Author: Hawk Operations

1. Aging Payables Aging payables refer to bills that have been due but remain unpaid. As a property manager, it’s essential to regularly review outstanding invoices. Here’s what you should consider: 2. Bank Reconciliations Bank reconciliations are crucial for maintaining...

As a property management accounting company, Hawk Operations, Inc., we understand the critical importance of efficiently closing out properties. Whether it’s a residential unit or a commercial space, a thorough and organized process ensures a smooth transition. Let’s dive into...

1. Cash Accounting 2. Accrual Accounting Why Property Managers Choose Cash Accounting Why Specialized Firms Matter Conclusion Property managers juggle numerous financial tasks, and cash accounting suits their dynamic environment. However, partnering with a specialized firm ensures precision, efficiency, and...

If you’re involved in the property business in any way, you might be able to identify the main difference between a new property manager and a seasoned veteran within minutes. While it can be argued that several differences exist that...

Every financial downfall begins with a few seemingly harmless late payments, incorrect books, or past-due invoices. While in the short term, accounting for these invoices doesn’t seem like a great task. But as the past-due books pile up on each...

Managing properties is a complicated business already, but if you’re not well educated about the different sorts of fees and charges you can incur during the process, you’re well on the road to making things difficult for yourself. As a...