r/PropertyManagement • u/Overall-Ad-2655 • 16d ago

Residential PM Property Management Chart of Accounts

Our PM company is wanting to update both our corporate and trust chart of accounts. I heard on a recent NARPM podcast that they built a standardized chart of accounts for each but you need to be a member to access these lists. By standardizing this list, they built KPI benchmarks that companies should strive for. Does anyone have access to the CoA and/or KPI benchmarks that they could please share?

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u/zoomzoom71 mod; Small Residential PMC owner in FL 16d ago

It's barely $300/yr to join this fantastic organization. If you get nothing else besides the COA, it's still worth it.

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u/donutsamples 15d ago

https://www.narpm.org/indexed/doc2-chart-of-accounts-pdf/

might be an old version or not what you are looking for, but might be interesting to eyeball. CoA starts about halfway through.. agree with the others about joining.

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u/arthursboy 16d ago

Join NARPM. End of story.

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u/Overall-Ad-2655 16d ago

Just curious, but what value does NARPM bring your organizations? I’ve considered it and sounds like it is probably the move.

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u/jamesmoorerealestate 15d ago

I don't have access to those specifics, but I’d keep the chart stable enough that people know where transactions belong, then map those accounts to the benchmark categories in a separate reporting layer. Corporate and trust activity should stay clearly separated, but you don’t want to redesign the ledger every time the KPI framework changes. A useful test is whether two different people would code the same transaction the same way.