How a ledger
is balanced.
Five terms from account to close — the same method whether the unit is a condo or a complex.
The roll
run.
Each term produces a record — that's how ledgers stay balanced, not just open.
Ledger filed
The client states the unit and the service; the office answers with a written ledger — account, service and timeline named before management.
Unit posted
The unit posts to the roll — account and timeline marked, the ledger updated before the balance runs.
Balances run
The work runs under the ledger — postings filed, accounts updated, status reported, everything balanced to the same roll.
Statements issued
The client receives the account — balances and status reported on a set cadence, not on request.
Ledger closed
The ledger closes with the roll reconciled — account, balance and sign-off handed over and kept for reference.
Rules the office
balances by.
Ledgered first
No account before the ledger — a written roll in place of a handshake.
Roll over memory
Units and balances live on the roll — the record, not recall, is the truth.
Posted entry
Accounts and statuses checked before posting — the unit stays open only if it's balanced.
Account-safe
Records and statements handled under the office's fiduciary terms — segregated, disclosed only as required.
Ledger handed over
Account, balance and sign-off go to the client at close — the record is theirs.
Scope is plain
What's managed and what's not is stated on the ledger — exclusions named, not assumed.
Asked at
the office.
Describe the unit and the service — the office answers with a written ledger including account, balance and timeline. Nothing posts without the ledger on file.
Both run on the same roll — residential units post under one cabinet, commercial under another. The ledger names which cabinet.
A written deliverable — unit posted, balances filed, status stated with the account named. It goes on the same roll as the rest.
Frequently — a portfolio that needs both management and escrow touches two cabinets. The ledger names the units and the account runs as one balance.
File the ledger,
on the roll.
Describe the unit, the service and the timeline — the office answers with a written ledger.
File a ledger