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Benefits of Outsourcing Accounting Back-Office Operations

Benefits of Outsourcing Accounting Back-Office Operations

The global Coronavirus pandemic has adversely impacted businesses across multiple domains. It has changed the definition of normal, and a new normal has taken over, forcing people and businesses to sustain accordingly. The nationwide shutdowns impacted a majority of industries […]

  • July 28, 2021
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The Basics of Cash Flow Management for Real Estate Investors

The Basics of Cash Flow Management for Real Estate Investors

Managing cash flow (Cash Flow Management) is the key to manage a business efficiently, and it’s the same for the real estate business. It is cash that helps you pay your bills for your real estate business to survive. But […]

  • July 26, 2021
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Helpful Tips for Real Estate Agents Who Need Professional Accounting Help

Helpful Tips for Real Estate Agents Who Need Professional Accounting Help

As a real estate agent, your goal is to help connect as many buyers and sellers of properties as you can to maximize your revenues. If you thought closing a sale was where your job ended, you are on the […]

  • July 21, 2021
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Top Accounting Mistakes in Real Estate Industry [Infographic]

Top Accounting Mistakes in Real Estate Industry [Infographic]

Real estate accounting is the backbone of the real estate industry. Real estate entities need to fully understand their current financial accounting, regulatory and compliance reporting requirements. This level of awareness helps in reducing the inherent risks of various transactions […]

  • October 15, 2020
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Common Accounting Outsourcing Myths [Infographic]

Common Accounting Outsourcing Myths [Infographic]

Small business owners face daily challenges on many fronts, from generating customer happiness, to managing inventory, to promoting their products/services and to fighting competition. One of the most crucial ones is running an efficient accounting department.  A business owner often […]

  • September 30, 2020
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What You Should Know About the Triple Net Leases

What You Should Know About the Triple Net Leases

If you’re a landlord, you must be wondering what would be your best option when it comes to leases in order to optimize returns. It should have the least hassles when it comes to expenses and long-term steady flow of […]

  • September 25, 2020
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A Detailed Review of Buildium Property Management Software

A Detailed Review of Buildium Property Management Software

Buildium Property Management Software is a cloud-based tool that helps in managing and streamlining business activities, including vacancy management, rents & payments, maintenance cycle management, and accounting. This software can be utilized for daily activities, such as sending reminders and […]

  • September 23, 2020
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Cloud Based Tools Facilitating Outsourcing [Infographic]

Cloud Based Tools Facilitating Outsourcing [Infographic]

Information technology has undeniably changed the way in which firms simplify their processes and expand their business vision. The outsourcing companies are continually expanding their horizons to give the best of the service efficiently to their customers. For example, in […]

  • September 17, 2020
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5 Steps to Successful Real Estate Accounting and Bookkeeping for Investing Startups

5 Steps to Successful Real Estate Accounting and Bookkeeping for Investing Startups

As a real estate manager, you are already aware of the altering aspects of the industry, which makes accounting a tedious task. Especially in this sector, you need to keep track of the myriad of state and national regulations and […]

  • September 8, 2020
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Best Accounting Practices For Real Estate Investors

Best Accounting Practices For Real Estate Investors

Investing is called the game of numbers and luck. With luck being out of one’s hand, knowing one’s numbers becomes the only possible factor that separates the good from the great. The numbers of any business lie in its balance […]

  • August 27, 2020
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Pricing Options for Accounts Payable Outsourcing Services

Pricing Options for Accounts Payable Outsourcing Services

Accounts payable outsourcing is a process where accounts payable of a company is managed by a third party service provider. This means, as a business, you handover your accounts payable process to a company that specializes in it. Through account […]

  • August 20, 2020
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In-house Accountant VS Outsourced Accounting – The Better Option?

In-house Accountant VS Outsourced Accounting – The Better Option?

If you want to be a successful business owner, then you need to take care of more than just your market share. You must have details of all the accounting transactions in your business depending on the industry you belong […]

  • August 13, 2020
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Critical Commercial Lease Terms That You Should Know

Critical Commercial Lease Terms That You Should Know

Renting a commercial zone is a monumental duty as the chances of triumph or failure of your firm depends on the specified terms of the lease agreed upon by the corporate tenant. i.e. commercial lease terms. Before approaching a property […]

  • August 6, 2020
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The Role of an Outsourced Accounting Service Provider during COVID-19

The Role of an Outsourced Accounting Service Provider during COVID-19

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 […]

  • July 31, 2020
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How Bank Reconciliation Works and Why It Is Important

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 […]

  • July 29, 2020
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What Should a Monthly Property Management Report Cover?

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 […]

  • July 24, 2020
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Real Estate Budgeting – Creating Budgets for a Successful Real Estate Business

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 […]

  • July 14, 2020
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Best Accounting Practices for Property Management Firms [Infographic]

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 […]

  • July 9, 2020
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Real Estate Outsourcing Accounting – Why and How?

Real Estate Outsourcing Accounting – Why and How?

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 […]

  • June 29, 2020
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Your Guide to Designing and Building an Efficient Financial Dashboard

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 […]

  • June 26, 2020
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Using a Lease Management/Lease Administration Software

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 […]

  • June 24, 2020
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All You Need to Know About Choosing the Right Real Estate Accounting System

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 […]

  • June 18, 2020
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Factors Influencing Finance & Accounting Outsourcing Success [Infographic]

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. […]

  • June 12, 2020
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Real Estate Outsourcing Risks and How to Avoid Them [Infographic]

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 […]

  • June 6, 2020
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7 Property Management Tips for Landlords During COVID-19

7 Property Management Tips for Landlords During COVID-19

The global pandemic, COVID-19, has impacted every sphere of human dwelling. Under such challenging situations, where every state, country, or region is following its own set of regulations to fight and cope with the present scenario, even landlords and property […]

  • May 29, 2020
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Your Guide to Making the Move to Cloud Accounting

Your Guide to Making the Move to Cloud Accounting

The recent Covid-19 pandemic has set forth a new trend for corporates and enterprises – working from home. With lockdown and social distancing rules being practiced everywhere, adopting cloud accounting solutions for your business is the wisest move you can […]

  • May 27, 2020
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6 Practical Reasons Why You Should Outsource HOA Accounting

6 Practical Reasons Why You Should Outsource HOA Accounting

If you manage a homeowners association and intend to cut costs, you should consider outsourcing accounting to a professional financial services firm. Outsource HOA accounting is an economical solution that can save your association a large sum of money in […]

  • May 25, 2020
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Understanding Homeowners Association Accounting – HOA Accounting

Understanding Homeowners Association Accounting – HOA Accounting

If you are a member on the board of an HOA, then HOA accounting becomes a financial obligation for you. You will need to take responsibility for the accuracy of the financial statements and reports of the association. HOA can […]

