The global pandemic, COVID-19, has impacted companies of every size as they are trying their level best to contend with economic and health challenges. Companies across the globe are operating as remote firms, working virtually from their homes, in an attempt to storm through this financial crisis that has resulted as an outcome of the […]
Archive | July, 2020
How Bank Reconciliation Works and Why It Is Important
Reconciliation of your business bank account implies that you are comparing your internal financial records against the records supplied to you by your bank. A monthly bank reconciliation enables you to identify any suspicious transactions that could potentially be fraud or accounting errors, and the practice also helps you identify inefficiencies. Bank Reconciliation – Mode […]
What Should a Monthly Property Management Report Cover?
Property owners expect a proper property management report to keep track of their assets. The property management company gives the owner a clear understanding of their asset using financial reports. Property management reports need to consider the scope and objectives of the report. Who Needs a Property Management Report? Property management reports are needed by […]
Real Estate Budgeting – Creating Budgets for a Successful Real Estate Business
You are focusing on your business and providing the best service possible to your clients and expanding your business, but are you successful? Your answer might be ‘yes’, of course, you are! But wait, having a great marketing strategy to take your business to the next level is only half the battle won. You also […]
Best Accounting Practices for Property Management Firms [Infographic]
Accounting itself seems a bit complex situation to handle for many businessmen. And when it comes to property management accounting, the property managers have to take care of land, rents, invoices etc. in a meticulous manner which makes it quite a tedious task to undergo. As we know that real estate – sales and purchase are […]
