Outsource Real Estate Accounting Services

Outsourcing emerges when a company retains another business to conduct some of its work activities. 

Moreover, it allows a company to concentrate on its core aspects by tasking less critical functions to the third-party outside organization.

real estate accounting services

Accounting is an essential part of every business. It is important to keep all the monetary records of the firm as it helps the higher management in strategizing the future plans of the organization. Accounting for real estate owners is necessary as a lot of transactions and huge costs are involved. In such a scenario, outsourcing is the best option. Taking the future prospects of the company into consideration, it is important to integrate a strong property management accounting system with other management functions. 

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Accounting Challenges Faced by The Real Estate Industry

This system should be well structured to control cost, reduce capital expenditure and improve service terms with clientele. Here are some of the accounting challenges faced by the real estate industry:

Evaluation of expenditures

In the real estate business, various types of costs must be properly classified to ensure the maintenance of proper financial records. Hiring a team of real estate accounting experts can help you get a picture of the financial health of your business.

Managing the back-office tasks 

Keeping track of all your back-office tasks can be a hassle. If you have just started a real estate business and think you’ve got plenty of time on your hands, you might want to give a second thought to your decision. The real estate industry is hectic; you need to stay on your toes all the time to capture more leads in the market.

Compliance Problems

High volume of invoices and money makes the real estate sector a well-known subject of financial regulations from various regulators –making audits compulsory. Muddled and cluttered bookkeeping and accounting process that depends on paper-based processes not only makes auditing hard but also can be ripe ground for any variations which are hard to clear out.

Managing paperwork

If you don’t want to get lost in a pile of paperwork, you need to form a proper workflow. Managing the paperwork of every property and client can take a toll on you and consume most of your time. In fact, this can also hamper your overall productivity at work.

Calculating taxes and other deductibles

Many realtors find it challenging or rather miss out on certain taxes or deductibles before quoting a price. And the difference between offered price and the final cost creates trust issues among the client and real estate agent.

How does Outsourcing Business Solutions (OBS) Help You Tackle the Challenges of The Real Estate Industry?

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Real estate is one of the fastest-growing industries, which involves multiple operations, including buying/selling property, property management, accounting, lending, etc. 

From calculating expenditures to estimating profit, there are many stages in accounting that have to be handled precisely in real estate accounting. Only a highly-skilled, professional and experienced accountant can complete the assigned tasks effortlessly without any errors.

Here is how we can help your business:

Increase revenue and cut down expenses

One way of raising your business’s revenue is by keeping a check on expenditures. Checking on numbers and other aspects is a challenging task and demands accuracy and time. You cannot just sit all day, leaving other jobs aside, and keep computing the expenses. This is where we come in. Our team at OBS will quickly analyze the costs and simplify the calculations.

Experienced Staff

To streamline your business, you need a strategic plan as it can influence the growth of your business. Our expert accountants at OBS, help you plan, design, and implement new strategies for your business.

Access to a variety of Accounting Services

We are capable of handling many operations like accounting for distributions, month-end closing GL & budget reconciliation and reporting, bank and mortgage reconciliations, statement of cash flows, payroll administrative services, income tax returns, etc.

Keep you updated

Staying updated on the property tax rates helps evade consequences and unwanted losses. Our accountants maintain a record of all the taxes and allow you to manage the overall tax returns effectively.

Access to Latest Technology

Outsourcing Business Solutions has access to the latest software and has fully trained staff.

Besides these, there are many advantages of outsourcing real estate accounting:

  1. By taking advantage of real estate outsourcing services, you slash costs and save time.
  2. You enhance your firm’s reputation, increase employee satisfaction rate and expand opportunities for scaling and development.
  3. Employing a combination of in-house and external talent allows real estate firms and organizations to tailor their capabilities in response to workload and client demands.
  4. You pay for a resource but get a supervisor as well as a backup resource for no additional costs.

Our experts understand your company’s finance and accounting requirements, come up with a plan and take steps towards expanding and growing your business. Partner with us today and find a custom solution for your business.

Real Estate Accounting Services We Offer

Real estate is such a vast industry and operating in this aggressive competition can be challenging if you do not monitor your finances and accounts efficiently every so often. Below are the real estate accounting services we offer:

Bookkeeping Services

One of the prominent real estate accounting services that we offer is bookkeeping. Bookkeeping services are a critical process while handling a real estate business, as it allows firms to track their income and expenditures to determine comprehensive financial performance.

