Common use of General Ledger Clause in Contracts

General Ledger. Submit a General Ledger generated by the property management system providing all detail activity and posted entries for the applicable reporting period. Invoices: Send copies of all invoices for lease commissions, tenant improvements and capital improvements. Owner will calculate all depreciation and amortization expense, thus the need for copies of the supporting documentation for audit purposes. Accounting Period: The accounting period cut-off day is the 20th of each month. The monthly management report and supporting detail should be submitted to the property management system as an attachment in the Property section no later than the 2nd business day of the following month. Actuals Application: All monthly income and expenses must be entered into the property management system by Manager no later than the 2nd business day of the following month.