LedgerMatch
Bank Reconciliation for Property Management Companies in Houston, TX
A practical CSV-based bank-to-ledger workflow for property management companies bookkeepers serving businesses in Houston.
Bookkeeping context in Houston
Houston's energy, construction, and healthcare sectors generate high-dollar, low-frequency transactions — large vendor payments, progress billings, and insurance receivables — that require careful bank reconciliation every month. Texas has no state income tax, but businesses must file state franchise tax (the Texas Margin Tax) annually, and accurate books directly affect that calculation. LedgerMatch helps Houston bookkeepers match Wells Fargo and Chase exports to QuickBooks in under 10 minutes, with tolerance matching that handles the common ±1-day posting delays typical in ACH-heavy oil and gas payables.
Property Management Companies reconciliation workflow
Property management companies operate with multiple bank accounts — a trust account holding tenant security deposits, an operating account for management fees and expenses, and often a separate account for each property owner. Each account needs its own monthly bank reconciliation. LedgerMatch helps property management bookkeepers reconcile all of them — matching rent deposits, security deposit movements, owner disbursements, and maintenance vendor payments against QuickBooks or AppFolio ledger exports in under 10 minutes per account.
Local and industry considerations
- Texas has no state income tax, but the annual Texas Franchise Tax (Margin Tax) requires accurate gross revenue reconciliation — clean bank records are the foundation of an accurate franchise tax return.
- Security deposit trust accounts must reconcile independently from operating accounts, and owner disbursements must match distribution statements exactly — errors in either account can create legal liability for the property manager.
Common banks and accounting tools
- Chase
- Wells Fargo
- Frost Bank
- Wells Fargo
- Chase
- Bank of America
- QuickBooks Online
- AppFolio
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