Financial Services – Seagate DEMO

Financial Services

Your Finances in Good Hands

Annual Budgeting

Operating – Assess expenses and needs, competitive bids and monitoring
Capital – Project planning, budgeting and financial oversight
Reserves – Assess and monitor
Provide year-end annual reports

Accounts Receivable

Electronic tenant e-billing
Collections of all rents, fees and receipts due from tenants and concessionaires
Monitoring of collections and delinquencies
Escalation process and initiation of action plan to collect rent or recommend legal counsel
Late notice and fee administration
Default and legal action as agreed with landlord
Communicate problems as soon as identifed

Accounts Payable

Manage invoice receipt, processing and payment
Electronic invoice image storage
Mortgage, tax and insurance payments
Owner distributions
1099s

Banking

Deposit checks received to bank and post to general ledger
Generate checks for approved operating expenses and projects
Reconcile bank account(s)

Cam Recoveries (if applicable)

Annual reconciliation and true up (commercial only)

Compliance and Document Retention

Transactional documents – A/R, A/P and banking
Contracts, notices and reports on behalf of the client
Vendor and tenant (commercial) proof of insurance

Economic and Financial Analysis

Ongoing analysis and evaluation of property operations
Recommendations to enhance value, including but not limited to:
- Property improvements
- Low-cost effective curb appeal enhancements
- Implementation of a long-range plan consistent with owner objectives and direction
- Ongoing review of critical areas of the property such as utility usage, energy management and vendor performance

Financial Statements

Income statement of operations – profit and loss (current month and year to date)
Rent roll
Property inspection report
Accounts receivable aging and delinquencies
Accounts payable expense detail and check register
Bank statements and reconciliation
Detailed general ledger

Sales Tax

Collection and remittance (commercial only)