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full book-keeping services
Handling wide variety of clients from different industries including
- Retail
- Non-Profit
- Real Estate &
- Food Service
Accounting Services for Real Estate Businesses
Comprehensive Accounting Solutions for Real Estate Businesses
At Prudent Accountants, we recognize the dynamic and intricate nature of the real estate industry. Managing the financials of real estate operations demands specialized knowledge and meticulous attention to detail, given the complexities of property management, investment, and compliance requirements. Our comprehensive accounting solutions are designed to meet the specific needs of real estate businesses, whether you are managing residential complexes, commercial properties, or real estate investments.
Tailored Accounting Services to Streamline Real Estate Financial Management
From detailed tracking of property-related finances to strategic tax planning and compliance, we provide the expertise necessary to enhance your financial operations and support your business growth. Below are the tailored services we offer to help streamline your real estate financial management and maximize your investment returns:
Property Accounting: Tracking income and expenses related to individual properties, including rent, utilities, maintenance, and property taxes.
Lease Accounting: Managing lease agreements, including recording lease payments, tracking lease terms, and ensuring compliance with lease accounting standards such as ASC 842.
Capital Expenditure Planning: Budgeting and accounting for capital expenditures related to property improvements, renovations, or expansions.
Tenant Accounting: Managing tenant accounts receivable, including invoicing, rent collection, and addressing tenant inquiries or disputes.
CAM (Common Area Maintenance) Reconciliation: Calculating and reconciling CAM charges with tenants based on actual expenses incurred for common area maintenance.
Real Estate Investment Analysis: Conducting financial analysis to evaluate potential real estate investments, including cash flow projections and ROI calculations.
Tax Planning and Compliance: Advising on tax strategies specific to real estate investments, such as depreciation deductions and like-kind exchanges (1031 exchanges).
Financial Reporting: Preparing specialized financial statements tailored to the real estate industry, including statements of income and expenses by property and occupancy rates.
Development Cost Accounting: Tracking costs associated with real estate development projects, including land acquisition, construction expenses, and financing costs.
Asset Management Reporting: Providing reports to property owners or investors on the performance of real estate assets, including occupancy rates, rental income, and operating expenses.
Our specialized knowledge and meticulous attention to detail enable us to streamline your real estate financial management and maximize your investment returns. Reach out to us below!
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