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 as well as their overall business operations. It also enables these entities to be in […]

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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 faces challenges such as: Unqualified and inexperienced accountant/team Books are not updated on time Limited […]

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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 income. Is there a lease that would fit your bill perfectly? Of course, it’s called […]

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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 clearing payments. Ideally, with this software, it is possible to restructure your rent cycle and […]

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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 Cloud based accounting services the data is stored in remote external server and can be […]

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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 take care of multiple transactions. But, we still need bookkeeping and accounting to achieve organized […]

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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 sheets, and no investor can be great at what they do without knowing it like […]

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Pricing Options for Accounts Payable Outsourcing Services

Accounts payable outsourcing is a process where accounts payable of a company is managed by a third party service provider. This means, as a business, you handover your accounts payable process to a company that specializes in it. Through account payable outsourcing services, you can outsource your tasks like invoice processing, ap disbursement and accounts […]

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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 to, ensure you comply with statutory regulations, create budgets and make future projections, and file […]

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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 owner, you must first understand how commercial leases operate and before signing your lease agreement, […]

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