Chart of Accounts

A chart of accounts is a created list of the accounts used by a landlord or property manager to define each class of items for which money or the equivalent is spent or received. There are five main types of accounts in accounting: assets, liabilities, equity, revenue, and expenses. Each type is a categorization and has a unique role.

Assets: amounts a property/company owns

Examples include:

• Bank account(s)

• Accounts Receivable

• Property

• Fixed Equipment

Liability: amounts a property/company owes

Examples include:

• Security Deposits

• Prepaid rent

• Credit Cards

• Pet Deposit

Equity: amounts that are owned by a property owner

Examples include:

• Owner contribution

• Owner draws

Income: amounts that a property earns

Examples include:

• Rent

• Association Fee

• Late Fees

Expenses: amounts that a property spends

Examples include:

• Management Fees

• Utilities

• Supplies

• Repairs

ManageCasa provides a Chart of Accounts within your Accounting Portal. You can filter your chart to view each individual account type, edit and organize line items, and hide and activate accounts based on your unique preferences.