Real Estate Business

Maximize Your Real Estate Business Profits with Outsourced Accounting Services Tailored for Real Estate Operations.

Specialized expertise

Outsourcing gives you access to expert insights, ensuring precise and compliant financial reporting.

Cost Savings

Minimize expenses related to staffing, training, and technology for your accounting needs.

Improved Efficiency

Enhance efficiency by accessing up-to-date financial data and insights, empowering informed decision-making.

Best Real Estate Accounting And Bookkeeping Outsourcing Services - AccounTaxBookkeeper

For decades, AccountaxBookkeepers has been the trusted ally of contractors and real estate developers, navigating the complexities of their industries effortlessly. Whether you’re a contractor, developer, or specialist, we understand the unique challenges you face in your journey to success. Our tailored accounting, bookkeeping, and financial advisory services are designed to meet your specific needs, empowering you with the information and tools necessary to thrive.

At Accountax Bookkeepers, we prioritize personalized service, recognizing that every client is different. We take the time to listen attentively to your concerns, identify opportunities, and communicate clear options and choices. Our goal is to provide you with current, comprehensive information to make informed decisions for your company’s future.

In today’s fast-paced real estate environment, success hinges on effective operational control and integrated accounting solutions. That’s where Accountax Bookkeepers excels. With our industry expertise and dedication, we streamline processes, control costs, and enhance client service. Partner with us and focus on your core strengths while we handle the intricacies of financial management.

Major Mistakes That We Have Come Across, Real Estate Clients Make While Preparing Their Books Of Accounts Are:

Our Real Estate Accounting And Bookkeeping Outsourcing Services

Setting up chart of accounts.
Sending invoices to tenants regularly.
Recording payments received from tenants, buyers, or prospective buyers.
Checking and recording bills from vendors.
Making payments to vendors.
Managing employee pay and updating payroll records.
Recording depreciation and other adjustments.
Segregating and allocating expenses by project.
Recording revenue and expenses based on contract completion stages.
Handling month-end or year-end closing entries.

Posting supplier invoices and making payments.
Allocating labor costs to projects.
Assigning electricity and direct expenses to specific projects.
Tracking property insurance policy expiry and recording prepaid expenses.
Approving and processing payments.
Reviewing and reconciling vendor balances.
Reconciling revenue property-wise.
Handling 1099 processing.
Providing Accounts Payable Aging reports.

Setting up lease accounts in the accounting software.
Recording monthly rent receipts.
Generating rent statements.
Reviewing and reconciling rent collections by property.
Assessing late payment fees.
Analyzing utility consumption.
Reviewing and reconciling tenant security deposits.
Providing Accounts Receivable Aging reports.

Monthly property control reports preparation.
Managing amortization and depreciation schedules.
Comparing actual expenses with monthly budgets and reporting variances.
Creating monthly Profit and Loss and Balance Sheet reports.
Generating cash flow statements and General Ledger reports.

Setting up payroll systems.
Calculating and processing paydays.
Handling payroll tax calculations and form submissions, including 941, 1099, 940, and quarterly state tax returns.

Who We Serve

Let's Talk About Your Service Needs

Engage with our expert consultants to explore and discuss your staffing requirements. Take advantage of a free trial to experience our staffing models before making a commitment.