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Accounting & Financial Services

Lee & Associates’ financial teams provides superior support services, backed by best-of-breed technology, including industry-leading accounting software packages such as Timberline, CTI, MRI and others. They can help you to:

• Develop an annual operating budget for both building and any related projects—including regular monitoring of marketing budgets and conferences with owner for approvals.
• Review project cash flow statements monthly to detect variances from budget—reviewing significant variances with owner.
• Monitor each budget line item to ensure actual amounts are within budget allowances.
• Load all leases on appropriate lease-administration program.
• Generate monthly rent invoices.
• Generate all miscellaneous invoices (extraordinary maintenance, keys, after-hours HVAC, late fee notices) and follow-up.
• Calculate and invoice operating expense recoveries.
• Review and approve all invoices relating to the operations of the property.
• Ensure proper coding and processing of all project invoices.
• Work with owner on review / approval of all property tax assessments, audits and appeals.
• Review and approve all real estate tax statements prior to payment.
• Review all insurance invoices for payment.
• Review and approve all utility invoices.
• Monitor utility costs, reviewing them relative to historical building performance and comparable building performance.
• Provide comprehensive financial reports to owner each month, including:
  • Project Cash Flow Statements
  • General Ledger
  • A/R & A/P Aging Report
  • Project Balance Sheet
  • Bank Reconciliation