  • May 23, 2020
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Benefits of Outsource Accounting Services During the Coronavirus Outbreak

Benefits of Outsource Accounting Services During the Coronavirus Outbreak

The Coronavirus pandemic has taken a heavy toll on the regular operation of almost every sector. Businesses have been adversely hit, leading to a shortage of staff and equipment, disrupted cash flow, and other anomalies. It is getting laborious for […]

  • May 21, 2020
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Why Lease Abstract Services Are Important for Effective Data Management

Why Lease Abstract Services Are Important for Effective Data Management

Getting lease abstract services helps you to get relevant data from a lease document. This is usually signed by both the tenant as well as the landlord. Furthermore, these services have gotten enough recognition during the present time. The better […]

  • May 19, 2020
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Understanding COVID 19’s Impact On The Real Estate Sector

Understanding COVID 19’s Impact On The Real Estate Sector

The COVID 19 or Coronavirus crisis has affected the entire world quite drastically. It has been classified as a ‘pandemic’ by the World Health Organization (WHO). Currently, the pandemic has made a significant impact on both human civilization and the […]

  • April 30, 2020
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Everything You Need to Know Before Choosing QuickBooks Online or Desktop

Everything You Need to Know Before Choosing QuickBooks Online or Desktop

QuickBooks is a best-selling suite of programs by Intuit, designed exclusively to rationalize complex financial operations that include budgeting, expense tracking, payroll, inventory, and sales. The software caters to all the financial needs of a small business firm. Some of […]

  • April 29, 2020
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The Role of a Bank Reconciliation Statement in Safeguarding Your Business

The Role of a Bank Reconciliation Statement in Safeguarding Your Business

To be a successful business person, you can’t just focus on providing quality products and services to your existing customers, you also need to keep an eye on your finances. There has to be proper checks on all financial transactions […]

  • April 27, 2020
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The 8 Most Common Small Business Accounting Mistakes

The 8 Most Common Small Business Accounting Mistakes

Small business accounting is an organized process which helps in keeping track of the financial activities of a company. Bookkeeping, on the other hand, is a systematic process of keeping a record of every single company transaction. Both the processes […]

  • April 23, 2020
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Managing Your Accounting Operations During The COVID 19 Pandemic

Managing Your Accounting Operations During The COVID 19 Pandemic

The COVID 19 pandemic has hit the world just at the advent of a new financial year. The economy, on the whole, has been majorly affected due to this global mishap. However, our spirits are high, and humanity will bounce […]

  • April 21, 2020
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CAM Audit: What is it and Why is it Important?

CAM Audit: What is it and Why is it Important?

A business premise plays a vital role in an organization’s market survival, making its maintenance and management a pivotal practice. No matter your business scale, a business owner is always burdened with an abundance of responsibilities. From monitoring business funds, […]

  • April 16, 2020
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Your Guide to Building an Effective Lease Administration Process

Your Guide to Building an Effective Lease Administration Process

Efficient lease administration process in any company aids the organization to achieve a scalable, streamlined and convenient processing of commercial real estate operations. It further helps in eliminating cost redundancy and unnecessary legal exposure. Unlike administration that merely deals with […]

  • March 24, 2020
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Yardi Voyager Features and Pricing

Yardi Voyager Features and Pricing

Yardi Voyager is a software that assists in the management of commercial and residential properties. It offers a vast array of benefits to the real estate industry and assists in the management of both commercial and residential properties. Yardi Voyager […]

  • March 23, 2020
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Understanding The Lease Abstraction Process

Understanding The Lease Abstraction Process

Lease abstraction process refers to the way in which the important or crucial points covered in a real estate lease agreement are summarized. A lease abstract summarizes the key aspects of a lease agreement from a legal, business, and financial […]

  • March 20, 2020
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The Latest Outsourcing Trends That Are Likely to Shape the Markets in 2020

The Latest Outsourcing Trends That Are Likely to Shape the Markets in 2020

Outsourcing has been rapidly gaining popularity in recent times and has contributed to the reshaping of many industries, both within the country and outside. With the current changes in the world market, industries and organizations are using a lot of […]

  • March 18, 2020
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Property Managers Role in Property Accounting

Property Managers Role in Property Accounting

Introduction Most managers these days put their customers above everything, going out of their way to provide services, and bailing them out from unfortunate situations and crisis. However, while these acts of generosity help them build goodwill and reputation, they […]

  • March 13, 2020
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The Top Real Estate Investing Terms and Definitions Every Residential Property Investor Needs to Know

The Top Real Estate Investing Terms and Definitions Every Residential Property Investor Needs to Know

When you’re starting out as a property investor, the plethora of real estate investing terms might sound like nothing more than a lot of incomprehensible jargon. These hard-to-pronounce terms can initially seem somewhat intimidating. However, it is essential for investors […]

  • March 12, 2020
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What is the Difference Between Condo Strata HOA and Co-Op Association?

What is the Difference Between Condo Strata HOA and Co-Op Association?

When you speak to a real estate broker before buying an apartment, you come across a lot of jargon which might sound confusing. Do the words Condo Strata HOA and Co-op associations sound familiar to you? If they are, then […]

  • March 6, 2020
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5 Reasons Why Property Management Companies Fail

5 Reasons Why Property Management Companies Fail

Introduction Despite being a huge industry, property management is highly fragmented, with major property management firms having only a handful of employees. Initially, getting into the business might be easy, but keeping up and achieving success in the property management […]

  • March 3, 2020
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5 Tips for Commercial Property Management

5 Tips for Commercial Property Management

The fundamental ideology of commercial property management is no longer the maintenance of a building in today’s mercurial and ever-advancing market. The meaning has broadened to include maintaining and effectively handling of business as-well. The building must offer an intellectual […]

  • February 28, 2020
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6 Residential Property Management Accounting Tips

6 Residential Property Management Accounting Tips

Do you want to make the most out of your property investment? If your answer is yes, then here is a guide to help you out. Getting a tenant, regular rentals and ensuring lower vacancies are only part of your […]

  • February 26, 2020
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Five Reasons Why Property Management Businesses Are Thriving

Five Reasons Why Property Management Businesses Are Thriving

Introduction With over 23 million landlords and over 113 million renters in the U.S. alone, the number keeps increasing every day. Not everyone has hundreds of thousands of dollars to invest in real estate and rent it out. However, there […]

  • February 24, 2020
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8 Stress-free Property Management Tips for Landlords

8 Stress-free Property Management Tips for Landlords

As the owner of a property, you must be aware of how important it is to ensure that your investment is managed well. If you don’t keep track of your cash flows or guarantee that you are legally protected as […]

