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Accounting Outsourcing: Boost Business with External Resources

Accounting Outsourcing: Boost Business with External Resources

In today’s fast-paced business environment, companies are continually seeking ways to enhance efficiency, reduce costs, and focus on core competencies. One strategy that has proven to be highly effective is outsourcing. Outsourcing involves delegating certain business functions to external service […]

  • May 21, 2024
  • OHI
ESG Data Management: Challenges, Opportunities, and Its Importance

ESG Data Management: Challenges, Opportunities, and Its Importance

In today’s corporate landscape, ESG (Environmental, Social, and Governance) data management plays a pivotal role in shaping sustainable business practices. As companies transition from shareholder capitalism to stakeholder capitalism, the demand for transparency, accountability, and ethical decision-making has intensified. Let’s delve into […]

  • May 17, 2024
  • OHI
Building a Strong Data Security Culture in Accounting Outsourcing Companies

Building a Strong Data Security Culture in Accounting Outsourcing Companies

In today’s highly digitalized world, the security of data is paramount, especially for accounting outsourcing companies which deal with sensitive and confidential financial information. Establishing a strong culture of data security is critical; it’s about ensuring that every employee, from […]

  • May 15, 2024
  • OHI
Ensuring Ethical Business Practices: Certification for Integrity

Ensuring Ethical Business Practices: Certification for Integrity

In today’s globalized and highly competitive business environment, maintaining ethical standards is more important than ever. Companies that prioritize integrity not only foster trust among consumers and partners but also pave the way for long-term success and sustainability. One effective […]

  • May 9, 2024
  • OHI
Outsourcing Best Practices: Strategies for Enhanced Operational Efficiency

Outsourcing Best Practices: Strategies for Enhanced Operational Efficiency

Outsourcing has become a popular strategy for businesses looking to improve efficiency and reduce costs. By delegating tasks or services to external companies, organizations can focus on their core activities while benefiting from the expertise and capabilities of specialized service […]

  • May 2, 2024
  • OHI
Breaking Down Barriers: How Construction Accounting Drives Efficiency

Breaking Down Barriers: How Construction Accounting Drives Efficiency

In the ever-evolving landscape of construction, efficiency serves as the cornerstone of success. Whether it’s managing resources, adhering to tight deadlines, or maintaining profitability, efficiency is a fundamental requirement for thriving in this competitive industry. Amidst the myriad factors influencing […]

  • April 26, 2024
  • OHI
Enabling Outsourcing for Enhanced Accounting Processes

Enabling Outsourcing for Enhanced Accounting Processes

In today’s fast-paced business environment, streamlining operations is crucial for maintaining competitive advantage and fostering sustainable growth. Among the various strategies that companies adopt, outsourcing accounting functions has emerged as a particularly effective approach for enhancing operational efficiency. This strategy […]

  • April 23, 2024
  • OHI
Preventing Cyber Threats: Strategies to Safeguard Financial Data

Preventing Cyber Threats: Strategies to Safeguard Financial Data

In today’s digital age, cyber threats have become an ever-increasing concern for businesses across all industries, especially those handling sensitive financial data. As an accounting outsourcing company providing offshore accounting services, we understand the paramount importance of robust cybersecurity measures […]

  • April 17, 2024
  • OHI
Transportation Accounting: Make smarter decisions, and drive growth

Transportation Accounting: Make smarter decisions, and drive growth

In the fast-paced world of logistics, transportation accounting plays a pivotal role in ensuring financial health and operational efficiency.

  • April 12, 2024
  • OHI
Enhancing Client Confidence: How Certifications Build Trust in Accounting Outsourcing Services

Enhancing Client Confidence: How Certifications Build Trust in Accounting Outsourcing Services

In today’s rapidly evolving and fiercely competitive business environment, trust reigns supreme in every interaction, particularly within the realm of accounting outsourcing services, where clients rely on firms to safeguard their confidential financial data. Given the high stakes involved, establishing […]

  • April 11, 2024
  • OHI
From Chaos to Clarity: Organizing Finances with Accounts Payable Outsourcing

From Chaos to Clarity: Organizing Finances with Accounts Payable Outsourcing

Introduction In the fast-paced business world, financial clarity and efficiency are crucial for success, and nowhere is this more evident than in the management of accounts payable (AP). AP, encompassing everything from invoice processing to managing debts owed to suppliers, […]

  • April 5, 2024
  • OHI
Gaining a Competitive Edge: Outsourcing Commercial Lease Abstraction

Gaining a Competitive Edge: Outsourcing Commercial Lease Abstraction

Introduction In the rapidly evolving commercial real estate (CRE) sector, staying ahead of the competition is crucial. One effective strategy for real estate companies to achieve this is by outsourcing commercial lease abstraction. This process, which involves the meticulous extraction […]

  • April 2, 2024
  • OHI
Unlocking Business Insights: Top Power BI Dashboard Examples

Unlocking Business Insights: Top Power BI Dashboard Examples

In the fast-paced world of business intelligence and data visualization, Power BI has emerged as a powerful tool for organizations to gain valuable insights from their data. With its interactive and visually appealing dashboards, Power BI provides a comprehensive view […]

  • March 21, 2024
  • OHI
Unlocking the Power of CAM Reconciliation in Commercial Real Estate

Unlocking the Power of CAM Reconciliation in Commercial Real Estate

Introduction CAM (Common Area Maintenance) reconciliation serves as a cornerstone in the realm of commercial real estate management, facilitating equitable distribution of maintenance expenses among tenants. This fundamental process ensures transparency and fairness, playing a pivotal role in fostering harmonious […]

  • March 19, 2024
  • OHI
Case Studies: Success Stories of Companies Utilizing ESG Data

Case Studies: Success Stories of Companies Utilizing ESG Data

In recent years, Environmental, Social, and Governance (ESG) factors have gained significant prominence in the corporate world. Companies are increasingly recognizing that sustainable practices and responsible business conduct are not only good for the planet and society but also essential for long-term […]

  • March 18, 2024
  • OHI
Introduction to Microsoft Power BI: Unlocking Data Insights

Introduction to Microsoft Power BI: Unlocking Data Insights

In the realm of data visualization and business intelligence (BI), Microsoft Power BI stands out as a pioneering platform. It offers comprehensive tools that empower organizations to collect, manage, and analyze data from various sources, turning it into actionable insights. […]

  • March 11, 2024
  • OHI
Optimizing Asset Management: Effective Strategies for Commercial Property Accounting

Optimizing Asset Management: Effective Strategies for Commercial Property Accounting

Introduction In the realm of commercial real estate, successful asset management is the cornerstone of long-term success and profitability. Commercial property accounting, as an integral component of asset management, plays a pivotal role in ensuring the efficient operation and financial […]

  • March 11, 2024
  • OHI
Addressing Liquidity Management in Portfolio Accounting

Addressing Liquidity Management in Portfolio Accounting

Introduction Liquidity management is all about making sure there’s enough money or things that can quickly be turned into money to pay for stuff when we need it. It’s like having enough coins in your piggy bank to buy candy […]

  • March 5, 2024
  • OHI
Leveraging Data Visualization and BI Services for Enhanced Accounting Insights

