Catch the small stuff before your Owners’ Accountants do
There’s a particular kind of email no Property Manager enjoys. It’s June or July, the Owner statements have gone out, and an Owner’s Accountant has been through them line by line.
Now they have questions.
Why is this expense here? What’s this refund? Why is this journal sitting against the account instead of the property?
On their own, these are small things. Across a full rent roll at EOFY, they’re easy to miss and surprisingly awkward to explain after the fact. That’s exactly why we’ve introduced a new service this financial year: the Owner Statement Review.
What it is
Before your Owner statements go out, we scan every transaction across your portfolio and flag anything that needs tidying. We’re looking for the things that quietly slip through during a busy year:
- Income and expenses allocated to the wrong place.
- Refunds posted against the wrong property or account.
- Rent journals sitting against the account instead of the property.
- Anything else that doesn’t sit quite right at a portfolio level.
The goal is simple.
Your Owners receive clean, accurate statements the first time, and you’re not fielding queries from their Accountants weeks later.
Why it matters at EOFY
End of Financial Year is when your Trust Accounting gets its closest read of the year. Owners share statements with their Accountants, those Accountants compare them against their own records, and any inconsistency becomes a question you have to answer.
A misallocated expense that took thirty seconds to create can take a lot longer to track down and explain once it’s out in the world. A review before statements go out flips that around: you catch the issues while they’re still easy to fix, and your statements do the talking for you.
Already with us? You’re covered
If you’re on our Outsourced Trust Accounting service, there’s nothing for you to do. This is part of what we already do for you, and we’ll take care of it as usual as part of your EOFY processing.
For our Support Block clients
The Owner Statement Review is now available to Support Block clients as a standalone service. If you’d like us to go through your portfolio before statements go out this year, get in touch to request a quote.
Our honest take
Clean Owner statements aren’t just about avoiding awkward questions. They’re one of the clearest signals an Owner gets about how well their property, and their money, is being looked after.
Getting them right at EOFY protects your relationships and your reputation, and it’s a great deal easier than explaining an error after it’s landed in an Accountant’s inbox.
If you’d like to know more, or to book your review, contact End of Month Angels. We’d love to help you head into EOFY with statements you feel confident about.