  • February 21, 2020
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Services That a Property Management Company Provides

Services That a Property Management Company Provides

As the owner of a rental property, there are a lot of issues that need to be taken care of relating to the property. Starting from screening the tenant to maintaining the property, you have to look into every aspect […]

  • February 20, 2020
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Six Paramount Characteristics of a Money Making Rental Property

Six Paramount Characteristics of a Money Making Rental Property

Are you on the lookout to purchase a residential rental property? Such a decision needs to be executed being extremely scrupulous of honey potting deals that break bad once you have invested your hard-earned money into them. There are some […]

  • February 17, 2020
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8 Must-Have Numbers for Evaluating a Real Estate Investment

8 Must-Have Numbers for Evaluating a Real Estate Investment

Against what most math-allergic people might prefer, real estate investment requires a level of math. Thankfully, most of the calculations involved in a typical real estate investment are simple. Moreover, there are also a wide number of advanced tools available […]

  • February 12, 2020
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Strategies for Optimizing your Accounts Payable

Strategies for Optimizing your Accounts Payable

Are you losing your key suppliers due to an inadequate tracking system of recording the due dates for payments? Do you find that you are not able to avail the benefits offered by suppliers in terms of discounts offered for […]

  • February 6, 2020
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Bank Reconciliation Process: A Step-by-Step Guide [Infographic]

Bank Reconciliation Process: A Step-by-Step Guide [Infographic]

A bank reconciliation process is whereby you compare your business sales and expenses records against your bank’s records. The process verifies your accounting numbers, ensuring the balance on your books reflects those shown on your bank statement. Businesses ought to […]

  • January 31, 2020
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How to Handle Outstanding Accounts Receivables?

How to Handle Outstanding Accounts Receivables?

The financial strength of a business can be assessed as to how quickly it can convert its current assets into liquid cash. Outstanding accounts receivable represents the crucial component of current assets. Any businessman would like to have his cash […]

  • January 29, 2020
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Common Accounts Payable Challenges and Solutions

Common Accounts Payable Challenges and Solutions

The amount owed by the business for the credit purchase of any goods or services is termed accounts payable. Accounts payable is vital for any business and a blunder in the accounts payable process can incur huge losses for the […]

  • January 27, 2020
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Benefits of Having a Good Accounts Receivable System in Place

Benefits of Having a Good Accounts Receivable System in Place

Liquid Cash is the backbone of every business enterprise. It is imperative to have a proper rolling of finances to keep a business stable and flourishing at all times. A good accounts receivable system contributes majorly towards business growth as […]

  • January 24, 2020
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A Simple Rental Property Accounting System for Small Landlords

A Simple Rental Property Accounting System for Small Landlords

Wouldn’t it be a lot convenient to have a system that simplifies all your transactions? Imagine a rental property accounting system that helps you keep track of all your transactions all throughout the financial year. The system we will consider […]

  • January 22, 2020
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5 Key Accounting Trends to know for 2020

5 Key Accounting Trends to know for 2020

According to a report by Sage released recently, 67% of the accountants believe that their profession is now more competitive when compared to past years. 83% say that their clientele today has higher expectations from them if we compare to […]

  • January 15, 2020
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Bank Reconciliations – Best Practices to Follow

Bank Reconciliations – Best Practices to Follow

The article focuses on the four aspects of bank reconciliations to help understand the best practices that should be adopted in all organizations. It is imperative that bank reconciliations be a part of your accounting practices. Businesses can follow these […]

  • January 8, 2020
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Choose the Best Way to Collect Your Rent (Rent Collection)

Choose the Best Way to Collect Your Rent (Rent Collection)

For those of you who are property owners or landlords, there is always one troublesome unanswered question – how do you make sure that you get your rent on time? The reason for this is very simple. The rent could […]

  • January 2, 2020
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US Real Estate Predictions: What You Should Expect in 2020

US Real Estate Predictions: What You Should Expect in 2020

We are just a few days away from 2020, and naturally, everyone is curious to understand how the real estate market in the US will turn up in the coming year. With the real estate industry taking up a considerable […]

  • December 26, 2019
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Steps to Choose a Perfect Accounting Outsourcing Service Provider

Steps to Choose a Perfect Accounting Outsourcing Service Provider

Outsourcing is a ‘one size fits all’ remedy that seems to help with cost-cutting initiatives in major corporations to small enterprises. It was the Fortune 500 Companies that first demonstrated that organizations could focus on customer service if they outsource […]

  • December 11, 2019
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How your Business Can Benefit from a Lease Audit (Why Audit Your Leases)

How your Business Can Benefit from a Lease Audit (Why Audit Your Leases)

Commercial leasing of space can be a complicated business. However, every business needs to lease at least one, or usually more kinds of commercial spaces, be it office, retail or warehousing. In spite of being an inseverable part of any […]

  • December 3, 2019
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Reports Every Property Management Company Should Provide

Reports Every Property Management Company Should Provide

How’s my property doing? That the most important question that every property owner needs answers to. From day-to-day issues, financial performance, occupancy rates, marketing strategies to regular maintenance – you need information on every aspect. Sounds scary? Well, you don’t […]

  • November 25, 2019
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HUD Multifamily Housing Programs

HUD Multifamily Housing Programs

With real estate prices escalating day by day, affordable housing and quality housing is hard to come by. The U.S. Department of Housing and Urban Development or HUD launched the multifamily subsidized housing to ensure that the low to middle […]

  • October 14, 2019
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A Deep Dive into Yardi Breeze

A Deep Dive into Yardi Breeze

Yardi Breeze is a modern age property accounting and management software. Managing real estate portfolios can be a rather tedious and complicated task, but thanks to the IT geniuses at Yardi Breeze, we have managed to integrate an amazing piece […]

  • October 4, 2019
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5 Key Parameters to Help You Choose an Accounting Outsourcing Firm

5 Key Parameters to Help You Choose an Accounting Outsourcing Firm

Businesses need an accounting firm to manage their financial accounts, bookkeeping, tax planning, and employee payrolls. While there are a plethora of accounting firms specializing in particular aspects of accounting rules, as mandated by the government and the banking authorities, […]

  • September 20, 2019
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Impact of Technology on Finance & Accounting

Impact of Technology on Finance & Accounting

For nearly ten years now, technology has been developing at a rapid speed. New devices, apps, and games have been developed, and social media is now used by the world’s businesses and or brands to promote products and to target […]

  • August 29, 2019
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Understanding Lease Abstracts- Real Estate Abstract

Understanding Lease Abstracts- Real Estate Abstract

What is a Real Estate Abstract? In the commercial world, a real estate lease is amongst the most important documents. Although not everyone is equipped to understand the legal terminologies, this further necessitates the use of lease abstract. It is […]

