Real Estate Accounting in Manchester
New Hampshire calculates deposit interest at the rate paid by the specific institution holding the money, not at a rate the statute sets. That makes the bank account itself an input to the calculation.
Proud AppFolio Stack™ Partners, working directly inside your AppFolio instance.
New Hampshire rules that apply here
- Deposit return deadline
- 30 calendar days
- Statute
- RSA 540-A:7
Why New Hampshire Real Estate Professionals Choose REA
AppFolio Expertise, Applied to Manchester
Experts in AppFolio Bookkeeping
A landlord holding a deposit for a year or longer pays interest at a rate equal to that paid on regular savings accounts at the New Hampshire bank, savings and loan, or credit union where it is deposited. So two portfolios with identical deposits owe different amounts depending on where they bank, and a change of institution changes the obligation going forward.
Assigned, Responsive Team
That means the rate has to be evidenced from the account rather than assumed. We record the applicable savings rate alongside the deposit ledger and refresh it when it moves, because a calculation resting on a remembered or estimated rate is not supportable and the tenant is entitled to what the account actually pays.
Accurate Monthly Bookkeeping
The one-year threshold makes tenancy length the trigger, so a portfolio has deposits accruing interest and deposits not accruing, side by side, and the boundary moves as tenancies mature. Return of the deposit and payment of the interest due are both required within 30 days of termination, with a written itemised list of any damages claimed.
Deposit Compliance for Manchester Portfolios
RSA 540-A:7
New Hampshire RSA 540-A:7 requires the deposit returned AND any interest due paid within 30 days of termination, with a written itemised list of any damages claimed. Deposit and interest settle together as one payment, so a portfolio that never accrued cannot produce a correct return even when it meets the deadline.
The interest rate is not set by statute. A landlord holding a deposit for a YEAR OR LONGER pays interest at a rate equal to that paid on regular savings accounts at the New Hampshire bank, savings and loan association or credit union WHERE IT IS DEPOSITED. The bank account is therefore an input to the calculation: two portfolios with identical deposits owe different amounts depending on where they bank, and changing institution changes the obligation.
All New Hampshire requirementsHow we keep you inside it
- Deposit liabilities tracked per tenant in AppFolio, so a 30 calendar days 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 Manchester 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 Manchester 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
Manchester 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
Real Estate Accounting truly is a special company. They helped as if they were a part of our company, with the concern and caution as an employee would have, but even more. They quickly ascertained our needs and developed an effective team to help with our accounting needs. They were extremely responsive and always accurate. I would recommend their services to anyone who needs help with their property management accounting.
Adam the owner took a personal interest in my situation and was willing to work with me to see if his company was a good fit. I may be too small for them but I would highly recommend them to anyone considering a bookkeeper for their property management business.
Following a series of erroneous financials from my previous bookkeeper, who lacked expertise in real estate, it's been truly remarkable to receive not only accurate financials on a consistent basis but also proactive advice without prompting. The REA team is a game-changer in real estate accounting!
Frequently Asked Questions
What interest rate applies to New Hampshire deposits?
The rate paid on regular savings accounts at the specific New Hampshire institution where the deposit is held. Two portfolios with identical deposits can owe different amounts depending on where they bank.
When does interest start accruing?
Where the deposit is held for a year or longer. That makes tenancy length the trigger, so a portfolio has accruing and non-accruing deposits side by side with the boundary moving as tenancies mature.
What is due at the end?
The deposit and any interest due within 30 days of termination, with a written itemised list of any damages claimed against it.
More in New Hampshire
Other New Hampshire markets, the platforms we work in, and the functions available on their own.
AppFolio Bookkeeping for Manchester
Schedule a call and we will review your AppFolio setup, your New Hampshire deposit handling, and what it takes to close clean every month.