Leveraging Data Visualization and BI Services for Enhanced Accounting Insights

Introduction: In today’s fast-paced business environment, where data is ubiquitous and the landscape of financial management is more complex than ever, the need for advanced tools to decipher this abundance of information has become critical. The fields of data visualization […]

  • March 1, 2024
  • OHI
How ESG Criteria are Transforming Investment Strategies

How ESG Criteria are Transforming Investment Strategies

In recent years, a significant shift has occurred in the world of investing. Environmental, Social, and Governance (ESG) criteria are rapidly emerging as critical factors in investment decision-making. This surge in ESG integration reflects a growing understanding that companies committed […]

  • February 23, 2024
  • OHI
The Impact of IFRS and GAAP on Real Estate Fund Accounting

The Impact of IFRS and GAAP on Real Estate Fund Accounting

Introduction When diving into the world of real estate fund accounting, two big names you often hear are IFRS and GAAP. These might sound like complicated financial terms, but they’re actually just sets of guidelines that help companies, including those […]

  • February 20, 2024
  • OHI
The Impact of Market Dynamics on Real Estate BI

The Impact of Market Dynamics on Real Estate BI

In today’s rapidly shifting real estate landscape, having the right data to guide informed decisions is critical. Real estate dashboards powered by business intelligence (BI) have become indispensable tools for real estate professionals seeking an edge in dynamic markets. The […]

  • February 20, 2024
  • OHI
Sustainability and ESG Reporting in Commercial Real Estate Accounting

Sustainability and ESG Reporting in Commercial Real Estate Accounting

Introduction In the dynamic landscape of commercial real estate accounting, sustainability and Environmental, Social, and Governance (ESG) reporting have become increasingly prominent topics. As businesses across various sectors embrace the principles of sustainability and social responsibility, commercial real estate firms […]

  • February 14, 2024
  • OHI
Construction Accounting vs. General Accounting: Key Differences

Construction Accounting vs. General Accounting: Key Differences

Introduction Accounting serves as the backbone of financial management across various industries, offering insights into revenue, expenses, and overall profitability. However, when it comes to the construction sector, accounting takes on a unique dimension, marked by specialized practices tailored to […]

  • February 9, 2024
  • OHI
Real Estate Accounting Services: Streamlining Financial Success in the Property Market

Real Estate Accounting Services: Streamlining Financial Success in the Property Market

INTRODUCTION The real estate industry is a multifaceted and dynamic sector that offers immense potential for financial growth and investment opportunities. Whether you are a real estate professional, property owner, or investor, you are well aware of the complexities involved […]

  • February 6, 2024
  • OHI
Hiring a Real Estate Accountant vs. DIY Accounting: Making the Right Financial Choice for Your Real Estate Ventures

Hiring a Real Estate Accountant vs. DIY Accounting: Making the Right Financial Choice for Your Real Estate Ventures

Introduction: Real estate investment can be a lucrative and rewarding endeavor. However, it also comes with a host of financial complexities that require careful management and accounting. As a real estate investor or property owner, you face a pivotal decision: […]

  • February 1, 2024
  • OHI
Top Accounts Payable Trends for 2024 and Beyond

Top Accounts Payable Trends for 2024 and Beyond

Let’s talk about a really important part of how businesses handle their money, known as “accounts payable.” Things are changing a lot in this area, and we’re going to explore the big trends that are happening now and in the […]

  • January 30, 2024
  • OHI
10 Accounting Trends to Watch in 2024

10 Accounting Trends to Watch in 2024

The world of accounting services is in a constant state of evolution, shaped by technological advancements, regulatory changes, and shifting business landscapes. As we step into 2024, it’s crucial for professionals in the accounting services field to stay informed about […]

  • January 25, 2024
  • OHI
Asset Management Best Practices 2024: A Comprehensive Guide to Real Estate and Property Asset Management

Asset Management Best Practices 2024: A Comprehensive Guide to Real Estate and Property Asset Management

In an era characterized by unprecedented business challenges and global volatility, the effectiveness of asset management practices has become a key determinant of organizational success or failure. The realm of real estate and property is no exception. Real estate asset […]

  • January 22, 2024
  • OHI
Explaining Construction Accounting: A Comprehensive Guide to Financial Management in the Construction Industry

Explaining Construction Accounting: A Comprehensive Guide to Financial Management in the Construction Industry

Introduction: Construction is a multifaceted and often intricate industry that demands meticulous financial management to ensure projects are completed successfully, on time, and within budget. Effective construction accounting is the linchpin of this financial oversight, providing construction companies and contractors […]

  • January 17, 2024
  • OHI
The Benefits of Accounts Receivable Outsourcing Services for Businesses

The Benefits of Accounts Receivable Outsourcing Services for Businesses

Introduction Effective management of accounts receivable is crucial for the financial stability and growth of any business. However, the complexities of invoicing, payment tracking, and debt collection can overwhelm internal resources and detract from core operations. This is where accounts […]

  • January 10, 2024
  • OHI
The Comprehensive Guide to Real Estate Outsourcing for Small Investors

The Comprehensive Guide to Real Estate Outsourcing for Small Investors

Introduction Real estate investing is a promising avenue for building wealth and financial security, but it can also be a demanding and complex endeavor, especially for small investors with limited resources and time constraints. The responsibilities of property management, tenant […]

  • January 8, 2024
  • OHI
The Advantages of Accounting Outsourcing Services for Businesses

The Advantages of Accounting Outsourcing Services for Businesses

Introduction In today’s fast-paced business landscape, companies are constantly seeking innovative ways to streamline their operations, reduce costs, and enhance efficiency. One such solution that has gained tremendous traction in recent years is accounting outsourcing services. By entrusting their financial […]

  • January 5, 2024
  • OHI
Navigating Real Estate Accounting for Government Entities: A Comprehensive Guide

Navigating Real Estate Accounting for Government Entities: A Comprehensive Guide

Introduction: Construction is a multifaceted and often intricate industry that demands meticulous financial management to ensure projects are completed successfully, on time, and within budget. Effective construction accounting is the linchpin of this financial oversight, providing construction companies and contractors […]

  • January 3, 2024
  • OHI
The Comprehensive Benefits of Cloud-Based Accounting for Real Estate Firms

The Comprehensive Benefits of Cloud-Based Accounting for Real Estate Firms

IntroductionIn the ever-evolving landscape of the real estate industry, where properties are bought and sold, investments flourish, and financial decisions drive success, the role of efficient and adaptable accounting cannot be overemphasized. Traditional accounting systems have played their part in […]

  • December 26, 2023
  • OHI
Optimizing Rent Roll Analysis for Multi-Property Portfolios

Optimizing Rent Roll Analysis for Multi-Property Portfolios

IntroductionIn the world of real estate investment and management, rent roll analysis is a critical practice that provides valuable insights into the financial performance and potential of properties within a portfolio. While rent roll analysis is important for single properties, […]

  • December 25, 2023
  • OHI
Introduction: A Digital Revolution in Real Estate

Introduction: A Digital Revolution in Real Estate

Hey there! Ever wondered how the world of property management has transformed over the years? Let’s take a fascinating journey through the evolution of property management software, and I promise, it’s more intriguing than it sounds! The Early Days: Manual […]

  • December 23, 2023
  • OHI
The Role of Compliance Audits in Real Estate Accounting

