Property · Leases · Distributions
Property accounting that keeps everything in order
From tenant payment tracking to owner disbursements and lease compliance records — Ashgrove handles the financial detail so your books stay clean and your owners stay informed.
Why Ashgrove
Property managers work with Ashgrove because it makes their reporting predictable
Accurate per-property records. Owner statements ready when owners ask for them. Lease compliance documentation that holds up under scrutiny.
Monthly records by property
Each property gets its own income and expense summary. Maintenance costs, management fees, and rental income are tracked separately — not lumped together.
Owner statements on schedule
Distribution calculations and owner statements prepared monthly or quarterly. Formatted for each owner alongside their tax preparation cycle.
Lease compliance handled
Right-of-use asset calculations and lease liability amortization schedules maintained to standard, with supporting documentation for financial statement disclosures.
What You Receive
Reports structured to be readable, not just accurate
The numbers adding up is the starting point, not the goal. Ashgrove formats every report so property managers can read them quickly — and share them with owners without needing to translate anything.
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Per-unit income and expense breakdown
Granular enough to spot cost issues at the property level, clean enough to share directly with owners.
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Net distribution calculations per owner
Rental income less expenses less management fee — the number owners actually care about, ready each reporting period.
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Lease liability amortization schedules
Compliant calculations with the supporting documentation your auditors or accountants will want to see.
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Management fee tracking built into every report
Calculated, itemized, and visible — so your fee structure stays transparent across every reporting cycle.
In Practice
units per portfolio
The range Property Management Accounting was built to handle without losing the per-property detail.
active leases
The threshold at which Lease Accounting Compliance becomes particularly practical to outsource rather than track in-house.
service areas
Property management accounting, owner distributions, and lease compliance — each available on its own or together.
The Process
How the reporting cycle works
Setup is a one-time conversation. After that, the reporting follows a regular schedule each period with minimal back-and-forth required on your end.
Share your data
Send your property list, tenant ledger, and lease agreements. We'll confirm exactly what we need and in what format.
We organise and calculate
Income, expenses, fees, and lease entries are recorded and reconciled to the applicable period.
Reports delivered
Per-property summaries, owner statements, and compliance schedules arrive on the agreed schedule.
Repeats each period
Monthly or quarterly — the cadence fits your reporting cycle and renews without requiring you to restart the process.
About Ashgrove
A focused accounting practice, not a general one
Ashgrove works specifically with property managers and lease-heavy businesses. That narrow focus means less time spent explaining how property accounting works to us — and more time getting reports structured the way your owners actually want to see them.
We've been handling property management accounts since 2017. The reporting formats, the owner distribution conventions, the compliance documentation — this is what we do, not a sideline to something else.
8+
Years in property accounting
200
Unit ceiling per portfolio managed
3
Specialised service areas
Monthly
Report delivery cadence
Services
Three specialised services
Each one available on its own. All three are designed to work together if you need them to.
Property Management Accounting
Monthly per-property income and expense summaries, tenant payment tracking, owner disbursement calculations, and management fee reports. Built for portfolios of 10–200 units.
$450 USD/month + $5/unit
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Owner Distribution & Statements
Monthly or quarterly financial statements for property owners. Rental income, expenses, management fees, and net distribution — formatted for each owner's personal tax preparation.
$50 USD/owner/month
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Lease Accounting Compliance
Quarterly lease accounting for businesses with five or more active leases. Right-of-use asset calculations, liability amortization schedules, journal entries, and disclosure documentation.
$600 USD/quarter
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Ready to put your property records in order?
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