While the nuances and pitfalls of accounting for property management might be best navigated by a team of experts, even if you’re not a technologically super-charged property accounting genius, the fundamentals of real estate accounting are within grasp! 

In our mission to empower property managers with the support, tools, and information they need to succeed, we’ve curated this list of common and not-so-common real estate accounting terms that both rookie and veteran property managers encounter. 

Our goal is to add value and provide some levity to property managers—the hardest working folks in real estate! To help you learn we’ve provided Proper examples, and to help you laugh, we’ve provided a few ImProper examples:

Accounting Period (noun)

The span of time reported in a financial statement.

Proper Example:

  • An accounting period may be annual, quarterly, monthly or customized to suit a client’s needs.

ImProper Example:

  • Proper employees unanimously concluded there is no calling nobler than property management accounting. Period.

Accounting Period

The span of time reported in a financial statement.

An accounting period may be annual, quarterly, monthly or customized to suit a client’s needs.

Proper employees unanimously concluded there is no calling nobler than property management accounting. Period.