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Property mgmt - transfer funds posting
Yes it is a bookkeeping procedure. We took over a property and I have entered the opening trial balance with the operating bank and reserve bank fund balances. I have received the draft cheques from the close-out of the previous bank accounts from the previous management co. but I'm not sure how...- mlbrooks
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- Forum: Property Tax and Accounting
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Property mgmt - transfer funds posting
Good Day, Our property management company has taken over a condominium property. The opening trial balance has been posted with opening balances. I have received (2) cheques from the previous management co. that are the bank drafts/funds, one for operating bank account and one is for the...- mlbrooks
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- Replies: 2
- Forum: Property Tax and Accounting