The Role of Compliance Audits in Real Estate Accounting

Introduction: Navigating Real Estate ComplianceWelcome to the intricate world of real estate accounting, where meticulous attention to detail meets stringent regulatory standards. Today, we embark on an explorative journey into the vital role of compliance audits in this dynamic field. […]

  • December 22, 2023
  • OHI
Real Estate Investment Trusts (REITs) vs. Direct Ownership: Pros and Cons

Real Estate Investment Trusts (REITs) vs. Direct Ownership: Pros and Cons

Introduction: Diving into Real Estate Investment StrategiesThe real estate market offers a plethora of investment opportunities, notably Real Estate Investment Trusts (REITs) and direct property ownership. Each option has its unique set of benefits and drawbacks, tailored to different investor […]

  • December 20, 2023
  • OHI
The Role of FASB in Shaping Real Estate Accounting Standards

The Role of FASB in Shaping Real Estate Accounting Standards

Introduction: FASB’s Central Role in Real Estate AccountingIn the complex world of real estate accounting, the Financial Accounting Standards Board (FASB) stands as a pivotal institution. This independent body is responsible for setting the standards that govern how real estate […]

  • December 12, 2023
  • OHI
UNLOCKING THE POWER OF LOAN ABSTRACTION IN REAL ESTATE FINANCE

UNLOCKING THE POWER OF LOAN ABSTRACTION IN REAL ESTATE FINANCE

Real estate finance is a complex and dynamic field that plays a pivotal role in the global economy. Among the various tools and techniques available in this domain, loan abstraction stands out as a powerful tool that can significantly impact […]

  • November 27, 2023
  • OHI
THE ADVANTAGES OF REMOTE PROPERTY MANAGEMENT SERVICES

THE ADVANTAGES OF REMOTE PROPERTY MANAGEMENT SERVICES

Property management has evolved significantly in recent years, thanks to advancements in technology and changes in work dynamics. One of the most notable developments is the rise of remote property management services. These services offer property owners and managers a […]

  • November 21, 2023
  • OHI
OUTSOURCING VS. IN-HOUSE ACCOUNTING: WHICH IS RIGHT FOR YOUR REAL ESTATE BUSINESS?

OUTSOURCING VS. IN-HOUSE ACCOUNTING: WHICH IS RIGHT FOR YOUR REAL ESTATE BUSINESS?

Accounting is the financial backbone of any real estate business. Proper management of finances, compliance with tax regulations, and accurate reporting are crucial for success in the industry. When it comes to handling accounting functions, real estate businesses have two […]

  • November 16, 2023
  • OHI
NAVIGATING THE COMPLEXITIES OF CONSTRUCTION ACCOUNTING

NAVIGATING THE COMPLEXITIES OF CONSTRUCTION ACCOUNTING

Construction projects are marvels of human ingenuity, transforming visions into concrete structures that shape our cities and landscapes. Behind the scenes, construction accounting plays a critical role in ensuring that these projects are financially sound and efficiently managed. However, construction […]

  • November 3, 2023
  • OHI
Real Estate Accounting for Short-Term Rentals and Vacation Properties: A Comprehensive Guide

Real Estate Accounting for Short-Term Rentals and Vacation Properties: A Comprehensive Guide

In the world of real estate, short-term rentals and vacation properties have become increasingly popular investments. However, managing the financial aspects of these properties can be complex and challenging. In this comprehensive guide, we will delve into the intricacies of […]

  • October 30, 2023
  • OHI
Mergers and Acquisitions in Real Estate: Accounting Implications

Mergers and Acquisitions in Real Estate: Accounting Implications

The real estate sector, with its vast potential for growth and profitability, often witnesses a flurry of mergers and acquisitions (M&A). These strategic moves can reshape the landscape of the industry, offering firms a chance to expand their footprint, diversify […]

  • October 26, 2023
  • OHI
Implementing Efficient Accounting Systems for Property Management Firms

Implementing Efficient Accounting Systems for Property Management Firms

In the bustling realm of real estate, property management firms stand as the backbone, ensuring smooth operations, tenant satisfaction, and optimal financial management. Central to their success is an efficient accounting system. Without it, the vast financial intricacies these firms […]

  • October 21, 2023
  • OHI
A Comprehensive Exploration of Mortgage Accounting in Real Estate

A Comprehensive Exploration of Mortgage Accounting in Real Estate

Real estate investments often represent one of the most significant financial commitments individuals make in their lifetime. Whether you’re a first-time homebuyer stepping into the world of property ownership or a seasoned real estate investor, a comprehensive understanding of mortgage […]

  • October 3, 2023
  • OHI
Capital Expenditures vs. Repairs and Maintenance: A Simple Guide to Big Buys and Regular Fixes

Capital Expenditures vs. Repairs and Maintenance: A Simple Guide to Big Buys and Regular Fixes

Let’s imagine you have a car. Sometimes, you buy big things for it, like new tires. Other times, you just get oil changes or wash it. In the world of business, these two types of spending have special names: “Capital […]

  • September 27, 2023
  • OHI
Tenant Improvements and Leasehold Improvements: Breaking Down Costs and Payments in Simple Terms

Tenant Improvements and Leasehold Improvements: Breaking Down Costs and Payments in Simple Terms

When you rent a place, like a store or an office, you often want to make it feel more “you”. This might mean adding a fresh coat of paint, putting up new shelves, or even changing the lighting. These changes […]

  • September 22, 2023
  • OHI
Ethics in Real Estate Accounting: Understanding and Adhering to Ethical Standards and Practices

Ethics in Real Estate Accounting: Understanding and Adhering to Ethical Standards and Practices

In the multifaceted realm of real estate accounting, ethical considerations stand at the forefront. Real estate accountants, often seen as the financial sentinels, bear the weighty responsibility of ensuring that financial statements and records are not only accurate but also […]

  • September 14, 2023
  • OHI
Accounting for Foreclosures: Recognizing and Reporting Foreclosed Properties and Related Financial Activities

Accounting for Foreclosures: Recognizing and Reporting Foreclosed Properties and Related Financial Activities

Foreclosures, a term often associated with financial distress, are a significant aspect of the real estate and banking sectors. Properly accounting for and reporting these properties is crucial for transparency and accuracy in financial statements. This article delves deep into […]

  • September 5, 2023
  • OHI
The Role of Commercial Property Managers in Enhancing Asset Value

The Role of Commercial Property Managers in Enhancing Asset Value

The realm of commercial real estate is vast, multifaceted, and brimming with potential. Ensuring that a commercial property realizes this potential largely falls upon the shoulders of commercial property managers. Their strategic efforts and administrative acumen significantly influence the asset […]

  • August 17, 2023
  • OHI
The Evolution of Residential Property Management: An In-depth Accounting Perspective in Modern Real Estate

The Evolution of Residential Property Management: An In-depth Accounting Perspective in Modern Real Estate

In the vast tapestry of the real estate sector, numerous threads weave together to form its intricate design. One such vital thread is the evolution of residential property management companies. By delving deep into this evolution from a financial and […]

  • August 10, 2023
  • OHI
Managing Real Estate Assets: Best Practices in Accounting and Reporting – An In-Depth Examination

