Property managers hold money that belongs to other people: rent collected for owners and security deposits held for tenants. Keeping that money separate and reconciled is the most important part of the job, and it’s where problems start when books fall behind. Epsilon Accounting Solutions helps property management companies keep trust funds and operating funds clean.
Where We Help Most
- Trust account reconciliation for owner rents and tenant security deposits.
- Owner statements that tie to bank balances every month.
- Management fee revenue recorded separately from funds held for owners.
- 1099 reporting for owners and vendors.
- Bookkeeping and tax preparation for the management company itself.
Keeping Trust Funds Separate
Mixing owner funds with operating money, even briefly, can create serious problems with owners and regulators. We reconcile trust accounts every month, match them to owner ledgers, and flag any difference right away so it can be fixed before it becomes a larger issue.
A CPA Who Knows Your Business
Generic bookkeeping misses the details that matter in your line of work. We take the time to learn how your property management business earns and spends money, keep the books organized around that, and use what we learn to plan taxes and flag problems early.
What We Provide
- Monthly bookkeeping and financial statements
- Business tax preparation
- S-Corp formation and tax planning
- Payroll services
- Part-time CFO guidance for growth decisions
We work with property management companies in Edmond, Oklahoma City, and across Oklahoma, and serve clients in other states virtually. See the other industries we serve.
Call (405) 458-8949 or schedule a consultation to talk through your situation.