Top Real Estate Accounting Services in Canada
Welcome to OHI, a leading provider of accounting services in Canada, specializing in real estate accounting, property accounting, and property management accounting. With 16 years of experience, we are your trusted partner in navigating the complexities of financial management in the Canadian real estate market.
Our expert team understands the unique challenges faced by real estate businesses, from property developers to investors and property management companies. We tailor our services to meet your specific needs, offering transparent financial reporting and streamlined processes to optimize your accounting operations.
Trust us to handle the intricacies of your financials while you focus on growing your real estate ventures. Choose OHI for reliable and efficient accounting services that propel your business forward in the dynamic Canadian real estate landscape.
Our Services
Tenant Accounting
Lease setup, move-ins and move-outs
Accounts Payable
Entry of invoices including 2/3 way matching with POs, utilities and payments
Accounts Receivable
Monthly rent run and processing rental receipts
General & Month End Accounting
Prepare schedules of month end utility, expense accruals and prepaid expense amortizations, management fee calculations and inter company accounting
Reconciliations
Operating and security deposit bank account reconciliations, tax, insurance, mortgage insurance and replacement reserve reconciliations
Prepare/Track Fixed Assets
Updating fixed asset register with new asset additions, dispositions and write-offs for property including to the unit (apartment) level
Monthly/Quarterly Financial Reporting
Comprehensive monthly financial reporting packages including actual-budget variance analysis for revenues and expenses
Rent Roll Analysis
Comprehensive rent roll analysis of a property for buyers covering financial analysis, tenant analysis, location review among others
Lender Reporting
Financials, leasing reports, property management executive summaries and other reports with respect to the property, borrower and guarantor
Budgeting Support & Analysis Services
Prepare budgets, financial analysis and cash flow forecasting
Software Upgrade/Changeover Services
Prepare software transition plans, set-up chart of accounts/tenant accounts/vendors, 2 way/3 way GL and bank reconciliations and handle accounting migration
Backlog and Clean-up Accounting Services
Clearing backlog of un-posted historic transactions, correction of existing miscoded GL entries, clean-up of chart of accounts and reconciling historic accounts with bank, credit card etc
Investor Support Services
Create and maintain investor waterfalls and cap tables, administrative processing investor contributions calls and disbursement proceeds, and investor reporting activities
Other Services
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Leasing
Lease Abstraction | Lease Entry | Lease Administration | Lease Audit | Lease Review | CAM Reconciliation
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Asset Management
Property & Portfolio Level Dashboards | Hold vs Sell Analysis | Cash Flow Projections | Asset Level Budgets
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Investment Analysis
Rent Roll Analysis | Financial Analysis | Market Research | Cash Flow Modeling | Hold Vs Sell Analysis
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Back Office Support
Maintenance Support Services | Document Management | Insurance Management-Renewals and Claims | Marketing Support
Interested In Knowing More
Watch it in Action
Software Expertise
Pricing
The indicative standard charges for Accounts Payable Specialist, Accounts Receivable Specialist and Property Accountant roles are listed below. Custom packages of 25, 50 and 80 hours per month are available.
Staff Profiles
Accounts Payable Specialist
Accounts Payable Specialist can perform activities such as 2 Way/3 Way matching of invoices with POs and GRs/Packing Slips, entry of invoices and utilities, coding of expenses, entering checks for further approval, tracking payables, vendor reconciliations and other miscellaneous accounts payable activities.
Accounts Receivable Specialist
Accounts Receivable Specialist typically can perform activities such as invoicing, running rents (for real estate cos.), tenant/customer set-up and accounting, late fee processing, rent receipting/cash application services, tracking receivables, email and call based collection support, and miscellaneous accounts receivable tasks.
Property Accountant
Property Accountant can provide the following accounting services- General ledger accounting, payroll, bank reconciliations, inter-company accounting, monthly closing of books including finalization and simple monthly reporting with variance analysis.
Other Service Packages
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1
Backlog Accounting
Clearing backlog of un-posted historic transactions, reconciling historic accounts with bank/vendor/customer statements, and bringing books upto date.
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2
Cleanup Accounting
Clean-up of chart of accounts including removing redundant accounts, updating vendor, customer and inventory lists, and correction of existing miscoded invoices, GL entries etc,.
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3
Software Transition Support
Accounting software transition including set-up of lists, mapping new to old chart of accounts, posting transactions in parallel runs, and 3 Way Reconciliations between Old Vs New Vs Statements.
Useful Articles
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