Managing Real Estate Assets: Best Practices in Accounting and Reporting – An In-Depth Examination

The expansive universe of real estate, abundant in opportunities and equally rife with complexities, has continued to evolve and grow in scale and sophistication. As we navigate through an era that upholds the highest standards of transparency, diligence, and precision […]

  • August 4, 2023
  • OHI
Real Estate Accounting: Key Differences Between Commercial and Residential Properties

Real Estate Accounting: Key Differences Between Commercial and Residential Properties

Real estate accounting plays a crucial role in managing and analyzing the financial aspects of property investments. However, accounting practices can significantly vary between commercial and residential properties due to the distinct nature of their operations and revenue generation. In […]

  • July 28, 2023
  • OHI
Understanding Real Estate Financial Statements: A Comprehensive Guide

Understanding Real Estate Financial Statements: A Comprehensive Guide

Real estate is a lucrative investment option that attracts many individuals and businesses due to its potential for generating income and building wealth. However, to succeed in the real estate industry, it’s essential to understand the financial aspects involved. One […]

  • July 21, 2023
  • OHI
Understanding CAM Expenses: A Guide for Property Owners

Understanding CAM Expenses: A Guide for Property Owners

In the world of commercial real estate, property owners are often faced with common area maintenance (CAM) expenses. These expenses, including common area maintenance expenses accounting, are related to the operation and upkeep of shared areas in a property and […]

  • July 12, 2023
  • OHI
Strategies For Streamlining Rental Property Accounting Process: Enhancing Efficiency and Accuracy

Strategies For Streamlining Rental Property Accounting Process: Enhancing Efficiency and Accuracy

Efficient accounting for rental property is crucial for property owners to effectively manage their investments, optimize financial performance, and ensure compliance with tax regulations. By streamlining successful real estate accounting processes, property owners can save time, minimize errors, and gain […]

  • July 4, 2023
  • OHI
The Key Responsibilities of a Real Estate Asset Manager

The Key Responsibilities of a Real Estate Asset Manager

In the dynamic field of real estate, asset management plays an increasingly pivotal role. As the industry continues to evolve and adapt to the changing times, the roles and responsibilities of real estate asset managers become even more vital. Real […]

  • June 30, 2023
  • OHI
The Top 10 Metrics Every Real Estate Investor Should Know

The Top 10 Metrics Every Real Estate Investor Should Know

Real estate investment is an attractive avenue for generating wealth and building a diversified portfolio. However, successful real estate investing requires a deep understanding of various metrics and indicators that can help investors make informed decisions. In this blog post, […]

  • June 14, 2023
  • OHI
Multifamily Financial Reporting: An Overview of Key Reports and Statements

Multifamily Financial Reporting: An Overview of Key Reports and Statements

Financial reporting is a crucial aspect of multifamily real estate investing. It provides investors, property owners, and stakeholders with valuable insights into the financial performance and health of multifamily properties. By understanding and analyzing key reports and statements, investors can […]

  • June 8, 2023
  • OHI
Performance Measurement and Reporting in Real Estate Asset Management

Performance Measurement and Reporting in Real Estate Asset Management

Real estate asset management is a complex and multifaceted field that involves the management and optimization of various types of properties. Whether it’s residential, commercial, or industrial real estate, effective asset management is crucial for maximizing returns and ensuring long-term […]

  • May 29, 2023
  • OHI
Overview of HOA Accounting: Roles, Responsibilities, and Best Practices

Overview of HOA Accounting: Roles, Responsibilities, and Best Practices

Homeowners’ Associations (HOAs) play a crucial role in managing and maintaining communities, ensuring that common areas and amenities are well-maintained and property values are preserved. Central to the effective operation of an HOA is proper accounting and financial management. In […]

  • May 19, 2023
  • OHI
Key Considerations for Successful Real Estate Accounting Outsourcing

Key Considerations for Successful Real Estate Accounting Outsourcing

In the competitive world of real estate, companies are constantly seeking ways to optimize their operations and focus on their core competencies. One increasingly popular solution is outsourcing real estate accounting services. By entrusting their accounting functions to specialized service […]

  • May 11, 2023
  • OHI
Real Estate Accounting Software Comparison – Buildium, AppFolio and Yardi Voyager

Real Estate Accounting Software Comparison – Buildium, AppFolio and Yardi Voyager

Real estate accounting software makes life easier for real estate professionals. They help manage multiple properties, handle complex lease agreements, and deal with a range of financial and compliance requirements. However, finding the best real estate accounting software for your […]

  • April 28, 2023
  • OHI
Key Metrics to Track in Real Estate Asset Management

Key Metrics to Track in Real Estate Asset Management

The role of asset management in the real estate sector is to oversee the entire property end-to-end. Driving revenues and profitability is an important aspect of function. This is where establishing clear Key Performance Indicators (KPI), or key metrics, can […]

  • April 19, 2023
  • OHI
Understanding and Reporting on Multifamily Budget Variances

Understanding and Reporting on Multifamily Budget Variances

A multifamily budget variance occurs when there is a difference between the actual expenses, revenue of a property, and the budgeted amounts. Analyzing multifamily budget variances helps the leadership and management understand what transpired, why it happened, and what could […]

  • April 13, 2023
  • OHI
How To Stay Safe And Secure When Outsourcing Your Accounting Needs

How To Stay Safe And Secure When Outsourcing Your Accounting Needs

As a business owner, you have many things to think about. You must ensure that your employees are well-trained and productive, customers are happy with your service, and your finances are in order. Outsourcing accounting needs is one of the […]

  • April 5, 2023
  • OHI
Strategies for Overcoming Accounting Challenges in Rapidly Growing Companies

Strategies for Overcoming Accounting Challenges in Rapidly Growing Companies

Every entrepreneur wants to see their business grow. However, rapid growth also brings along significant operational & accounting challenges for small business. If you’re not prepared, it can quickly strain your staff and resources. Below we’ve outlined the top accounting challenges of […]

  • March 17, 2023
  • OHI
The Role of Accountants in Managing Real Estate Investment Trusts (REIT Accounting)

The Role of Accountants in Managing Real Estate Investment Trusts (REIT Accounting)

Have you ever considered the benefits of hiring an accountant specializing in managing real estate investment trusts (REITs)? Many busy investors lose out on profitable investment opportunities because they don’t have a trusted advisor to help them navigate their taxation […]

  • March 8, 2023
  • OHI
Money-Wasting Business Accounting Mistakes You Must Avoid

Money-Wasting Business Accounting Mistakes You Must Avoid

Business accounting is largely considered the foundation on which the success or failure of an organization depends. Not only does it help companies classify, understand, record, and interpret their basic financial data, but it also equips them to find a […]

  • February 24, 2023
  • OHI
The Role of Automation in Accounts Receivable: From Overdue Invoices to Cash Flow Optimization

The Role of Automation in Accounts Receivable: From Overdue Invoices to Cash Flow Optimization

Accounts receivable are a company’s future revenue stream. While many top accounts receivable outsourcing companies exist, bringing order to accounts receivable is still a strategic imperative. This is where automation in accounts receivable comes in. Automation helps you improve efficiency, […]

  • February 16, 2023
  • OHI
Top Strategies for Managing Your Accounts Receivable Aging Report

