Functional Accounting Guide and Chart of Accounts (1999)
Make reporting your office building operation financials a breeze. The Functional Accounting Guide and Chart of Accounts provides an easy-to-use numbering system that allows you to segregate income accounting by type of occupancy (e.g. office rent, retail rent and parking rent) and by special activities (e.g. vendor income). Expenses, by contrast, are disaggregated according to the functional cause of the expenses, such as cleaning, repairs and maintenance, and utilities.

Up to four succinct levels of detail are provided. The first level reflects functional categories of building operations. The second level of detail generally addresses the means and methods by which building functions are achieved. Additional levels of detailed accounts are provided as subsets under the primary account numbers to give maximum flexibility in picking and choosing specific accounts that are necessary for a particular primary account.

The Functional Accounting Guide and Chart of Accounts is applicable to virtually any pre-existing chart of accounts in a private/public sector building or corporate facility. Best of all, it accommodates both cash- and accrual-based accounting. BOMA's Chart of Accounts has been an industry standard since 1920.
The Functional Accounting Guide and Chart of Accounts is available as a soft-cover book only. This publication is 39 pages.

Copyright 1999 by the Building Owners and Managers Association (BOMA) International. All rights reserved. No portion of this document may be reproduced without permission.