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 attempt to storm through this financial crisis that has resulted as an outcome of the […]

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What Should a Monthly Property Management Report Cover?

Property owners expect a proper property management report to keep track of their assets. The property management company gives the owner a clear understanding of their asset using financial reports. Property management reports need to consider the scope and objectives of the report. Who Needs a Property Management Report? Property management reports are needed by […]

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Real Estate Budgeting – Creating Budgets for a Successful Real Estate Business

You are focusing on your business and providing the best service possible to your clients and expanding your business, but are you successful? Your answer might be ‘yes’, of course, you are! But wait, having a great marketing strategy to take your business to the next level is only half the battle won. You also […]

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Best Accounting Practices for Property Management Firms [Infographic]

Accounting itself seems a bit complex situation to handle for many businessmen. And when it comes to property management accounting, the property managers have to take care of land, rents, invoices etc. in a meticulous manner which makes it quite a tedious task to undergo. As we know that real estate – sales and purchase are […]

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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 to maximize profits and adhere to the legal regulations. Any oversight or error in accounting […]

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Your Guide to Designing and Building an Efficient Financial Dashboard

What is a Financial Dashboard? Financial dashboards are comprehensive management tools that help organizations to keep track of relevant financial KPIs and take quick actions on the pressing financial issues. It helps with providing an efficient cash management solution that allows keeping a check on factors such as revenue, expenditure, profitability, etc. In today’s fast-paced […]

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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 accounting landscape has made it difficult to determine whether a lease agreement is following regulations […]

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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 management requires landlords, owners and property managers to oversee challenging asset-based portfolios and streamline routine […]

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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. Outsourcing the finance and accounting function decision will have a long-lasting impact both on the […]

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