Top Strategies for Managing Your Accounts Receivable Aging Report

An essential financial tool that helps accountants and business owners evaluate their organization’s finances is the accounts receivable aging report. It divides outstanding bills into age-based categories to provide a clearer picture of the company’s cash flow and detect any possible […]

  • February 6, 2023
  • OHI
The Role of Technology in Property Accounting

The Role of Technology in Property Accounting

Nowadays, we’re witnessing rapid innovation in the realm of real estate technology. Innovations are constantly moving and enhancing how we function, making this a fantastic time to be a part of this industry. In the last few years, the real […]

  • January 30, 2023
  • OHI
How to Track Income and Expenses for Rental Properties

How to Track Income and Expenses for Rental Properties

Keeping tabs on rental income and expenses is a crucial element of being a successful real estate investor and entrepreneur. Unfortunately, this practice is also among the things real estate professionals dislike the most. However, staying clear of IRS trouble […]

  • January 20, 2023
  • OHI
Understanding the Tax Implications of Investing in Real Estate Investment Trusts (REITs)

Understanding the Tax Implications of Investing in Real Estate Investment Trusts (REITs)

Real estate investment trusts (REITs) serve as a preferred option for those who want to invest in real estate but don’t want the hassle of buying or managing a property.  Due to their high yields, real estate investment trusts are popular […]

  • January 10, 2023
  • OHI
What is a Real Estate Investment Trust (REIT)?

What is a Real Estate Investment Trust (REIT)?

Real estate investment trusts (REITs) own, manage and finance income-generating real estate across a broad spectrum of property sectors. To be classified as REITs, these real estate firms must satisfy several criteria and regulations. Most REITs are listed on prominent […]

  • December 27, 2022
  • OHI
Why a Balance Sheet is Important in Real Estate

Why a Balance Sheet is Important in Real Estate

As an owner of commercial real estate, have you ever wondered what your net worth is? The quickest way to determine your net worth is by looking at your balance sheet. You can determine the value of each property and […]

  • December 20, 2022
  • OHI
Biggest Challenges in Accounting for Property Management Companies

Biggest Challenges in Accounting for Property Management Companies

As a provider of property management services, you have a lot of challenges to deal with. Your primary responsibilities include managing leads, listing properties, document management, planned preventive maintenance, and billing and payment collection. While these are your core business […]

  • December 13, 2022
  • OHI
Accounting for Real Estate: Easy Ways to Keep Track of Finances

Accounting for Real Estate: Easy Ways to Keep Track of Finances

An escalating number of transactions, adherence to a plethora of state regulations, etc., are now part of the real estate industry’s standard operating procedures. Most of all, real estate businesses must maintain accurate books because accounting is a crucial and […]

  • December 6, 2022
  • OHI
5 Best Practices for HOA Accounting

5 Best Practices for HOA Accounting

The real estate accounting requirements of HOA communities can be complicated. Budgets, financial objectives, and compliance with state rules and regulations regarding HOA finances are all the responsibility of the board. However, not all board members come with extensive accounting […]

  • November 28, 2022
  • OHI
How Real Estate Businesses Can Benefit by Outsourcing Accounting to OHI

How Real Estate Businesses Can Benefit by Outsourcing Accounting to OHI

To be successful in your real estate business, you need to retain your existing clients and scale your business by getting new clients. All of this requires an investment of a lot of time and effort. If you focus on […]

  • November 15, 2022
  • OHI
A Guide to Real Estate Investment Funds

A Guide to Real Estate Investment Funds

As an essential alternative asset class, real estate is considered among the least risky investments that offer diversification and excellent yields for all sorts of investors. Although not everybody is cut out for the rigours of discovering, purchasing, and maintaining a single […]

  • November 9, 2022
  • OHI
The Basics of Investing in Real Estate

The Basics of Investing in Real Estate

Do you want to invest in real estate but don’t know where to start? Are you interested in learning the pros and cons of real estate investing? Most importantly, are you aware of the tax benefits of real estate investing? […]

  • November 4, 2022
  • OHI
Top 7 Accounting Tips for Small Businesses

Top 7 Accounting Tips for Small Businesses

As the financial year draws to a close, it might seem too early to review your accounting system as a business owner. Should you start checking your books of accounts at the end of the financial year? The answer is […]

  • October 6, 2022
  • OHI
Real Estate Budgeting and Forecasting: Getting Organized

Real Estate Budgeting and Forecasting: Getting Organized

While real estate budgeting and forecasting decide the success or failure of your business, the steps that lead to the preparation of the budget are equally important. What are these steps to preparing a real estate budget? What information do […]

  • September 27, 2022
  • OHI
How You Can Benefit from Outsourcing Asset Management Services

How You Can Benefit from Outsourcing Asset Management Services

Like the majority of industry players, you might frequently feel rushed, with insufficient time available during the day to manage your business and set up your company for expansion. If you had a choice, undoubtedly, you would prefer to devote […]

  • September 22, 2022
  • OHI
Six Tips for Efficient and Accurate Lease Abstracting

Six Tips for Efficient and Accurate Lease Abstracting

Lease abstraction refers to the process of condensing and deriving key clauses or provisions in leases and related lease documents to make it easier for tenants to comprehend the terms and conditions of leasing space from the landowner’s property.  Lease abstracting could be a […]

  • September 19, 2022
  • OHI
Is it Important to Have a Lease Administration Team?

Is it Important to Have a Lease Administration Team?

Lease administration is instrumental in the effective management of risks, lease terms execution, recoveries, and accounting, which opens up huge cost-saving opportunities and provides you immense control and authority over lease portfolios. People frequently find themselves in a precarious situation […]

  • September 13, 2022
  • OHI
Year End Accounting Checklist: How to Close the Fiscal Year

Year End Accounting Checklist: How to Close the Fiscal Year

The conclusion of the final year is undoubtedly among the most crucial periods for the finance department. The preparation of end-of-year accounts, reports, statements, and financial reporting requires finance specialists to spend days digging into the books. To make things even more demanding, […]

  • September 7, 2022
  • OHI
How to Set a Budget for Your Real Estate Business (Real Estate Budget)

How to Set a Budget for Your Real Estate Business (Real Estate Budget)

Having a successful real estate business is half the job done; the other half depends on how well you manage your business’s finances. Not managing your finances means paying higher taxes, negative cash flows, or federal penalties. In this blog, […]

  • September 2, 2022
  • OHI
Why Businesses Need to Understand Robotic Process Automation in Accounting

Why Businesses Need to Understand Robotic Process Automation in Accounting

In modern times, technology is advancing rapidly, making it crucial for every business to automate its processes. It is no different for the accounting domain, and to survive in this competitive world, companies must automate their accounting procedures. This is […]

  • July 28, 2022
  • OHI
How OHI Makes Remote Accounting Simple

How OHI Makes Remote Accounting Simple

Accounting is an important support function for any business. Traditionally, businesses have always had an accounting department, which ensures that the books are updated every month and that the company is in great fiscal shape. Technology is shifting this reality. […]

  • July 21, 2022
  • OHI
Make Your Lease Renewal Process Easier

Make Your Lease Renewal Process Easier

When renting out a property, it is normal to renew the lease with an existing tenant. Lease renewal helps continue your relationship with a tenant who has been regular with rent payments and has taken good care of your property. After […]

  • July 14, 2022
  • OHI
How Important is Property Management in Real Estate?