  • August 27, 2019
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7 Strategic Accounting Tips for the Success of Your Startup

7 Strategic Accounting Tips for the Success of Your Startup

Congratulations on starting your startup! Not all great ideas see the light of day, but your dream has turned into a reality. You have the product, the human resources and the marketing skills to ensure that your company takes the […]

  • July 31, 2019
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Popular Real Estate Software

Popular Real Estate Software

With increasing globalization, the real estate industry is rapidly crossing borders and has thus become a global industry. The real estate agents and property managers of today handle much larger portfolios than they used to. This has created a demand […]

  • July 29, 2019
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Real Estate Accountant Job Description, Duties and Requirements [Infographic]

Real Estate Accountant Job Description, Duties and Requirements [Infographic]

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 […]

  • July 17, 2019
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Lease Administration: The Growing Real Estate Necessity

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 […]

  • May 27, 2019
  • admin@ohi
Choosing an Entity Management System

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. […]

  • May 14, 2019
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Outsource Accounts Receivable Services to Manage Your Business in a Better Way

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 […]

  • May 6, 2019
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Best Strategic Entity Management Practices for Your Company

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 […]

  • April 25, 2019
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Finance & Accounting – Profit from Outsourced Accounting Services

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 […]

  • April 22, 2019
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The New Revenue Recognition Standard

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 […]

  • April 10, 2019
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The Pros and Cons of Outsourcing Accounting Functions

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 […]

  • March 12, 2019
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Restaurant Accounting: How It’s Different!

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 […]

  • March 7, 2019
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Budget – The Key to Business Profitability

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 […]

  • March 5, 2019
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Get the Most out of Your Real Estate Investment

Get the Most out of Your Real Estate Investment

Before you step into the real estate domain and want to find out if you’re getting the best bang for your buck, you need to understand where the market is headed in 2019. According to the US Housing market forecast […]

  • February 12, 2019
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A Glossary of Common Lease Terms

A Glossary of Common Lease Terms

Understanding lease words and terms help you fully comprehend your lease agreement. Below are some commonly used words and terms in lease agreements and their definitions: Common Lease Terms Base Rent The minimum rent payable by a tenant excluding all […]

  • February 6, 2019
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Construction Industry Best Practices in Internal Controls

Construction Industry Best Practices in Internal Controls

Construction industry has a high transaction rate and the transaction amounts are pretty high as well. So it is safe to assume that frauds in construction accounting can lead to big losses. While these losses are not unheard of, it […]

  • January 22, 2019
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The New Way to Manage Your Restaurant Accounts is Outsourcing

The New Way to Manage Your Restaurant Accounts is Outsourcing

Managing a restaurant business is definitely not the easiest of tasks. There are many things that you need to take care of including managing the kitchen, keeping a track of delivery orders, greeting your customers and the list goes on. […]

  • January 16, 2019
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The Basics of Construction Accounting

The Basics of Construction Accounting

Accounting procedures and practices differ according to the type of business and practices adopted by organizations across sectors. In the construction industry, firms and contractors face unique challenges when it comes to accounting, as accounting for construction sector is different […]

  • January 11, 2019
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Cost of Accounting Outsourcing Service for Small Businesses

Cost of Accounting Outsourcing Service for Small Businesses

Most entrepreneurs start their business with a passion to sell their product or service. Everything else involved in a business comes afterwards. When the firm is in its nascent stage, a company can afford to spend time on its core […]

  • January 7, 2019
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The Smart Real Estate Moves for 2019

The Smart Real Estate Moves for 2019

If you are a prospective or an existing investor in real estate, then you need to understand the evolving trends in the supply chain management as well as residential housing requirements. The age-old trends like homes with backyards as well […]

  • December 18, 2018
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A Deep Dive into Yardi Voyager: Features and User Reviews

A Deep Dive into Yardi Voyager: Features and User Reviews

What do you do before you take a dive? Feel the water a little, dip a toe or two and then splash! This is exactly how we are going to do things here before you jump into the pool named […]

  • December 11, 2018
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A Simple Guide to Understanding Rent Concessions

A Simple Guide to Understanding Rent Concessions

Investing in rental property is usually considered to be the most preferable investment strategy for multifamily investors. Not only does it provide them with an additional source of regular income but it also results in a steady appreciation of their […]

  • November 28, 2018
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Forecasting: Introduction and Benefits

Forecasting: Introduction and Benefits

What Is Forecasting? Forecasting is the practice of using several statistical and accounting methods and techniques to predict the future of various aspects of the company like production, revenue generation, sales and selling price to name a few. This planning […]

  • November 26, 2018
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Common Accounts Payable Issues and How to Solve Them

Common Accounts Payable Issues and How to Solve Them

Accounts Payable (AP) is the amount of money which a firm is supposed to give a person or a company that provides them with goods or services. Therefore, it is quite significant to manage these accounts smoothly and efficiently, which […]

  • November 22, 2018
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Learn all About Rental Property Accounting

Learn all About Rental Property Accounting

We understand that a real estate investor is burdened with loads of work which includes managing one or more properties, their maintenance, finding reliable tenants, and ensuring the overall profitability of the business. With all these responsibilities real estate accounting […]

  • November 19, 2018
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What Should You do to Improve Asset Management for Your Rental Property Portfolio?

What Should You do to Improve Asset Management for Your Rental Property Portfolio?

Managing property especially when you have a rental asset can be quite daunting. It involves scheduling, strategizing and regular visits to the site to check on proper asset management. Rental properties if managed properly generate a steady income. However, just […]

  • November 12, 2018
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Is Your Business Ready for the Year-End?

Is Your Business Ready for the Year-End?

Year-end is a time for reflection. It is the time to look back and redefine your companies vision and goals. But let’s be honest, this is a little difficult to do if your accounts are not in order. Keeping this […]

  • October 26, 2018
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Tips for Dealing with Difficult Renters

Tips for Dealing with Difficult Renters

Owning a property and acquiring the title “landlord” can be quite satisfying as there are numerous financial benefits associated with a property. In fact, rental properties are some of the most significant investments. However, with profits come hurdles. Even the […]

  • October 23, 2018
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Why It Makes Sense to Outsource Your Accounts Department?

Why It Makes Sense to Outsource Your Accounts Department?

In today’s fast-paced competitive world, businesses must focus on working to ensure that they maximize their revenue, translated as profits! While it is true that there will always be ancillary departments that will aid the revenue-making, growth and expansion of […]

  • October 18, 2018
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Monthly Property Management Reports?

Monthly Property Management Reports?

