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Financial Reports – Are They Worthless?

July 27, 2022

Financial Reports - Are They Worthless (1)

By the Accounting Team, Summerfield Management

In order for a financial report to be valuable, it needs to be thorough, accurate, and relevant.
A sharp haircut and a new business suit can boost your confidence, but an accurate report that lets you know your building is achieving your goals — that’ll allow you not to worry and focus that energy on better things. 

Who doesn’t want to feel on top of their game?

Summerfield’s comprehensive standard financial report includes:
  • Summary Letter
  • Budget Comparison Report
  • YTD Monthly Profit and Loss Report for the current year
  • 12-Month Statement for the prior year
  • Cash Flow Statement
  • Comparative Balance Sheet
  • Rent Roll
  • Security Deposit Activity Report
  • Accounts Receivable Aging
  • Bank Statement and Reconciliations
  • General Ledger
  • Payment Register
  • Cash Disbursements & Invoices

A comprehensive report might not be very entertaining to read, but it’s worth your time if it can provide you with the information you need to evaluate if your Management company is meeting your operations goals.

Do you need a custom report?

For the right client, we’ve been known to provide one. Let us know what you have in mind.

Book a call here to discuss.


Robert Parmar

Southeast Region








Trevor Manning

Northwest Region





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Summerfield specializes in the management of apartment properties that are approximately 125 units or larger, and is licensed to manage in Washington, Oregon, Idaho, Florida, Georgia, & South Carolina.

If you would like to discuss additional specifics of our management program, please reach out to our Managing Director, Robert Parmar at or call 770-628-5943.

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