Financial Reporting

Comprehensive Financial Reporting

We provide transparent, secure monthly financial reporting through our advanced, fully automated web-based accounting system, so you always have clear insight into your investment. Our real-time financial statements and detailed reporting tools make tracking income, expenses, and cash flow simple and reliable.

• Secure Owner Portal access 24/7; log in anytime to view, download, and review owner statements and income reports.
• Convenient self-service tools for statement review, reporting, and document retrieval.
• Downloadable owner statements, transaction histories, and customized income reports.

Use the Owner Portal to review and manage core property financials and services:

• Online rent collection and payment processing
• Timely payment of maintenance vendor invoices
• Payment of owner-authorized monthly charges
• Owner statements with direct deposit via ACH to your bank account

Annual reporting and tax compliance:

• Year-end tax statements and 1099s
• Annual summary owner statement for tax preparation and performance review

Standard Financial Reporting Package:

Assets ranging from 1-20 units are provided the following every month:

• Owner Statement — reflects income collected, every expense paid, management fees deducted, and then the net amount distributed to the owner or held in reserves
• Rent Roll — lists every unit with the tenant's name, lease dates, amounts charged, and balance owed.
• Cash Flow Summary — simplified income minus expenses for the month.
• Maintenance / Work Order Log — every work order opened and closed that month, the cost, and whether it was done in-house or by a 3rd party.

Assets ranging from 20 to 500 units plus assets. These are geared more towards institutional investors who engage us to handle all aspects of their financial reporting.

• Balance Sheet — reflects the financial position of the asset at the end of each month.
• Income Statement — profit and loss statement for the reporting month
• Income Statement Trailing 12 — profit and loss statement for the prior 12 months.
• General Ledger — full transaction detail. For the larger assets, this is a standalone report
• Trial Balance — internal accounting integrity check made visible to ownership
• Rent Roll — standard like with the smaller assets
• Aged Resident Receivables, with notes — delinquency report broken out by 30/60/90+ days
• Payments in Transit — important for trust accounting accuracy. It reflects payments made that haven't been deposited into the bank account
• Work Order Log — standard, like with the smaller assets
• ** For any asset over 100 units, we create separate operating accounts for. The only addition to the monthly financial delivery is a Bank Reconciliation.

Wellsway Management combines hands-on property stewardship with technology-driven financial systems to protect cash flow, support compliance, and deliver transparent owner reporting. Log in to your Owner Portal or contact us to learn more about how our reporting and accounting services safeguard and grow your investment.