What is Property Management? Management in any business is the process of monitoring, accounting and supervising a certain aspect of that business. Property management is no different. It is the sum total of all the processes, systems, manpower and infrastructure […]

  • October 16, 2018
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Hiring a Property Management Company

Hiring a Property Management Company

Owners with numerous properties and rental units are often stumped with the burden of managing incomes from them. It becomes a time-consuming and a daunting task to handle the various aspects of property management like handling rental incomes, owner’s funds […]

  • October 4, 2018
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Accrual Accounting- The Perfect Way of Managing Multifamily Accounting

Accrual Accounting- The Perfect Way of Managing Multifamily Accounting

A businesses accounting method certainly impacts its investment strategy. The right accounting strategy can benefit the business greatly by helping to depict the actual financial condition. Which in turn aids in making insightful business decisions with clearly-devised business strategies. When […]

  • September 27, 2018
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All You Need to Know About the New Commercial Lease Accounting Rules!

All You Need to Know About the New Commercial Lease Accounting Rules!

Leasing is important to businesses as it enables access to assets, aids in getting the requisite financing along with reduction of risks that go with the ownership of assets. The new commercial lease accounting rules have been formulated to create […]

  • September 25, 2018
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Get to Know About Record Keeping for Landlords!

Get to Know About Record Keeping for Landlords!

Owning a property can be a great way to earn a regular monthly income. For a landlord, expanding property ownership to a number of locations can increase his monthly income manifold. However, landlords need to keep records of documents, bills, […]

  • September 21, 2018
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All You Need to Know About Progress Billing

All You Need to Know About Progress Billing

Progress Billing is considered to be one of the most frequently used invoicing methods for long-term contracts. Normally speaking, while making contracts there are always some upfront payments involved, somewhere around 50% of the total project, and the rest paid […]

  • September 18, 2018
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List of Accounting Outsourcing Companies

List of Accounting Outsourcing Companies

When it comes to running a business, Small and Medium Enterprises (SMEs) have to deal with a number of activities such as executing their core functions, dealing with clients, managing accounts, etc. However, all these can get taxing on the […]

  • September 12, 2018
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How Much Should You Be Paying for Accounting Each Month?

How Much Should You Be Paying for Accounting Each Month?

The process of accounting forms the thrust of every business functioning and is perhaps considered one of the most important finance-related administrative work that a management undertakes. Talking specifically about small and medium businesses, the accounting needs for such businesses […]

  • September 7, 2018
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Pros and Cons of Outsourcing Accounting [Infographic]

Pros and Cons of Outsourcing Accounting [Infographic]

According to recent statistics, 37% of businesses spend more than USD 5,000 for the administration of finances and 33% of these firms devote more than 81 hours on finances every year. Whether you run a real estate business, textile firm, […]

  • September 5, 2018
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Section 8 – Affordable Housing for Low-Income Household

Section 8 – Affordable Housing for Low-Income Household

Section 8 or Housing Choice Vouchers Program arranges for affordable housing for low-income citizens of the U.S., including the disabled and the elderly. The assistance comes in the form of subsidized monthly rental fee in any apartment located in the […]

  • August 16, 2018
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Key Real Estate Financial Ratios

Key Real Estate Financial Ratios

Though quite lucrative, real estate investments require prior planning and a thorough understanding of the real estate financial ratios. The ratios are used to analyze investments and determine their rate of return, cash flow, and profitability. Key Ratios to Evaluate […]

  • August 9, 2018
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AppFolio Property Management Software Review

AppFolio Property Management Software Review

There are a number of property accounting software available in the market each with their own merits and demerits. Among all, we found that AppFolio Property Manager definitely has an edge when it comes to the following: – Functionality The […]

  • July 31, 2018
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Integrating Multifamily Accounting to Cope with the Projected Growth

Integrating Multifamily Accounting to Cope with the Projected Growth

In recent years, multiple apartments have been built, holding millions of residents. As a result, there has been a marked escalation in the growth of units. The current growth of portfolios are already impacting the accounting systems, and the future will […]

  • July 26, 2018
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Making the Most of your Maintenance Team

Making the Most of your Maintenance Team

Property management maintenance involves ensuring proper functionality of the equipment fitted across the property so as to be useful to the end-user for a longer period of time. The responsibility for this is delegated to the maintenance team. The maintenance […]

  • July 24, 2018
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Top Accounting Challenges Small Businesses Face

Top Accounting Challenges Small Businesses Face

Being a small business owner isn’t easy. You have to manage everything on your own. From marketing to customer relationship and things such as accounting, management etc. A business depends a lot on its finances, and you can’t manage finances […]

  • July 20, 2018
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Why Accounts Payable is Important for Cash Management?

Why Accounts Payable is Important for Cash Management?

How is the success or failure of a business judged? Profits. There are two main factors that affect the profits of a company the money that comes in and the money that goes out. Accounts Payable deals with the second […]

  • July 19, 2018
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Accounting Outsourcing Predictions for 2018 and Beyond

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 […]

  • July 17, 2018
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Preparing for the New Lease Accounting Standard

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 […]

  • July 6, 2018
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Seven Advantages of Cloud Computing in Real Estate

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 […]

  • July 3, 2018
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Things You Need to Look for while Outsourcing Your Accounting

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 […]

  • June 25, 2018
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Best Practices to Optimize your AP Process

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 […]

  • June 21, 2018
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Finance and Accounting Outsourcing: 5 Motivations Beyond Cost Cutting and Delivery

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 […]

  • June 19, 2018
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What Should a Good Real Estate Dashboard Cover?

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 […]

  • June 12, 2018
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Yardi Systems – An Overview

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 […]

  • June 8, 2018
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What is a Rent Roll?

What is a Rent Roll?

Buying a real estate property and putting it up for rent is a great source of income these days. The property owners either put their asset on rent for a residential or commercial purpose. Obviously, the target is to get […]

  • May 24, 2018
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Accounting Tasks That Should be Done on a Weekly Basis

Accounting Tasks That Should be Done on a Weekly Basis

Managing the accounting activities of your business seems a tiresome task but it is still an important one. You can’t turn a blind eye to your financial activities as these are required to run your business efficiently. However, we not […]

  • May 22, 2018
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An Introduction to HUD Programs for Multifamily Housing

An Introduction to HUD Programs for Multifamily Housing

The U.S. Department of Housing and Urban Development (HUD) is a government agency, established in 1965 to support the development of communities and ownership of a home. Through its housing programs, HUD provides affordable opportunities for home ownership, increases rental […]

  • May 18, 2018
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Job Duties and Educational Requirements of a Property Accountant [Infographic]

Job Duties and Educational Requirements of a Property Accountant [Infographic]

