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Accounting Outsourcing Predictions for 2018 and Beyond

Accounting outsourcing is a trend that is on the verge of seeing a great transition. With available resources and advancement in technology, this sector will experience high demand in coming years. The outsourcing industry has seen a rise from 76.9 billion USD in 2017 to 88.9 billion USD in 2018. In the following years, this […]

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Preparing for the New Lease Accounting Standard

The Financial Accounting Standards Board and the International Accounting Standards Board issued new accounting standards in 2016. The new standards that are set to take effect in January 2019 redefine how organizations will recognize lease liabilities and assets on balance sheets and aims at disclosing key lease agreement information. Organizations have the responsibility to ensure […]

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Seven Advantages of Cloud Computing in Real Estate

Cloud Computing has been revolutionizing every industry, and the real estate sector is no exception. Cloud services can be used for marketing, property management and customer relationship management. By storing all the customer data in the cloud, it can be accessible from anywhere. Features like data-mining, shared storage and remote access not only save money, […]

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Things You Need to Look for while Outsourcing Your Accounting

One common mistake that small businesses and startups make is not going for the help they can easily get. It is naturally assumed that accounting should be handled in-house, hence, unnecessarily increasing the burden and inevitable challenges. Accounting and bookkeeping can easily be managed by outsourcing them, especially if you are a small company with […]

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Best Practices to Optimize your AP Process

Handling and managing accounts payables (AP) is barely considered a core business function. Unfortunately, most real estate businesses focus more on marketing strategies and making sales than managing accounts payable properly. However, poor management of the process can ruin a businesses’ relationship with vendors and limit its access to credit facilities. So, what are the […]

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Finance and Accounting Outsourcing: 5 Motivations Beyond Cost Cutting and Delivery

The business process outsourcing (BPO) industry came into existence by the end of the last century, but adoption picked up pace around a decade later with the explosion of the internet globally pushing its progress. The first generation of BPO’s were focused on reducing costs and ensuring smooth delivery timelines for their off-shore business partners. […]

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Top 5 Outsourcing Risks and How to Avoid Them

Outsourcing is soon catching business trends. Small and medium 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 tasks, enterprises are making […]

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What Should a Good Real Estate Dashboard Cover?

With an overall increase of 6.5 percent in U.S. housing stock in 2017 alone, the last couple of years have been robust for real estate market of USA. Keeping up with the trend, real estate developers and firms are leaving no stone unturned to completely revamp their management systems either through ongoing tracking of portfolio […]

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Yardi Systems – An Overview

Yardi Systems is a leading provider of high-performance software solutions for real estate sector essentially in real estate accounting and property management accounting/property accounting. Yardi Products – Types Yardi’s Systems Inc has grown as a Multinational Corporation in the field of property management accounting software services with its flagship products that include – Voyager Genesis […]

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A Deep Dive into Outsourced Real Estate Accounting – Month End Closing Process Snapshot

Client Type Multi-family Residential/Student Housing Accounting Software Yardi (Genesis and Voyager), Appfolio, MRI Accounting System Accrual Based Accounting with PO based AP System. AP processed at site level with utilities being processed at OHI end. The same process with some minor changes would be valid if AP is also processed at OHI end. Move-Ins and […]

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