We understand the importance of accounting needs, especially in the commercial real estate business. We have highly skilled accounting team that closely works with property managers for a better understanding of the business and to provide the best service to our clients. We handle various accounting activities starting from bookkeeping to financial analysis and reporting. Below are the major accounting services we provide based on our client needs:
- Proforma preparation, annual budget preparation and financial analysis
- Preparation and delivery of monthly rental invoices to all tenants
- Establish procedures for prompt collection of rents due from the tenants in accordance with their lease provisions
- Weekly payment of utilities and vendor bills within the due dates to avoid unnecessary late fees
- Monitoring the spring and fall taxes and make payments on time
- Bookkeeping and reconciliation of all the property bank accounts
- Yearly CAM (Common Area Maintenance) reconciliations
- Quarterly Financial review meetings with property owners and help owners CPA in providing accurate financial information to meet with all State and Federal Tax compliances
- Prepare monthly comprehensive financial reports for review by property owner, providing information on Accounts Payables, Accounts Receivable, Budget Variance, General Ledger, Cash Flow Status, Lease Activity and issues to be resolved