People find accounting to be a really stressful job. Guess what? It really is! Accounting has to be done carefully – be it property accounting or accounting for a business firm, even if it seems like a mundane task. A […]

  • May 15, 2018
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Job Duties of an Assistant Controller in a Real Estate Firm

Job Duties of an Assistant Controller in a Real Estate Firm

The main responsibility of an assistant controller appointed in the finance department of a real estate firm is helping the controller with various accounting tasks. They work under the supervision of a financial controller and should possess a set of […]

  • May 10, 2018
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Job Duties and Educational Requirements of a Senior Property Accountant

Job Duties and Educational Requirements of a Senior Property Accountant

You need a property accountant in the finance department if you are working in real estate sector. When it comes to a senior property accountant, they need to have significant experience and formal education as they have to take care […]

  • May 7, 2018
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Accounting Outsourcing Trends for 2018

Accounting Outsourcing Trends for 2018

Reducing the cost of operations and acquiring better talent at the same time is the aim of every company. Outsourcing has garnered fame precisely for this reason. It gives companies access to cheaper but more talented workforce. However, the accounting […]

  • April 30, 2018
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Simplify Your Accounting Processes by Outsourcing

Simplify Your Accounting Processes by Outsourcing

Accounting is one of the most outsourced business functions, especially among start-ups. Businesses outsource accounting functions with the aim of getting accurate and well-formatted financial reporting at the least effort and cost possible. Outsourcing accounting processes entail hiring an independent […]

  • April 27, 2018
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Understanding Accounting Outsourcing Services: A Simple User Guide

Understanding Accounting Outsourcing Services: A Simple User Guide

Many businesses, organizations and startups find it hard to manage their accounting such as preparing financial statements, analyzing data, preparing invoices and managing bank accounts. Even after hiring a dedicated professional, various factors come in the way of efficient execution. […]

  • April 24, 2018
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A Comprehensive Review of Yardi Genesis 2

A Comprehensive Review of Yardi Genesis 2

Yardi Genesis 2 is a web-based property accounting software that has been designed for small and medium-sized properties. Yardi Genesis 2 is designed for all real estate management including residential, commercial, condos, homeowner associations, self-storage, offices, retail and other type […]

  • April 17, 2018
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Tips and Tricks to Make Your Accounting Less Stressful

Tips and Tricks to Make Your Accounting Less Stressful

Accounting for real estate business is altogether different than accounting for any other business because it requires complicated entries in the accounting ledgers. It is simply not a convolution of credit and debit transactions but perhaps more than that. In […]

  • April 13, 2018
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Should Real Estate Firms Outsource Their Accounting

Should Real Estate Firms Outsource Their Accounting

Real Estate Accounting embraces or covers the accounting rules for any kind of real estate transactions that can be used to structure real estate deals appropriately. Real estate firms need to fully understand their current financial accounting, regulatory and compliance […]

  • April 2, 2018
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The Right Software for Real Estate Budgeting Process

The Right Software for Real Estate Budgeting Process

Handling real estate accounting across the spectrum is a demanding task, so it’s no surprise that real estate budgeting can also get quite complicated. Whether it’s asset management or corporate functions, the inner workings of a real estate company throw […]

  • March 23, 2018
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Top 6 Tips for CAM Reconciliation

Top 6 Tips for CAM Reconciliation

Common Area Maintenance (CAM) reconciliations can prove to be nerve-straining for you as property owner or manager if done erratically. We know how real estate accounting can turn out to be a tricky task if not religiously done on time. To […]

  • March 20, 2018
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1099 MISC Tax Requirements for Property Managers

1099 MISC Tax Requirements for Property Managers

Property Managers are required to report rents collected on behalf of their property owners as part of their rental property accounting and therefore the natural question that arises is the need for the filing of form 1099 MISC for their […]

  • March 14, 2018
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Advantages of Outsourcing BIM Services

Advantages of Outsourcing BIM Services

3D modeling for infrastructure may soon be a thing of the past. In fact, BIM (Building Information Modeling) is already being described as the successor to 3D modeling. Don’t get us wrong – 3D modeling is still the way to […]

  • March 12, 2018
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How to Select the Right 3D CAD Software

How to Select the Right 3D CAD Software

3D Computer Aided Design Software (3D CAD software) is used by architects, civil engineers, drafters, artists and other professionals to create precision drawings, images or technical illustrations. The CAD software replaces manual drafting with the automated process with 3D CAD […]

  • March 6, 2018
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Architectural CAD Drafting Services: CAD Modeling

Architectural CAD Drafting Services: CAD Modeling

Architectural Drafting Services help in a flawless rendering of design visualizations for optimized outcomes. The construction industry is highly dimensional specifications oriented. Any unwarranted deviation from the blueprint due to CAD errors can prove irrevocably costly. This wastage of time […]

  • February 28, 2018
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5 Tips for Commercial Lease Abstraction

5 Tips for Commercial Lease Abstraction

Commercial leases have to capture every possible detail. They tend to get too long with boring and lifeless legalese, but each of those clauses are important. However, company’s senior management can’t spend too much time reading/scrutinizing them. This is a […]

  • February 21, 2018
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Things your Accounting Practice Should Consider when Moving to Cloud

Things your Accounting Practice Should Consider when Moving to Cloud

The advantages of the cloud-based accounting system are many. However, before migrating to the cloud, companies should evaluate the pros and cons of the migration. The following points will help your accounting practice determine if moving to the cloud is […]

  • February 16, 2018
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6 Financial Reports (Real Estate Reports) Your Property Manager Should Provide

6 Financial Reports (Real Estate Reports) Your Property Manager Should Provide

Financial Reports/Real Estate Reports are also known as Financial Statements and can be defined as the formal record of the financial activities of a business entity or firm or of an individual involved in carrying out different types of business […]

  • February 13, 2018
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Bookkeeping Basics for Successful Property Accounting

Bookkeeping Basics for Successful Property Accounting

The base of your solid property accounting business depends mainly upon two major factors namely, your property management bookkeeping practices as well as the growth of your workforce. In a regular business routine, borrowing money and/or assets are a part […]

  • February 9, 2018
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Xero Review 2018- Small Business Accounting Software

Xero Review 2018- Small Business Accounting Software

Xero has been awarded by Forbes twice as “World’s Most Innovative Growth Company” in 2014 and 2015. Currently, about 1 Million users choose Xero for their small business accounting. Xero is built on a double-entry framework, to let you track […]

  • February 6, 2018
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Choosing an Accounting Outsourcing Partner – A Checklist for UK Accounting Firms

Choosing an Accounting Outsourcing Partner – A Checklist for UK Accounting Firms

Accounting outsourcing has emerged as one of the most rapidly growing outsourcing sectors with cost reduction as its main driver. However, finding an outsourcing partner who really understands the needs of your accounting firm and allows you to have a […]

