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What Does it take to be a Real Estate Accountant? Job Description, Duties and Requirements

Real estate accounting or real estate property accounting requires strong acumen to process, track, and record the day to day transactions due to revenue recognition being more complex when compared to any other business. Hence, it requires a duly qualified real estate accountant to record, analyze, and report the real estate accounting transactions. Qualifications Required […]

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Lease Administration: The Growing Real Estate Necessity

The U.S. Bureau of Labor Statistics (BLS) foresaw projections for Lease Administrators to grow at a faster than average rate of 10% from 2016-2026. Interestingly, Real Estate Sales Agents were projected to experience a 6% rise in jobs in the same period. Why Outsource Lease Administration? Very few businesses possess in-house, a lease administrator’s expertise. […]

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Choosing an Entity Management System

Using an entity management system for your business can help you maintain efficiency and seamlessly run your day-to-day business workings. And you can focus more on other important business consideration when you don’t have to worry over minor everyday details. The demands of today’s global economy require you to have an entity management system to […]

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Outsource Accounts Receivable Services to Manage Your Business in a Better Way

Accounts Receivables or AR can be explained as the dues from the credit customers or the clients. If you are not receiving your payments on time, then what you need is an efficient system that will help you get it done without wasting your time. And we have just what you are looking for. There […]

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Best Strategic Entity Management Practices for Your Company

With the tremendous growth of the business structures, the management of these different businesses effectively has also become very complicated. Many corporations create separate entities. In order to achieve business goals, risk management of assets and regular regulatory compliance. The problems of cyber hacking, higher regulatory burdens and reputation risk have recently increased in the […]

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Finance & Accounting – Profit from Outsourced Accounting Services

To achieve success in business, we have to not only ensure that our existing customers are retained but also make concerted efforts to expand our horizons to acquire new customers. The bottom line for every business is profits, and we need to assess the contribution of each business function to the business profitability. One of […]

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The New Revenue Recognition Standard

For almost all entities barring a few like financial institutions, revenue is the largest single figure in the financial statements. The figure ascertains an entity’s financial performance and position. While it might be accepted that profit is generally considered the most important single pointer of corporate financial performance, revenue does not fall far behind. The […]

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The Pros and Cons of Outsourcing Accounting Functions

Accounting is a requirement for all companies across industries. Therefore, hiring a in-house accounts personnel is a common practice. However, there is another alternative that most companies fail to consider due to misconceptions and other priorities. Outsourcing accounting tasks is a possibility worth considering. But is it the perfect match for you? Let us see […]

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Restaurant Accounting: How It’s Different!

If you are a restaurant owner, or a prospective accountant exploring various career avenues, you may have wondered how restaurant accounting might be different from other forms of accounting. It’s all relative and similarly structured in the full verse of accounting. However, there are key differences that diversify the field of accounting as per various […]

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Budget – The Key to Business Profitability

Every business needs to have a revenue target which they need to fulfill within a given time frame. There may be deviations from the path to achieving the objective, but eventually, we can attain the goal if we have a specific plan. The path or road map that we need is a budget, and it […]

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