How Important is Property Management in Real Estate?

Buying, selling, and managing any piece of real estate is a long-term investment game. It comes with several challenges as well as rewards, provided it is handled with the right expertise. A growing practice in the real estate sector is […]

  • June 28, 2022
  • OHI
How to Find an Accountant Who Specialises in Real Estate?

How to Find an Accountant Who Specialises in Real Estate?

Real estate has always been a prominent business industry. Similar to every other business, accounting plays a considerable part in this domain. Accounting is usually an integral part of business as it assists in optimising and managing financial resources. Nevertheless, […]

  • June 20, 2022
  • OHI
Potential Benefits of Outsourcing Accounts Receivable

Potential Benefits of Outsourcing Accounts Receivable

Business process outsourcing is back in vogue today. Whether large scale or not, all companies alike are actively seeking to improve their operational efficiencies and turnaround times by hiring outsourcing partners for various business processes. In fact, in a research […]

  • June 13, 2022
  • OHI
Top Accounting Activities That Can Be Readily Outsourced

Top Accounting Activities That Can Be Readily Outsourced

Accounting services are important for any company since failure to adhere to government regulations can attract severe penalties. However, if accounting is not your core business, you should avail of finance and accounting outsourcing companies. These firms are specialists and […]

  • June 6, 2022
  • OHI
Prioritizing Transformative Areas in Real Estate Accounting

Prioritizing Transformative Areas in Real Estate Accounting

Real estate has always been an outstanding business field, and like every other industry, accounting plays a considerable role here. Accounting is usually considered the backbone of a business as it aids in managing and optimising its monetary resources. However, […]

  • May 26, 2022
  • OHI
The Definitive Guide to Accounting Productivity for Real Estate

The Definitive Guide to Accounting Productivity for Real Estate

Real estate is a business with long sales cycles and a complex accounting mechanism. It is important to understand the nitty-gritty of accounting for real estate investors to increase productivity. With a view to achieving favourable cash flows and healthy […]

  • May 23, 2022
  • OHI
Why Should a Real Estate Agent Hire a CPA?

Why Should a Real Estate Agent Hire a CPA?

As real estate agents, there are two essential things you need to remember to stay in business. First, ensure that your existing clients are happy and refer new clients to grow your business. Second, maintain your books of accounts as […]

  • May 18, 2022
  • OHI
Your Guide to Finding the Best Property Management Firm

Your Guide to Finding the Best Property Management Firm

With the sheer number of property management companies in the country, you will be left spoilt for choice. One way to select the best property management services is to assess your needs to reduce expenses and develop a long-term relationship.  […]

  • May 10, 2022
  • OHI
How to Choose an Accountant (Provider) to Manage your Finances

How to Choose an Accountant (Provider) to Manage your Finances

Accountants are important in businesses large and small. Whether you use an accounting outsourcing service or hire an in-house accountant will depend on your business needs. But choosing the right accountant for your firm should be done with utmost care. […]

  • May 4, 2022
  • OHI
Real Estate Accounting: Everything You Need to Know

Real Estate Accounting: Everything You Need to Know

What is Real Estate Accounting? Real estate involves a large number of financial processes and complications, numerous regulations and laws to follow, multiple transactions for the same property, and many other complexities that need to be organised and managed meticulously. […]

  • April 19, 2022
  • OHI
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 […]

  • April 1, 2022
  • admin@ohi
What is Cross Referencing in Accounting?

What is Cross Referencing in Accounting?

Real estate companies have to deal with hefty transactions and bills. As a result, accountants of real estate companies are always under pressure. Accounting errors can be quite costly for real estate organisations in the long run. This is why accountants […]

  • March 29, 2022
  • OHI
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 […]

  • March 24, 2022
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What is the Cost of Goods Sold in Real Estate and How to Calculate?

What is the Cost of Goods Sold in Real Estate and How to Calculate?

Real estate comprises land, buildings, and natural resources. Commercial properties for sale include hotels, offices, stores, and more. Research centres, warehouses, and factories are considered industrial property. The real estate business has evolved beyond just the purchase and sale of […]

  • March 22, 2022
  • OHI
What is Proof of Funds in Real Estate Business?

What is Proof of Funds in Real Estate Business?

In any business transaction, the seller wants to ensure that the buyer has sufficient funds to pay for a purchase. The seller needs an assurance or guarantee, known as proof of funds. Let us understand the POF’s meaning.  POF is […]

  • March 17, 2022
  • OHI
What are the Challenges in Real Estate Accounting?

What are the Challenges in Real Estate Accounting?

Real estate agencies have to complete several internal processes besides selling and renting properties. One such process is accounting, which needs to be performed regularly by a real estate firm. Many real estate agencies hire in-house accountants to complete the […]

  • March 15, 2022
  • OHI
Proactive Accounting: Why is it Important for Your Business?

Proactive Accounting: Why is it Important for Your Business?

Accounting forms the backbone of business health. While many accountants work diligently to ensure that errors or blunders do not happen, many businesses still believe that their accountants work reactively rather than proactively. In fact, in a study conducted by […]

  • March 7, 2022
  • OHI
True Up in Accounting: What is It?

True Up in Accounting: What is It?

Financial statements should always provide the true value of financial and operational information. The definition of true up is to level, align, and balance something. When two or more accounts are matched or reconciled, the true up process is in […]

  • March 3, 2022
  • OHI
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 […]

  • February 28, 2022
  • admin@ohi
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 […]

  • February 27, 2022
  • admin@ohi
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 assets on rent for residential or commercial purposes. Obviously, the target is to get rent […]

  • February 24, 2022
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How to Understand a Real Estate Income Statement

How to Understand a Real Estate Income Statement

Investing in real estate is highly recommended by financial experts, given the underlying value it possesses. However, finding the right real estate to invest in can be quite challenging. It is one of the key factors used to monitor the […]

  • February 21, 2022
  • OHI
Best Accounting Outsourcing Companies in 2022

Best Accounting Outsourcing Companies in 2022

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 […]

  • February 21, 2022
  • admin@ohi
How to Minimize Taxes on Rental Income?

How to Minimize Taxes on Rental Income?

Rental homes can come with many costs, from maintenance and upkeep to interest on the mortgage. However, having a rental property can assist you in building wealth over the long run and diversifying your income streams. Specifically, having a steady […]

  • February 18, 2022
  • OHI
What Should a Monthly Property Management Report Cover?

What Should a Monthly Property Management Report Cover?

Property owners expect a property maintenance 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 software is used for this purpose.  Property management reports […]

  • February 17, 2022
  • admin@ohi
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, […]

  • February 16, 2022
  • admin@ohi
How to Manage a Large Property Portfolio

How to Manage a Large Property Portfolio

The real estate business is a highly lucrative asset for investors all across the globe. It entails having multiple properties that can be rented out. In order to do it successfully, you need to maintain a property portfolio as this […]

  • February 15, 2022
  • OHI
How is Virtual Reality Revolutionizing the Real Estate Business?

How is Virtual Reality Revolutionizing the Real Estate Business?

