Financial Hygiene

Reconcile Before You Migrate

Unreconciled accounts add an average of 6 weeks to implementation timelines.

Financial data is the hardest to clean up retroactively. Outstanding balances and inconsistent chart of accounts create cascading errors in any new system.

5 min assessment·12 factors
or
12 DATA READINESS FACTORS
Bank & Accounts
All bank accounts reconciled to within the current month
Standardised chart of accounts across all properties
Operating accounts separated from trust/reserve accounts
Balances & Receivables
Outstanding tenant balances documented and accurate
Owner distributions calculated consistently
Aged receivables report producible on demand
Tax & Compliance
Security deposits tracked individually per tenant
Tax configuration documented (rates, exemptions, filing requirements)
Revenue and expenses tracked by property, not just aggregate
Recurring Revenue
Recurring charges set up consistently across properties
Vendor payment terms documented and tracked
At least 12 months of transaction history exportable
How many can you check?
INTERACTIVE ASSESSMENT

Answer 12 questions across 4 categories. Takes about 5 minutes.

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