Accounting

Benchmark offers Accounting services for both Residential and Commercial properties in New York, including: Westchester, the Bronx, and Yonkers. Our dedication to our clients is unmatched. We are always striving to improve our service and knowledge in this changing market and taking note of new laws and regulations for the advantage of each community. Here are a few of the Accounting functions we perform as your trusted choice for Residential Property Management and Commercial Property Management. Please contact us to discuss your unique property management needs.

Budget

  • Preparation of bank reconciliations

  • Analysis of cash needs

  • Risk management, including insurance and processing of claims

  • Maintenance of corporate records including bank records, paid bills and legal documents

  • Preparation of monthly management report

  • Providing required financial data to attorneys, accountants, insurance companies and

  • governmental agencies.


Income

  • Collection and deposit of maintenance income

  • Control of accounts receivable including application of policy for past due accounts

  • Monitoring of other income i.e. laundry, parking, late fees

  • Bill back of non-co-op/condo expenses to sponsor and tenant shareholders

  • Notification and collection of assessments and changes in maintenance fees and common charges

Disbursements

  • Payroll (including knowledge of union rules)

  • Payment of vendors including invoice review, sales tax and available payment discounts

  • Maintain accounts payable schedule and control cash flow

  • Mortgage and escrow payments

  • Transfers between bank accounts

  • Seeking bids on projects and monitoring performance and payment schedules

Don't see an Accounting service you're looking for on the list? We probably cover it. Get in touch with us for a free consultation.

Social Media

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Contact

951 E Boston Post Road

Mamaroneck, NY 10543

P 914-698-4100

F 914-381-6795

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