Welcome to the arena of virtual reality (VR), a technology that immerses the user into a virtual world and thereby has significant implications for real estate companies.  Harnessing technology, virtual reality has helped bridge the gap for buyers in the […]

  • February 11, 2022
  • OHI
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. Since real estate is […]

  • February 9, 2022
  • admin@ohi
Understanding Lease Abstracts- Real Estate Abstract

Understanding Lease Abstracts- Real Estate Abstract

What is a Lease Abstract? Lease abstract is a commonly used word in the real estate world. You must have heard of the term several times but in case you don’t know what is a lease abstract, we are here […]

  • January 27, 2022
  • admin@ohi
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. Financial management dashboards help with providing an efficient cash management […]

  • January 26, 2022
  • admin@ohi
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 […]

  • January 21, 2022
  • admin@ohi
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 […]

  • January 19, 2022
  • admin@ohi
Benefits of Client Accounting Services in 2022

Benefits of Client Accounting Services in 2022

Recently, technical improvements in the accounting sector have resulted in the introduction of the concept of CAS, or Client Accounting Services, which is quickly gaining popularity among consumers and is becoming increasingly popular. As a company flourishes and its growth […]

  • January 18, 2022
  • OHI
The Future of Outsourced Accounting Services: A Guide for 2022

The Future of Outsourced Accounting Services: A Guide for 2022

These days, technological advancements have seeped into the core of operations across all industries alike—and accountancy is no exception. The advent of new methodologies to carry out the functions of accounting as a service without being confined to traditional techniques […]

  • January 13, 2022
  • OHI
Advantages of Virtual Accounting Services for Real Estate Companies

Advantages of Virtual Accounting Services for Real Estate Companies

As a real estate business owner, you should be spending time interacting with property buyers and sellers to close more sales. If you spend time on routine accounting tasks, you may lose a customer. Keeping a track of the accounting […]

  • January 11, 2022
  • OHI
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 the construction sector is […]

  • January 11, 2022
  • admin@ohi
Why You Need to Backup Your Accounting Data

Why You Need to Backup Your Accounting Data

If accurate projections about future business growth based on your current performance are vital, creating a backup of your financial accounting data is even more critical. You might need the data to check financial transactions between your company and customers, […]

  • January 7, 2022
  • OHI
How to Make it Easier to Manage Your Real Estate Accounting Books?

How to Make it Easier to Manage Your Real Estate Accounting Books?

Accounting is a compulsory process for realtors around the world. The primary focus of realtors is to sell properties. However, they need to find some time for managing their books. Accounting books are required for many tasks, from tax filing […]

  • January 5, 2022
  • OHI
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, 2021
  • admin@ohi
What is DaaS? How Important is it for Accounting?

What is DaaS? How Important is it for Accounting?

The contemporary digital world is powered by data. The importance and applications of data have grown exponentially over the last decade. Businesses rely on big data for obtaining valuable insights related to their target market, industry and future growth prospects. […]

  • November 26, 2021
  • OHI
Benefits of Accounts Payable Automation for Real Estate Businesses

Benefits of Accounts Payable Automation for Real Estate Businesses

Real estate is one sector that is full of high risks. Its owners need to keep their property records very carefully. With a slew of funds and plenty of projects picking up momentum in the past quarters, the real estate […]

  • November 24, 2021
  • OHI
How Has Technology Changed the Outsourced Accounting Industry?

How Has Technology Changed the Outsourced Accounting Industry?

Technology has revolutionized the outsourced accounting industry in so many ways that it is becoming increasingly difficult for accounting firms to stay up with all of the most recent trends and developments. A new set of skills must be created […]

  • November 19, 2021
  • OHI
What is DeFi and How Does it Help in Real Estate Accounting

What is DeFi and How Does it Help in Real Estate Accounting

Cryptocurrency and blockchain technology have taken the world by a storm recently, with being extremely lucrative and safe for use at the same time. However, it is decentralized finance, or DeFi, that has been at the forefront in the crypto-umbrella. […]

  • November 16, 2021
  • OHI
Why You Should Use Real Estate Accounting Apps?

Why You Should Use Real Estate Accounting Apps?

To know how well your business is doing, you need a proper accounting system in place. Cash flows, profits, and losses are vital signs for the health of your business and help you take long-term strategic decisions to improve your […]

  • November 12, 2021
  • OHI
Everything You Need to Know About Real Estate Compliance

Everything You Need to Know About Real Estate Compliance

The contemporary business landscape is very dynamic. To keep a check on unfair business practices, governments worldwide have numerous compliance measures in place. The compliance rules and regulations vary depending on the industry and type of business. There is a […]

  • October 29, 2021
  • OHI
Know How Artificial Intelligence (AI) will Change the Commercial Real Estate Industry

Know How Artificial Intelligence (AI) will Change the Commercial Real Estate Industry

Almost every major industry uses some form of artificial intelligence (AI). AI algorithms are streamlining processes in a variety of industries, including healthcare and transportation. Artificial intelligence (AI) is now being used in almost every sector where data is being […]

  • October 25, 2021
  • OHI
How to Organize your Real Estate Budgeting and Forecasting

How to Organize your Real Estate Budgeting and Forecasting

Finances are a good standard to measure how well your business is doing – they tell you how much capital your business stands on as of now. While the current financial situation does reflect the status of your business, it […]

  • October 19, 2021
  • OHI
Impact of Covid-19 on Real Estate Financial Reporting

Impact of Covid-19 on Real Estate Financial Reporting

The COVID-19 pandemic had a widespread impact on the global economy due to the lower volume of transactions leading to losses. In the real estate sector, the impact has been even more significant since the ticket size of each real […]

  • October 15, 2021
  • OHI
A Complete Guide to Construction Accounting

A Complete Guide to Construction Accounting

Accounting for small business owners, with just a few employees on the payroll, select products, and a limited number of transactions is often seen as a herculean administrative task.   Especially for businesses operating in the construction arena, accounting can […]

  • October 13, 2021
  • OHI
Accounting for Fixed Assets: 5 Best Practices

Accounting for Fixed Assets: 5 Best Practices

The long-term tangible pieces of property are termed fixed assets. Every company/business type requires certain fixed assets to carry out their operations smoothly and generate income through them.  These may include plant, property, equipment, etc. These capital asset types play […]

  • October 8, 2021
  • OHI
5 Impacts of COVID-19 on Commercial Real Estate

5 Impacts of COVID-19 on Commercial Real Estate

COVID-19 has hit businesses globally, and the commercial rentalproperty market has not been spared. There are significant disruptions likely in the short and medium term. The work-from-home concept has become a norm and is just one of the few trends […]

  • October 5, 2021
  • OHI
The Impact of CAM Reconciliation on Leasing Strategy

The Impact of CAM Reconciliation on Leasing Strategy

Accounting for Common Area Maintenance, or Reconciliation, better as CAM, contributes majorly in achieving accuracy in accounting and cash flow. It is one of the most critical processes in the commercial leasing process in real estate that needs to be handled extremely […]

  • September 30, 2021
  • OHI
How to Handle Accounts Receivable During the Pandemic

How to Handle Accounts Receivable During the Pandemic

Business revenues have been hit badly due to the pandemic, and businesses are still trying to adapt to the new normal. Not only have revenues come down, but the collection of revenues from customers has also been affected. Every business […]

