Real Estate Accounting

Real Estate Accounting & Bookkeeping

Our accounting services focus on maintaining accurate financial records, ensuring compliance with financial reporting standards, and providing critical financial insights to support real estate management and investment decisions.

Services

Accounts Payable (AP)

Process vendor invoices, ensure timely payment of property related expenses, and manage vendor relationships.

Accounts Receivable (AR)

Record and track tenant rent payments, process late fees, and manage collections for overdue accounts.

Tenant Billing

Prepare and distribute tenant invoices for rent, utilities, CAM (Common Area Maintenance), and other charges, ensuring accuracy and timeliness.

Budget Tracking

Monitor budget performance throughout the year and recommend adjustments as needed.

Property Tax Reporting

Manage and file real estate property taxes, ensuring timely payment and compliance with local tax laws.

Debt Management

Maintain accurate records of loans and mortgages associated with properties, track payments, and manage lender relationships.

Our real estate accounting services ensure financial accuracy, operational transparency, and strategic support for property management and investment activities.

Financial Reports

Preparation of periodic financial statements, including income statements, balance sheets, and cash flow statements for each property.

Annual Financial Statements

Prepare annual financial statements, including audit support if required, in accordance with GAAP (Generally Accepted Accounting Principles) .

Variance Analysis

Perform monthly and quarterly variance analysis to compare actual results to budgets and explain material variances.

Annual Budget Preparation

Develop and prepare annual operating and capital expenditure budgets for each property in collaboration with property management teams.

Financial Forecasting

Provide financial projections and cash flow forecasting to support strategic decision making.

Bank Reconciliation

Perform monthly bank reconciliations for all property accounts, ensuring accuracy in financial records and identifying discrepancies for timely resolution.

Revenue Recognition

Ensure accurate accounting of lease revenue, including base rent, percentage rent, and escalation clauses in accordance with applicable accounting standards.

CAM Reconciliation

Prepare Common Area Maintenance (CAM) reconciliations, ensuring tenants are billed appropriately for shared property expenses.

Loan Covenant Reporting

Ensure compliance with loan covenants, including timely reporting of required financial metrics and ratios to lenders.

Audit Preparation

Provide support for internal and external audits, including preparing necessary financial documents, reconciliations, and schedules.

Compliance with Internal Control

Ensure financial transactions are compliant with internal control processes and procedures to safeguard assets.

Income Tax Preparation

Coordinate with CPAs on the preparation of annual tax returns for real estate entities and properties, ensuring compliance with federal, state, and local tax regulations.

Tax Planning

Work with CPAs to provide tax planning strategies to minimize tax liabilities and optimize after tax returns on property investments.

Lease Abstracting

Review and abstract key lease terms and conditions for financial reporting purposes.

Cash Flow Management

Monitor cash flows, ensuring adequate liquidity for property operations, capital expenditures, and debt service requirements.

Key Performance Indicators (KPIs)

Track and report on KPIs such as Net Operating Income (NOI), Debt Service Coverage Ratio (DSCR), and Return on Investment (ROI).

Property Valuation Support

Assist in financial analysis and reporting required for property valuation, including discounted cash flow analysis and capitalization rate calculations.

QUICK LINKS