent property and owner references on receipts, expenses and adjustments support reports that can be traced to the reconciled books.
How should vendor records be prepared for year-end review?
Keep vendor details, invoices and payment summaries together for the person responsible for reporting decisions. A payment total alone does not settle every filing question.
Does Tidwell advise on property trust-account law?
No. We provide bookkeeping support alongside your CPA or attorney and follow the handling structure they establish for client funds.
Real estate market and vendor-reporting references
Make the monthly owner reporting handoff clearer
Tell us about your books, payroll and upcoming work. We will discuss the services and next steps that fit your business.
Monthly bookkeeping starts at $500 a month. See pricing