Real Estate Bookkeeping
Bookkeeping is a routine process for any business to record the daily financial transaction and Real estate bookkeeping is no such difference.
Real estate bookkeeping is a very extensive and time-consuming process. The money flows from buyers, renters, and investors and outflows to vendors, property managers, and the government. One needs to keep track of these financial transactions to manage the real estate business. Failing to keep track of the financial performance can land you in trouble.
Bookkeeping service for real estate agents.
Real estate bookkeeping is a routine task where a bookkeeper enters the financial data of the company. The bookkeeper maintains the proper and accurate books of accounts. It helps the real estate agents to keep a tab on the incomes and expenses of the business. It keeps a record of everything from sales, purchases to the commission, etc.
You need a professional bookkeeper to assist you in manage to your books of accounts. Having an in-house professional bookkeeper will add overhead costs and maintenance. Outsourcing bookkeeping to an experienced bookkeeping service provider saves your cost while keeping your real-estate accounts accurate and proper.
At Meru Accounting we take care of bookkeeping needs for the real estate business. We can track and maintain financial records. Our experts have years of experience in handling the real estate bookkeeping service of the business in the US.
What does real estate bookkeeping include?
The finances of the real estate business are complex and you might struggle to maintain them by yourself. Outsourcing it to real estate bookkeeping professionals provides you a better review of your numbers. You have got enough details so having a bookkeeping expert can help in understanding them better.
A bookkeeping expert assists you to account the following data:
- Goods for the cost of sale
- Commission and other forms of income.
- Payroll functions.
- Taxes
- Expense in the form of property maintenance, employee salaries, etc.
- Management fees.
There are also other forms of income, expenses, and other financial data that you need to manage. You can outsource to Meru Accounting to review your transaction and perform real estate bookkeeping functions.
Real Estate Bookkeeping Services we offer:
We provide a comprehensive range of services -bookkeeping, accounting, and tax preparation for real estate companies, brokers, agents, investors, etc. Our experts have experience in handling any form of bookkeeping service. Our key services include:
Cloud Bookkeeping services:
We provide online bookkeeping services to real estate clients from individuals to companies. Thus, they don’t need to invest in the latest technology and tools and also reduce overhead costs. Our services include:
- Charts of Accounts and maintenance.
- General Ledger.
- Budgeting and Forecasting.
- Payroll Processing.
- Receivables management.
- Payable processing.
Reconciliation of Banks and Credit Card:
We have experienced and professional accountants to handle all various reconciliation of bank and credit cards for our real estate clients. It includes:
- Fully or partial reconciliation request.
- Reconciling a bank statement with a credit card.
- Reconciling vendor invoices with ledger entries.
- Reconciling a bank statement with real estate business records.
- Reconciling the passbook with cashbook.
Financial Reporting Services:
Proper and accurate financial statements are important for real estate companies. But it is time-consuming and tedious. We offer the following financial reporting services to assist our client:
- Preparation of Financial Statements and Reports.
- Calculation of Fixed Assets and depreciation.
- Country-Specific reporting services.
- Reports related to the general ledger accounts payable and accounts receivable.
- Financial Auditing and much more.
Tax preparation Service:
Our tax preparation service real estate companies include:
- Personal Tax Preparation.
- Business Tax Preparation.
- Strategies of Tax Deduction and much more
Why is Real Estate Bookkeeping an essential business function?
Real estate bookkeeping tracks the financial transaction of the business and provides a better view of its financial position. Proper and accurate books of accounts are important to have control over the finances.
Few points on how bookkeeping is essential.
- It helps to review the performance of the business. It tells how well the company is operating, based on cash flowing to the business and how you use them.
- It makes you ready for the tax season. Proper bookkeeping in place ensures the right numbers are in right place. Thus, you can comply with your tax obligations.
- It organizes your funds and tracks the spending of the money. Thus, it ensures decent cash flows where income exceeds the expense of the business.
- It helps in managing payments and efficient handling of finances. Thus, it provides a better credit score essential for securing a loan on favorable terms and conditions.
Why must you Outsourcing Bookkeeping Process?
Outsourcing your real estate bookkeeping is a smart move for any real estate business. It helps to make a substantial saving on time and investment. Hiring an outsourced bookkeeper provides access to someone who understands your business requirements as they are equipped with professional knowledge and expertise.
You may worry about losing control of your finance and business information. And you might think of having an in-house accounting and bookkeeping team, this would only increase your overhead cost and also demand your time.
So, why not hire us as your bookkeeping partner. Meru Accounting addresses all your bookkeeping requirements and concerns related to the real estate business.
Reasons to hire us:
Affordable Bookkeeping service: We provide quick and efficient bookkeeping at affordable rates. We charge on an hourly basis. We provide bookkeeping at the US $ 10 per hour of service. With us, you pay for only productive hours of quality work.
Professional Experts: We have CPA, CA, and accountants in our team. Our experts have years of experience and knowledge in handling real estate bookkeeping and accounting for US clients.
Latest Technology: We use the latest cloud accounting software such as XERO, QuickBooks, MYOB, NetSuite, and many more to ensure accurate, reliable, and efficient bookkeeping services. Cloud technology provides you remote access to your business data anytime.
Data Security: We have confidentiality agreements and data security policies in place to keep your crucial business information safe and secure. We use data encryption technology to protect your data.
Get in touch with us, to explore our services.
