Financials and Budgeting
As part of
our overall annual plan for the properties we manage, we develop an annual
budget. This budget becomes an important part of our overall management plan.
This annual budget includes a "capital needs assessment" for the
property, in order to budget for improvements planned for the upcoming year.
Coburn & Feeley has state of the art accounting software, and we can produce a wide
range of reports for our clients including:
Income Statement General Ledger
- Bank Statement Reconciliation
We will generate specific reports based on each
client’s reporting needs and requests. For many of our
clients, we produce monthly financials with actual vs. budget comparisons. This
allows them to follow how the property is performing. We can
also produce year end financials, and coordinate with our clients' accounting
professionals regarding their tax filing info.