(t) 646-453-3271 (e) tconley@conleyrgrp.com
FINANCIAL REPORTING & COST ACCOUNTING
Conley Management Group leverages advanced cloud-based property management software to handle cost accounting, financial reporting, lease analytics, budgeting, accounts payable/receivable, and rent collection. Our integrated systems and cost accounting methodologies enable real-time monitoring of property performance. Each month, we deliver reconciled and comprehensive financial report packages to our clients, which include, but are not limited to:
- Profit & Loss Statements
- Budget Variance Reports
- Balance Sheets
- Cash Flow Statements
- Tenant Delinquency & Collection Reports
- Tenant Improvement (TI) / Capital Expenditure (CapEx) Project Reports
- Depreciation / Amortization Schedules
- Estimated Annual Performance Reports
- Rent Rolls & Vacancy Reports
Conley Management Group's management and accounting systems offer a streamlined and reliable solution for all property accounting and financial reporting needs. Our cloud-based software provides property owners with 24/7 access to comprehensive financial reports and analytics, tenant lease data and documents, compliance records, and a secure portal for organized document and data storage.
Tenants benefit from our user-friendly Tenant Portal, which enhances rental payment processing, lease administration, communication, and work order management.
We are committed to protecting our clients’ real estate investments by delivering accurate financial reporting and cost accounting controls that provide critical insight into each property's operational performance.
FINANCIAL & PROPERTY MANAGEMENT SOFTWARE
PROPERTY BUDGETS & INCOME + EXPENSE MONITORING
Our team prepares detailed property budgets and monitors income and expense variances on a monthly basis to ensure financial performance remains aligned with established baseline budgets. As part of the annual budgeting process, we conduct an in-depth analysis of prior year expenses and forecast anticipated cost escalations. This comprehensive approach includes detailed leasing projections, income calculations, operating expense adjustments, and capital improvement expenditure forecasts. We provide clients with monthly budget vs. actual variance reports, ensuring that both income and expenses are consistently tracked and managed within defined financial targets.
IMPROVEMENTS & BUILDING CAPEX - FINANCIAL REPORTING
Our financial team, working in coordination with our construction division and its project management software, provides detailed cost accounting, contract administration, and reporting for Tenant Improvement (TI) and Building Capital Expense projects. For each project, we establish individual accounts with appropriate AIA construction cost codes, enabling precise tracking of all vendor progress payments against approved contract purchase orders (POs). Any approved vendor change orders are recorded and reflected against the original contract POs. All vendor and project-related expenses are cost-coded to monitor budget adherence and identify potential TI allowance overages for back-charging to tenants. Upon project completion, we deliver detailed, cost-coded expense reports to ensure accurate allocation of expenses into depreciation and amortization accounts on the balance sheet.