Accounting Transaction Processing

Our experienced and competent team of professionals is capable of delivering top-quality services for real estate agents, such as receipt processing, invoice processing, online payment, vendor maintenance, etc. We provide these real estate accounting services with the help of our innovative, customizable, and computerized accounts processing tools.

Real Estate Financial Reporting

Outsourcing Business Solutions provides the clients with detailed and elaborated financial reporting services, which are extremely essential to meet their accounting requirements. Our aim at OBS is to provide real estate accounting services accurately and within a definite period of time.

Cash Management Services

Our highly qualified team has the essential knowledge and expertise to provide our real estate clients with efficient banking and cash management services. Our services are reliable and highly secure.

Tenant Accounting Services

It is of utmost importance to manage tenant accounting services efficiently. Thus, our team at OBS offers quick and precise tenant accounting services for our clients. Here, we assist them with services such as lease setup, move-outs, move-ins, etc.

Real Estate Payroll Processing

Managing the time and getting the correct resources for payroll processing is a critical chore for any business. Our accounting professionals are experienced and have the expertise to work on numerous accounting tools, providing our clients with the flexibility to use their preferred accounting software.

Starts @

$10/Hour

Top Notch Real Estate Accounting Services for US Firms at Affordable Rates

We Support Multiple Accounting Softwares

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Reasons to Choose Our Real Estate Accounting Services

While one of the major benefits of outsourcing real estate accounting services is saving enormous time, cost and increasing profits manifold, the following are some of the reasons that differentiate us from the market:

Cost-efficient

We provide highly cost-efficient accounting services without compromising the quality of the work. We will help you save costs and yield better revenues. 

Quick turnaround time

Our experts ensure that all the services we take up are delivered quickly.

Highly Scalable

Our real estate accounting services are highly scalable. It means it can be easily scaled up or down depending on your needs at any point of time.

Our Expertise

Our team of real estate accountants has the suitable understanding of the accounting domain and is updated with all the latest evolutions and regulatory changes in this sector.

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Outsource Real Estate Accounting Services to OBS

At Outsourcing Business Solutions, we have professionals that are well versed in providing tailor-made solutions to your problems. 

We have successfully served numerous clients at cost-effective rates without compromising the quality.

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Outsourcing Real Estate Accounting Services for US Businesses

OBS provides outsourcing real estate accounting services to USA firms. If you require real estate accounting services in New York, Texas, California, San Francisco, Washington DC, Las Vegas, Chicago, Houston, Illinois, Florida, Ohio, Oregon, Nevada, San Jose, Dallas, New Mexico, Massachusetts, Boston, Portland, Pennsylvania, New Jersey, New Hampshire, Phoenix, Arizona, San Antonio, San Diego or other parts of the US  or any other state in the US, you can outsource the service for your business with us.

FAQ's

Real estate accounting services can help you get organized about things that occur over time. So the sooner you understand its importance, the more generous the rewards will be in the long run. The outsourcing firm can help you get access to the latest software and experienced staff. It helps you save time, and cost, helping you increase the profitability of the organization.

In real estate, accounting makes a pathway for having accurate reports and records throughout the buying and selling processes. It provides a way to stay organized for critical activities related to tax collection and compliance. Real estate accounting can help you in:

  • A better understanding of the basis and need for good accounting
  • Learning the differences between bookkeeping and accounting
  • Managing the company’s expenses
  • Calculating key financial indicators by which you can measure any progress in your business.

Managing the real estate business can be a daunting task.

  • However, as a real estate accountant’s daily task includes analyzing the daily figures, they can certainly ease your job.
  • Real estate accounting outsourcing comes to the rescue and helps you manage the company’s expenses.
  • Hiring a real estate accountant can save a fortune every time you invest in a property.
  • We offer a fast and consistent customer experience in all channels – around the clock, every day of the week if required.
  • Together, we define and implement the service, the channels and the opening hours that correspond to your specific company’s needs.
  • Our talented staff delivers a personal, friendly and relevant customer service to your customers.
  • We are at your service anywhere and anytime, via physical meetings, telephone, e-mail, websites, social media, DM and chat.

Just fill in our contact form, with the services that you require and details regarding your project and we will contact you shortly to take the outsourcing relationship to the next level.

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