The Overlap: Bridging Estates Management and Accounts Payable

In this episode of 'That Retail Property Guy,' host Gary Marshall explores the relationship between estates management and accounts payable within a retail setting, especially the importance of communication and collaboration between property and finance teams. He discusses the significant expenditures retail businesses face, including rents and service charges, and the complexities of tracking and managing these costs effectively. The episode also delves into the intricacies of financial periods and calendars, offering insights into how they impact business planning and profitability. The key takeaway is the value of understanding and optimizing the Venn overlap between estate and finance functions to drive profitability, efficiency, and better business outcomes.

00:00 Introduction to That Retail Property Guy

00:16 Understanding the Venn Overlap

00:52 The Retail Office Layout

03:58 Challenges in Property and Accounts Communication

05:51 Demystifying Property Accounting

11:37 Financial Calendars Explained

15:37 The Impact of Financial Periods on Business

21:59 Conclusion and Future Topics

Send us a text

Never miss an episode! Follow and like That Retail Property Guy on your favourite podcast platform - available on Apple, Spotify, Amazon and more.

Find out more and message us on the podcast website

Go to ThatRetailPropertyGuy for more on Gary Marshall, Smarter Estates and the TRPG podcast.
For Estate Management services, visit SmarterEstates
And find Gary and team on LinkedIn for regular updates and community info!