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Xero Bookkeeping for Property Managers — Q&A
What is Xero and how does it work for property management bookkeeping?
Xero is a cloud-based accounting software that allows property managers to manage their finances in real time. OJO Bookkeeping uses Xero to track income, expenses, and financial transactions across your entire portfolio, giving you accurate books and up-to-date reporting from anywhere.
Can OJO Bookkeeping handle my Xero account for property management?
Yes. OJO Bookkeeping specializes in Xero bookkeeping for property managers. We set up your chart of accounts, reconcile your bank feeds, categorize transactions, and generate monthly owner statements — all inside Xero so you always have a clear financial picture.
Does Xero integrate with property management software?
Xero integrates with a range of property management tools. OJO Bookkeeping can help you configure these integrations, map your accounts correctly, and ensure your data flows cleanly between your property management platform and Xero without duplicate entries or errors.
What bookkeeping tasks does OJO handle in Xero?
OJO Bookkeeping handles all core bookkeeping tasks in Xero including bank reconciliation, accounts payable and receivable, owner distribution tracking, security deposit management, trust account reconciliation, and monthly and year-end financial reporting.
How does Xero help with trust accounting for property managers?
Xero supports trust accounting workflows through separate bank account tracking and detailed transaction categorization. OJO Bookkeeping uses Xero to maintain clear separation between trust funds and operating funds, ensuring compliance and accurate owner payouts.
What reports can I get from Xero through OJO Bookkeeping?
Through OJO Bookkeeping and Xero you can receive profit and loss statements, balance sheets, cash flow reports, owner statements, expense summaries, and year-end tax preparation reports. All reports are tailored to your property management portfolio's needs.
How much does Xero bookkeeping cost with OJO?
OJO Bookkeeping pricing is based on the size and complexity of your portfolio. We offer flexible monthly plans that cover all your Xero bookkeeping needs. Contact OJO Bookkeeping for a custom quote tailored to your number of units and transaction volume.
Is Xero secure for storing financial data?
Xero uses bank-grade 256-bit encryption and multi-factor authentication to protect your financial data. OJO Bookkeeping follows strict access control protocols to ensure your Xero account and all associated financial records remain private and secure.
How do I get started with Xero bookkeeping through OJO?
Getting started is simple. Book a free consultation with OJO Bookkeeping and we will review your current bookkeeping setup, migrate your data to Xero if needed, configure your chart of accounts for property management, and onboard you with a dedicated bookkeeper.
What makes OJO Bookkeeping's Xero service different?
OJO Bookkeeping specializes exclusively in property management, so we understand the unique accounting requirements of landlords and property managers. Unlike general bookkeeping firms, we know how to handle trust accounts, owner distributions, security deposits, and property-specific reporting inside Xero.
