Introduction
If you’re managing properties through AppFolio and find yourself putting off bank reconciliations, you’re not alone. Many property managers get so caught up in the day-to-day that back-office tasks like bookkeeping fall behind. But here’s the truth — falling behind on reconciliations can cause serious problems down the line, from financial inaccuracies to major compliance risks. It’s more than a bookkeeping issue — it’s a business risk.
In this post, we’ll break down why reconciliations are crucial, what happens when you’re behind, and how you can get back on track — without losing your mind.
Why Reconciliations Matter in AppFolio
Reconciling your accounts means matching your internal records with your bank and credit card statements to ensure everything lines up. In AppFolio, this helps you ensure all income and expenses are accounted for properly and that nothing’s missing, duplicated, or incorrectly recorded.
Key Reasons to Reconcile Regularly:
- ✅ Accurate financial reporting – You can’t manage what you can’t measure.
- ✅ Compliance and audits – Clean books protect you in case of tax audits or owner reviews.
- ✅ Owner trust – Owners rely on you for accurate financial data. Messy books erode confidence.
- ✅ Catch fraud or errors early – Regular reconciliations make it easier to spot suspicious or accidental transactions.
