To say that real estate outsourcing accounting is complicated would be an understatement. The large sums of money moving in and out while selling and investing in properties can be daunting. These numbers need to be handled efficiently and accurately to maximize profits and adhere to the legal regulations. Any oversight or error in accounting […]
Archive | June, 2020
Your Guide to Designing and Building an Efficient Financial Dashboard
What is a Financial Dashboard? Financial dashboards are comprehensive management tools that help organizations to keep track of relevant financial KPIs and take quick actions on the pressing financial issues. It helps with providing an efficient cash management solution that allows keeping a check on factors such as revenue, expenditure, profitability, etc. In today’s fast-paced […]
Using a Lease Management/Lease Administration Software
If you’d ask any real-estate executive of a company, “how do you manage the lease portfolio of your organization?”, they are likely to offer you spreadsheets or other similar software as the answer. However, the increasing complexity of the lease accounting landscape has made it difficult to determine whether a lease agreement is following regulations […]
All You Need to Know About Choosing the Right Real Estate Accounting System
Property management, in simple terms, involves the administration, supervision, and maintenance of various residential and commercial properties with the primary aim to generate income and enhance value. Be it premium apartments, condominium units, shopping centers, or rental houses – property management requires landlords, owners and property managers to oversee challenging asset-based portfolios and streamline routine […]
Factors Influencing Finance & Accounting Outsourcing Success [Infographic]
Outsourcing Finance & Accounting (F&A) role has been a popular trend today. The main benefits of accounting outsourcing include cost reduction, efficient processes and accurate reporting. Aside from this, it has helps the business owners to focus on core competencies. Outsourcing the finance and accounting function decision will have a long-lasting impact both on the […]
Real Estate Outsourcing Risks and How to Avoid Them [Infographic]
Real Estate Outsourcing is soon catching business trends. Small and medium real estate businesses exclusively stand to benefit from the inherent advantages of outsourcing. One of the most inherent advantages of this practice is that a business tends to incur efficient gains from a healthy and long-lasting competitive advantage. Right from outsourcing accounting to marketing […]