  • September 28, 2021
  • OHI
Guide to Accounting for Logistics and Transportation Companies

Guide to Accounting for Logistics and Transportation Companies

Transportation and logistics companies play a major role in everyday commerce by moving goods from one place to another. From procurement of raw materials to the final delivery of packaged goods to the end consumer, it acts as an important […]

  • September 24, 2021
  • OHI
Benefits of Asset Management to Enhance Your Business

Benefits of Asset Management to Enhance Your Business

Asset management refers to the collection and storage of all data relating to your business assets. The definition of asset management comprises both tangible and intangible assets. You can find all the information you need in a centralized dashboard.   Asset […]

  • September 21, 2021
  • OHI
Advantages of Outsourcing Lease Abstraction Services

Advantages of Outsourcing Lease Abstraction Services

Lease agreements can be very lengthy. Based on the timeframe of the lease, along with different terms and conditions, the length of the lease agreement varies. Short-term lease agreements may be about 12 pages long, whereas long-term ones may exceed the 50-page mark as well. Going […]

  • September 17, 2021
  • OHI
Know About Zero Based Budgeting and Its Benefits to Your Business

Know About Zero Based Budgeting and Its Benefits to Your Business

Budget – The Key to Business Profitability is one of the essential parts of planning a business. Without budgeting, there is no control over the cash flow, and it cannot be known in which direction the business is moving. A […]

  • September 15, 2021
  • OHI
Virtual Accounting Services: How it Will Help Your Business

Virtual Accounting Services: How it Will Help Your Business

Did you know that 94% of the accountants have adopted cloud accounting? With the technological capabilities of industries advancing rapidly, the day is not far when virtual accounting services will overtake the traditional mode of doing this job. The surprising […]

  • September 13, 2021
  • OHI
Minimize the Possibility of Fraud by Outsourcing your Accounting Services!

Minimize the Possibility of Fraud by Outsourcing your Accounting Services!

Today’s business owners face great challenges in maintaining financial transparency and complying with government norms. Under such complex scenarios, it is advisable to switch to outsourcing services like auditing and accounting.  By outsourcing your accounting services to professionals in the […]

  • September 10, 2021
  • OHI
Best Practices to Improve Ecommerce Accounting

Best Practices to Improve Ecommerce Accounting

Every eCommerce business, whether it’s run through Amazon, BigCommerce, Etsy, or Shopify, needs a robust accounting system in place to handle the financial aspects. Ecommerce accounting is a business’s foundation, and a solid foundation is necessary to keep a business […]

  • September 8, 2021
  • OHI
How the Accountants Adapted to the Challenges Faced During Covid-19

How the Accountants Adapted to the Challenges Faced During Covid-19

In the ever-evolving landscape of business, organizations worldwide are confronting unprecedented challenges that have the potential to create profound impacts. The onset of the Covid-19 pandemic has been a testament to this, reshaping the very fabric of professional environments. For […]

  • September 3, 2021
  • OHI
How to Find the Best Real Estate Accountant

How to Find the Best Real Estate Accountant

Accounting is an indispensable part of any business, even real estate. Real estate finds several uses for accounting services, which has led to an increased demand for real estate accounting services.  To find an accountant is a lot of work […]

  • August 27, 2021
  • OHI
Construction Accounting Problems and their Solutions

Construction Accounting Problems and their Solutions

The construction industry has been a growing enterprise for the past few years. By determining the efficiency of the projects and the time taken to develop them, we can determine the growth. In recent years, we have seen some technologically […]

  • August 25, 2021
  • OHI
Real Estate Technology Trends of 2021

Real Estate Technology Trends of 2021

Technological advancement is the way to the future. The coronavirus event has proven this point by accelerating technology adoption into industries worldwide. Although the COVID-19 pandemic seems to have set things back at first glance, the Real Estate sector has […]

  • August 13, 2021
  • OHI
The Right Investment Option: Single-Family or Multifamily Rentals

The Right Investment Option: Single-Family or Multifamily Rentals

“I want to invest in real estate, so I started looking for a property 2 months back. While I initially started searching both single-family and multifamily rentals, I believe a dedicated choice would help me make a quick decision. Which […]

  • August 10, 2021
  • OHI
A Simple Guide to Help you Find the Best-Suited Property Management Software

A Simple Guide to Help you Find the Best-Suited Property Management Software

In simple terms, Best Commercial Property Management Software is designed to assist landowners and real estate businesses in managing their various properties. These software can perform multiple tasks such as keeping tabs on rent, scheduling maintenance and repair tasks, managing […]

  • August 6, 2021
  • OHI
Small Business Accounting: Closing of Books at the End of the Year?

Small Business Accounting: Closing of Books at the End of the Year?

Closing of books at the conclusion of each year is a traditional task, and an effective bookkeeping procedure simplifies the entire process. The closing process encompasses the year’s transactions and ensures an appropriate categorization.  Newly established businesses often encounter considerable […]

  • July 30, 2021
  • OHI
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
  • OHI
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
  • OHI
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
  • OHI
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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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Pricing Options for Accounts Payable Outsourcing Services

Pricing Options for Accounts Payable Outsourcing Services

Outsourcing accounts payable process is where accounts payable of a company is managed by some third party accounts payable companies. 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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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 […]

  • 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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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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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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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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What is Yardi Voyager?

What is Yardi Voyager?

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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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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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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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

One aspect of your business that you can’t afford to neglect is accounting. Fortunately, with the advent of technology and the rise of virtual accounting services, you now have a way to streamline your financial operations and enjoy several benefits.  […]

  • 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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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 practices 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

Benefits of outsourcing 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 […]

  • 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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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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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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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
  • admin@ohi
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
  • admin@ohi
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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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 of the company. Which in turn aids in making insightful business decisions with clearly-devised […]

  • September 27, 2018
  • admin@ohi
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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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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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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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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Best Practices to Optimize your AP Process

Best Practices to Optimize your AP Process

Handling and optimizing 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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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

What is a controller in real estate? An Assistant Controller is a position that is typically filled by a qualified accountant or auditor who assists the controller in carrying out their duties. Assistant Controller or property management controller is responsible […]

  • 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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
5 Tips for Commercial Lease Abstraction

5 Tips for Commercial Lease Abstraction

An original Commercial lease is a legal document covering all the financial and non-financial details of a business or a property. And since it is a legal document and used for several purposes. Therefore, commercial leases have to capture every […]

  • 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 conventional approaches to using commercial financial reporting can be unreliable in terms of security. Multiple copies of the same file can be expensive to store and can interfere with backup systems. This is when people started looking for alternatives […]

  • 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 a firm. Financial statements are also the records of an individual involved […]

  • 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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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 reporting 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 […]

  • January 23, 2018
  • admin@ohi
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
  • admin@ohi
Best Accounting Practices for a Real Estate Company

Best Accounting Practices for a Real Estate Company

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 with a real estate firm involving […]

  • January 9, 2018
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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 a […]

  • February 10, 2017
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • admin@ohi
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
  • 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
  • admin@ohi
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
  • admin@ohi
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 the month-end close 90% of the respondents are under pressure to close faster About 39% of the respondents are satisfied with […]

  • November 22, 2016
  • admin@ohi
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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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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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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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

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