  • January 31, 2018
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Choosing the Right Type of Dashboard for Your Business

Choosing the Right Type of Dashboard for Your Business

Every real-estate project has a multitude of aspects and it can all get out of your hands quickly. For example, a real estate company can deploy a dashboard to display the daily progress of all of its under-construction projects. Any […]

  • January 29, 2018
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5 Characteristics of a Highly Effective Business Dashboard

5 Characteristics of a Highly Effective Business Dashboard

A highly effective business dashboard keeps track of key performance indicators with business intelligence features. Real estate dashboards are highly efficient and contribute to better business outcomes. These dashboards also deliver ease in work execution for internal employees as well […]

  • January 23, 2018
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Top 5 Benefits of a Business Dashboard

Top 5 Benefits of a Business Dashboard

Business intelligence dashboard is used to keep track of KPIs, key data points, and much more. Dashboard reporting offers a quick glance at the current performance of the particular task. Well defined dashboards are perfect to manage big data. Dashboards […]

  • January 19, 2018
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A Review of the best Real Estate Accounting Software for 2017

A Review of the best Real Estate Accounting Software for 2017

Being a real estate property manager, there are a number of things for you to perform on a daily basis. You need to perform rent or lease collection, perform rental units’ maintenance and manage incidental expenses occurring over time. These […]

  • January 16, 2018
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Best Accounting Practices for a Real Estate Company

Best Accounting Practices for a Real Estate Company

Accounting Practices – What they mean Accounting practices can be defined as financial activities of organizations or companies recorded on a daily basis. In case of real estate firm, real estate accounting practices involve the implementation of accounting policies concerned […]

  • January 9, 2018
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Real Estate Accounting with QuickBooks

Real Estate Accounting with QuickBooks

Running a real estate is no cakewalk. There are a number of challenges that a real estate enterprise has to face from time to time whether in managing clients or handling rents, a real estate agent has to keep himself […]

  • January 5, 2018
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Common Tenant Complaints and How to Handle Them

Common Tenant Complaints and How to Handle Them

Are you working in a property management service? It is certainly a tough job since it is your responsibility to solve all tenant complaints regarding the house. Handling tenant complaints in a right way are important since it helps you […]

  • January 2, 2018
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Benefits of Using a Property Management Company?

Benefits of Using a Property Management Company?

Renting out a property is helpful in earning money on your property. It is also beneficial when it comes to the maintenance and safety of the place. It is only when you face legal issues, tenant problems, etc., that you […]

  • December 20, 2017
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How to Prepare for Move In Move Out

How to Prepare for Move In Move Out

There are numerous pointers to take care of while moving out or into a new property. The sheer stress involved in the process might make you miss out on important checks. Hence, it is always advisable to get some external […]

  • December 18, 2017
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When and How to Outsource Real Estate Accounting for Your Firm?

When and How to Outsource Real Estate Accounting for Your Firm?

Real Estate Accounting – Why Outsourcing In the present business scenario, cost-cutting is being given due emphasis by companies or firms globally. Real estate industry not an exception in this regard. Real estate accounting as such is a specialized task […]

  • December 6, 2017
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Popular Small Business Accounting Softwares- UK

Popular Small Business Accounting Softwares- UK

If you’re a small business, and have not already, accounting software can make your life much easier, it’s much simpler to manage your books and accounts through the accounting software.  In the past, accounting software was complicated and hard to […]

  • November 6, 2017
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Real Estate Accounting Outsourcing Services

Real Estate Accounting Outsourcing Services

As an industry sector, the real estate is greatly exposed to market fluctuations. Therefore, it is vital for companies working within the industry to maintain a high level of productivity while also look for a better cost efficient solution. Outsourcing […]

  • June 6, 2017
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Choosing the Perfect Remote Access Software

Choosing the Perfect Remote Access Software

Remote access software often called remote desktop software or remote control software, allows you to have access to a computer from another computer or mobile. There are multiple reasons why you may need remote PC access software. Deadlines are close […]

  • May 25, 2017
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Guidelines to Successful Outsourcing of Accounting Processes

Guidelines to Successful Outsourcing of Accounting Processes

Outsourcing has been steadily becoming main-stream even in mid-size companies over last five years driven by the successful case studies in large organization, greater awareness, the explosion of cloud computing and falling costs of communication. This article aims to be […]

  • April 21, 2017
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Real Estate Bookkeeping Outsourcing Services

Real Estate Bookkeeping Outsourcing Services

Given the current circumstances, a lot of emphasis is given to cost cutting in the business world. The real estate industry is no exception, given the competitiveness of the industry it is important for real estate businesses to cut cost […]

  • March 24, 2017
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Work Order Management

Work Order Management

What is Work order Management? In a nutshell, work order management is all about keeping track of all the work orders received and people managing it, the processes and maintenance technicians working on it. The maintenance work order software increases […]

  • March 17, 2017
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Accounts Payable Outsourcing Services

Accounts Payable Outsourcing Services

In recent years business owners are under incredible pressure to trim costs of finance and accounting departments to boost productivity, increase profitability and assign strategic value to it. Accounting outsourcing is often looked as the source to achieve significant cost […]

  • March 14, 2017
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Data Security Measures in an Outsourced Accounting Process

Data Security Measures in an Outsourced Accounting Process

Every outsourcing arrangement should be equipped with technology that ensures data security to maintain confidentiality of client information and other details. Thorough standardized procedures that are enforced to regulate data security within the enterprise can transform any business. Securing the […]

  • March 8, 2017
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Benefits of Accounting Outsourcing – An Overview

Benefits of Accounting Outsourcing – An Overview

Specialization has become the norm of the present times. These days when it comes to the challenging business environment, specialization not only leads to effective functioning of the business but also cuts down on costs. This is the reason why […]

  • March 3, 2017
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Accounting Outsourcing for Ecommerce Firms

Accounting Outsourcing for Ecommerce Firms

The e-commerce industry has transformed the competition when it comes to growth. Today, more and more consumers are moving online as they are now gaining access to levels of ease and transparency far ahead of what long-established retail set-ups can […]

  • February 20, 2017
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Accounts Receivable Outsourcing Services

Accounts Receivable Outsourcing Services

For small business owners, time and money is the most precious asset. To gain maximize results, you and your employees will need to dedicate the attention to sales, marketing and raising capital so that the company can keep growing. Although […]

  • February 15, 2017
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Property Management Accounting Outsourcing Services

Property Management Accounting Outsourcing Services

Accounting outsourcing is not new and over the years businesses have realized the importance of outsourcing. Outsourcing provides a cost effective solution and saves time and resources – the major assets any property management company can have, whether you are […]

  • February 10, 2017
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Accounting Outsourcing Services – An inexpensive way to grow!

