Insights & Resources for Property Management Accounting
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A bank reconciliation that refuses to balance can create problems far beyond a single accounting entry. A property manager may believe a building has enough cash to cover vendor payments, only to discover that a deposit was recorded incorrectly, a payment is missing, or a transaction was assigned to the wrong bank account in Propertyware. These differences can delay financial reporting and create confusion when owners ask why their statements do not match the available cash.