TRACC has successfully been providing outsourcing property accounting services to the commercial property industry for the past 10 years.

The specialist nature of our accounting service has enabled us to develop expert skills in this area and refine our procedures and systems to maximize our clients' benefits. This specialisation has ensured the consistent delivery of a high quality service across different regions.

Property Accounting

  • supplier invoice processing
  • supplier payment processing
  • tenant invoice generation
  • property and lease maintenance
  • profit and loss reporting (owners' reports)
  • tenancy schedule/rent roll reporting
  • bank reconciliations
  • key performance indicator analysis

Reconciliation

  • annual preparation of reconciliations between variable outgoing/CAM charges and relevant building expenses
  • preparation of letters to tenants
  • processing adjustments to tenants accounts

Budgets & Forecasting

  • annual budget preparation
  • budget uploads
  • variance reporting
  • forecast reporting

Arrears Management Facilities

  • customised arrears letters
  • rent paid to date reporting
  • real-time charting of arrears position
  • direct debit facility