Real Estate Accounting Services In Canada

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 18 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

Outsourced tenant accounting services

Tenant Accounting

Lease setup, move-ins and move-outs

Accounts payable services

Accounts Payable

Entry of invoices including 2/3 way matching with POs, utilities and payments

Outsourced accounts receivable services

Accounts Receivable

Monthly rent run and processing rental receipts

General & Month End Accounting in Canada

General & Month End Accounting

Prepare schedules of month end utility, expense accruals and prepaid expense amortizations, management fee calculations and inter company accounting

Outsourced Reconciliation services

Reconciliations

Operating and security deposit bank account reconciliations, tax, insurance, mortgage insurance and replacement reserve reconciliations

Fixed asset accounting services

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 financial reporting services

Monthly/Quarterly Financial Reporting

Comprehensive monthly financial reporting packages including actual-budget variance analysis for revenues and expenses

Low cost Rent roll anlaysis services

Rent Roll Analysis

Comprehensive rent roll analysis of a property for buyers covering financial analysis, tenant analysis, location review among others

Lender reporting services

Lender Reporting

Financials, leasing reports, property management executive summaries and other reports with respect to the property, borrower and guarantor

Budgeting Support & Analysis Services in Canada

Budgeting Support & Analysis Services

Prepare budgets, financial analysis and cash flow forecasting

Accounting software upgrade/change over services

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

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

Outsourced investor reporting services

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

  • Building icon

    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

Residential real estate accounting services

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Software Expertise

Yardi logo
AppFolio logo
Procore logo
Avidxchange logo
Realpage logo
Propertyware logo
Entrata-logo
Quickbooks logo
MRI Logo
Argus logo
Nexus logo
Buildium-logo
Oracle logo
Rent Manager logo
Sage logo
SAP Logo

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.

AP Specialist

CAD 2300

Full-time staffing (160 hours per month)

AR Specialist

CAD 2700

Full-time staffing (160 hours per month)

Property Accountant

CAD 3400

Full-time staffing (160 hours per month)

Staff Profiles

Accounting services

Other Service Packages

  • 1

    Backlog Accounting

    Clearing backlog of un-posted historic transactions, reconciling historic accounts with bank/vendor/customer statements, and bringing books upto date.

  • 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,.

  • 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.

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Property Management | Mixed Portfolio

A fully licensed, registered Real Estate Brokerage firm specializing in Property, Condominium and Asset Management. They are based in Alberta. The firm manages a portfolio in excess of USD 1 billion.

Owner/Developer | Mixed Portfolio

A mid-size Real Estate Developer with operations in British Columbia, Alberta, Washington and California, They builds amenity-rich residential and mixed-use communities. Having delivered over 20,000 homes with another 9,000 planned, being designed or under construction.

Property Management | Single & Multi-Family

A rapidly growing real estate firm based out of Ontario, Canada. They specialize in single and multifamily residential rental properties.

Owner/Developer | Mixed Portfolio

A well-known construction and development company in British Columbia specializing in construction and development of high rise concretes. It is a mid-sized firm and one of British Columbia’s most experienced and respected developers.

CA Firm

A large CA firm based in Ontario, Canada. The firm specializes in providing accounting and taxation services to real estate firms.

Property Management | Commercial

A private Canadian owned company head-quartered in Toronto Ontario. In almost 30 years the company has acquired over one million square feet of office, retail and residential property.

Owner/Developer | Commercial

A locally based company that has been investing and managing Vancouver retail and office properties for over thirty years. The firm specializes in offering well located office and retail space at highly competitive rates.

Construction

Operating from three offices, the firm services Canada’s construction industry. There capabilities are, but not limited to; Construction Management, Design-Build, Energy Retrofits, Design-Bid, Real Estate Advisory and Tenant Improvements.

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    Frequently Asked Questions

    What accounting services does OHI offer in Canada?

    OHI specializes in providing comprehensive real estate accounting services in Canada tailored for the real estate industry in Canada. Our expertise covers real estate accounting, property accounting, and property management accounting, ensuring accurate financial reporting and efficient financial management for your business.

    How experienced is OHI in the real estate accounting field?

    OHI has been a trusted player in the industry for over 16 years. Our extensive experience allows us to understand the unique challenges faced by real estate businesses, from property developers to investors and property management companies in Canada.

    Can OHI handle the accounting complexities for property management companies?

    Absolutely! OHI’s expertise extends to property management accounting in Canada. We assist property management companies in maintaining accurate financial records, optimizing budgets, and enhancing overall financial performance.

    Is OHI's real estate accounting service customizable to my business needs?

    Yes, definitely! OHI understands that every real estate venture is unique. We tailor our accounting services to meet your specific requirements, providing personalized financial solutions that align with your business goals.

    How can I get started with OHI's real estate accounting services in Canada?

    Getting started with OHI is easy. Simply reach out to us through our website or contact our team directly. We’ll schedule a consultation to discuss your accounting needs and create a customized plan for your real estate business in Canada.

    Certifications And Membership