Accounting Outsourcing Services – An inexpensive way to grow!

Accounting is vital for any organization as it contains important information about the financial dealings carried out in day-to-day activities of the company. It is an extensive and intricate work to keep the track of all the sale, purchase, payments […]

  • January 30, 2017
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Accounting Outsourcing for Startups

Accounting Outsourcing for Startups

Early days in a new business are difficult. In order to succeed and grow the business it is important that the primary as well as the supporting activities of business is taken good care of. There are numeral piece that […]

  • January 27, 2017
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Importance of Bookkeeping

Importance of Bookkeeping

Bookkeeping is coined by two words ‘Book’ and ‘Keeping’ where ‘Book’ means the set of financial transaction and ‘Keeping’ means preservation.  So bookkeeping means the process of maintaining financial transaction.  Sales, purchase, earnings and payments are all carefully documented so […]

  • January 25, 2017
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Small Business Accounting Outsourcing – An Inexpensive way to Grow!

Small Business Accounting Outsourcing – An Inexpensive way to Grow!

Accounting is an indispensable part of running a business.  For a successful business it is imperative to follow basic accounting practices. A proper accounting system is necessary because the details may be required for legal purpose, to file tax returns […]

  • January 24, 2017
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Common Accounts Payable Outsourcing Myths [Infographic]

Common Accounts Payable Outsourcing Myths [Infographic]

In today’s competitive business where information is required on your fingertips, Accounts Payable management is one of the most essential tasks for businesses. Lack of it will reflect poorly in vendor relationship, cash saving policies and working capital, eventually affecting […]

  • January 23, 2017
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Common Finance and Accounting Processes being Outsourced

Common Finance and Accounting Processes being Outsourced

Finance and accounting is one of the back-office processes that companies outsource, and the practice continues to thrive.  As the market is growing, firms are discovering new ideas and looking for new answers to simplify F&A processes. Companies are trying […]

  • January 18, 2017
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Maintaining Data Security While Outsourcing

Maintaining Data Security While Outsourcing

Outsourcing is a common practice these days. From front desk to back office, human resource to accounting. Outsourcing comes in many different approaches – which provide a positive aspect on the cost savings front. But with the benefits of cost […]

  • January 13, 2017
  • admin@ohi
Summary Note on 1031 Exchanges

Summary Note on 1031 Exchanges

Introduction to 1031 Exchanges Section 1031 of IRS code is the basis for tax-deferred exchanges, therefore it has been abbreviated as “1031 Exchanges”. Taxpayers who want to reinvest from sale of property never have to pay income taxes if they […]

  • December 21, 2016
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A Comparison of the best Commercial Property Management Software’s

A Comparison of the best Commercial Property Management Software’s

Commercial property management requirements are different from residential properties whether it is office space, retail or industrial. Good commercial software should be able to create detailed financial projections and budgets, to auto calculate rent increases, to create recurring charges, to […]

  • December 21, 2016
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Tips for a Faster, Better Month End Close

Tips for a Faster, Better Month End Close

Survey results done by a leading software firm: A mere 28% of the respondents trust the numbers reported in month-end close 90% of the respondents are under pressure to close faster About 39% of the respondents are satisfied with the […]

  • November 22, 2016
  • admin@ohi
Property Management Accounting Software: The Benefits

Property Management Accounting Software: The Benefits

There has been a significant rise in the use of several web-based property management software customized to suit specific business needs of the industry. This allows business owners and employees a number of features that the more generic accounting systems […]

  • July 30, 2015
  • admin@ohi
Outsource Accounting to India

Outsource Accounting to India

In general, outsourcing is a trend that has been on the rise due to several obvious advantages. The market place is a high-pressure environment. With competitors constantly cutting into your profit margins and market share, the only area that you […]

  • June 5, 2015
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Online Accounting Services

Online Accounting Services

The rapidly evolving online accounting systems have now given business owners the freedom and the flexibility to choose how they manage their finances. Administrative functions can be viewed and performed on the go today contributing to the efficiency of transactions. […]

  • May 13, 2015
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How can Good Accounting Practices be Healthy for your Business

How can Good Accounting Practices be Healthy for your Business

The word start-up is a trending word today! Almost every capable and aspiring entrepreneur wants to get a shot at them. What’s even better is that the stories of start-up success stories are ample which gives all of us more […]

  • May 8, 2015
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The Pros: Property Management Accounting

The Pros: Property Management Accounting

While many associate salesmanship, marketing, industry knowledge and good communication skills with property management, accounting is the last thing that comes to mind. However, property management accounting is a significant part of the day to day running of a property […]

  • April 16, 2015
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Bring the Odds at your End, Automate Construction Accounting Today!

Bring the Odds at your End, Automate Construction Accounting Today!

The world has suddenly turned fancy and the universe of construction business is shining with activity. With several new players making an entry into the market, the competition no wonder has become pretty high. As such, the oldies in the […]

  • March 31, 2015
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Real Estate Accounting: An Overview

Real Estate Accounting: An Overview

Real estate development is a risky business. Conceiving the plan for the project, calculating variables, closing the deals and managing stakeholders and clientele are all resource intensive and time consuming aspects of this business and this only covers the day […]

  • March 26, 2015
  • admin@ohi
Looking forward to transforming your accounts payable department into a profit center? Here’s something that you need to do!

Looking forward to transforming your accounts payable department into a profit center? Here’s something that you need to do!

In the present scenario, business centers are being constantly faced with a challenge to extract the maximum out of their available financial resources. In order to do so, many are resorting to cost cutting as well. However, the thing about […]

  • March 24, 2015
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Accounting Outsourcing Services: An Overview

Accounting Outsourcing Services: An Overview

In today’s high pressure environment, there is a pressing need to optimize performance and achieve operational efficiency. With ever regulatory nuances and compliance requirements constantly changing, it is safer to entrust essential services to those who understand it. Due to […]

  • March 19, 2015
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Outsourcing Bookkeeping Services: How and Why it is Useful?

Outsourcing Bookkeeping Services: How and Why it is Useful?

Despite being the most important part of every company’s daily routine, the recruitment, training and maintenance of a department of accounting personnel is not affordable for all. In today’s digital age, there is the added expense of constantly purchasing and […]

  • February 24, 2015
  • admin@ohi
Why Should One Outsource the Accounts Management Processes of a Business

Why Should One Outsource the Accounts Management Processes of a Business

Well, for one reason that it means one less thing to bother about for the business! Not having to keep track of all the transactions – be it small or big – keeping the books updated is one hell of […]

  • December 26, 2014
  • admin@ohi