Real Estate Accounting in Boise
Idaho lets the lease set the deposit return period within a statutory ceiling, which means the deadline is a document question rather than a fixed rule. Boise portfolios assembled from multiple lease templates over years of growth often have several different clocks running at once.
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Idaho rules that apply here
- Deposit return deadline
- 21 days by default, up to 30 if the lease says so
- Statute
- Idaho Code 6-321
Why Idaho Real Estate Professionals Choose REA
AppFolio Expertise, Applied to Boise
Experts in AppFolio Bookkeeping
Under 6-321 the refund is due within 21 days where the agreement fixes no time, and in any event within 30 days of surrender. So the lease can extend the period up to 30 days but cannot go beyond it, and where the lease is silent the shorter 21-day rule applies. A portfolio using one workflow for every unit is applying whichever clock happens to be built into the process rather than the one each lease actually created.
Assigned, Responsive Team
That makes the lease an input to the accounting calendar. We record the applicable period per tenancy from the agreement rather than assuming a portfolio default, because the difference between 21 and 30 days is exactly the margin in which a move-out file gets finished.
Accurate Monthly Bookkeeping
Idaho also asks for more than an itemisation. Any refund short of the full deposit must be accompanied by a signed statement itemising the amounts retained, the purpose for each, AND a detailed list of expenditures made from the deposit. That last element is a spending record, not a charge schedule, so the evidence has to show what the money was actually used for rather than what it was assessed for.
Deposit Compliance for Boise Portfolios
Idaho Code 6-321
Idaho 6-321 lets the LEASE set the refund period within a statutory ceiling: 21 days where the agreement fixes no time, and in any event no more than 30 days after surrender. The deadline is therefore a document question rather than a fixed rule, and a portfolio built from several lease templates has several clocks running at once.
Idaho asks for more than an itemisation. Any refund short of the full deposit must carry a SIGNED statement itemising the amounts retained, the purpose of each, AND a detailed list of EXPENDITURES made from the deposit. That last element is a record of spending rather than of assessment, so the deposit ledger has to connect to the maintenance ledger: charges must trace to invoices, labour records or materials cost. Wrongful withholding carries treble exposure plus fees and costs.
All Idaho requirementsHow we keep you inside it
- Deposit liabilities tracked per tenant in AppFolio, so a 21 days by default, up to 30 if the lease says so deadline is answerable from the ledger
- Trust accounts reconciled three ways every month
- Deduction documentation recorded against the correct ledger
- Aging deposits flagged before the statutory window closes
Appfolio Bookkeeping Services from REA
Available to Boise Operators
Trust Bookkeeping
Leverage Appfolio's powerful bookkeeping capabilities with REA's tailored service.
See how it worksCorporate Bookkeeping
REA's skilled team, in combination with Appfolio's comprehensive toolset, addresses the complexity of your corporate financial activities.
See how it worksBank Reconciliations
Employing Appfolio's state-of-the-art system, REA offers bank reconciliation services that brings meticulous accuracy to your finances.
See how it worksFinancial Diagnostic Cleanup
REA utilizes Appfolio's advanced diagnostic tools to swiftly and effectively troubleshoot financial anomalies.
See how it worksTrust Compliance
REA pairs its accounting prowess with Appfolio's detailed reporting to deliver comprehensive Trust Compliance Verification services.
See how it worksAppFolio Accounting & Bookkeeping Services
For Boise Portfolios
- Process Review & Set Up
- Bank Reconciliations
- AP / AR
- Accurate NOI, Balance Sheets
- Recording HUD's & Accruals
- Owner Distributions
- Monthly Statements & Reports
- Management Fees
- Corporate Bookkeeping
- Tenant Chargebacks
Take the Whole Close, or One Function
Boise operators use REA for the full monthly close or for the single function that has become a bottleneck. Each one is performed inside your AppFolio instance.
Trust Accounting
Compliant, audit-ready trust funds
Learn moreBank Reconciliation Services
Three-way reconciliation, every account
Learn moreAccounts Payable & Receivable
Bills paid, rent collected, owners paid
Learn moreBookkeeping Cleanup & Catch-Up
Back books fixed and current
Learn moreCAM Reconciliation
Annual commercial true-ups
Learn moreExperts In All Property Types
- Single-Family
- Multifamily
- Student Housing
- Affordable Housing
- Community Associations
- Commercial
Experts In All Property Types
Residential, commercial and everything in between. The asset class changes what the books have to prove, and our teams are staffed accordingly.
- Single-Family
- Multifamily
- Student Housing
- Affordable Housing
- Community AssociationsSee the page
- CommercialSee the page
Check Out What Our Clients Have To Say About Us
Property Managers, Investors & Owner Operators
As REA exclusively specializes in Real Estate, I rest easy knowing my financials are precise every month while saving money at the same time, an invaluable benefit.
I highly recommend Real Estate Accounting (REA) services from this group. They truly are great and have helped us tremendously at a time we needed it the most. I felt very comfortable giving up all my accounting responsibilities to this team and I'm still glad I made the decision to work with this group. Nothing less than an amazing experience!
REA and team have been nothing but excellent helping our firm with its day to day financial needs. Their expertise, professionalism, and timeliness have made our lives so much easier. We foresee a long relationship with REA and team.
Frequently Asked Questions
Is the Idaho deadline 21 days or 30?
Both, depending on the lease. Twenty-one days where the agreement fixes no time, and up to 30 where it does, but never beyond 30 from surrender. A portfolio-wide default applies the wrong clock to some leases.
What has to be in the statement?
A signed statement itemising the amounts retained and the purpose of each, plus a detailed list of expenditures made from the deposit. That last part is a record of what the money was spent on, not just what was assessed.
What is the exposure for getting it wrong?
Wrongful withholding exposes the landlord to damages plus attorney fees and costs, with treble exposure available on amounts wrongfully withheld.
More in Idaho
Other Idaho markets, the platforms we work in, and the functions available on their own.
AppFolio Bookkeeping for Boise
Schedule a call and we will review your AppFolio setup, your Idaho deposit handling, and what it takes to close clean every month.