LedgerMatch
Bank Reconciliation for Property Management Companies in Orlando, FL
A practical CSV-based bank-to-ledger workflow for property management companies bookkeepers serving businesses in Orlando.
Bookkeeping context in Orlando
Orlando's tourism, theme park, and hospitality economy generates massive daily transaction volumes alongside a growing tech and healthcare sector. Bank of America and Wells Fargo are the dominant commercial banks in the Orlando metro, with Truist (formerly SunTrust) also having strong local presence. LedgerMatch reconciles all three CSV formats against QuickBooks or Xero in under 10 minutes.
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
- Florida has no state income tax, but Orlando businesses in the hospitality sector must remit tourist development tax and sales tax monthly — accurate bank reconciliation supports these filings.
- 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
- Bank of America
- Wells Fargo
- Truist Bank
- Wells Fargo
- Chase
- Bank of America
- QuickBooks Online
- AppFolio
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