REAL ESTATE ACCOUNTING

When it comes to the real estate industry, selecting a customer-centric accounting service provider that can help real estate agents and companies achieve their business objectives. At eMinds CA, we provide you with world-class real estate accounting services to reduce your operating costs, strengthen cash flow and increase your profitability across market variations. Our team understands the specific financial problems that deal with the real estate business and are prepared to help you in its trouble-free accounting solution and tax preparation.

We have more than 6 years of experience in providing REIT, property management firms, real estate companies, investor groups, brokers as well as agents, accounting, bookkeeping, and tax preparation services in eMinds CA. We have gained a remarkable reputation for assessing accounting for real estate agents and companies, for our information, accuracy, reliability. Our responsive, innovative and optimized financial solutions can help our customers meet compliance and reporting benchmarks, make better and ideal financial decisions to expand their businesses and stay ahead of the curve.

OUR ACCOUNTING SERVICES FOR REAL ESTATE

REAL ESTATE BOOKKEEPING

Setting up Chart of Accounts
Recording expense receipts from tenants
Recording invoices from suppliers
Paying suppliers
Processing payroll and providing the paychecks
Recording depreciation and other adjusting entries
Entering bank details
Segregation and allocation of project-related costs
Construction in progress reports
Month-end or year-end closing (reconciliations & preparing cash projections)
Recording the transactions by Properties/class or Jobs
Inter-company transaction processing

REAL ESTATE ACCOUNTS PAYABLE

Entering and processing invoices using accounting software to track expenses at multiple levels
Managing overhead-related bills, such as utility bills (Recording meter readings, allocating expenses across multiple properties & making utility bills payment online)
Managing expenses related to insurance (Keeping track of the due-date and amount to be paid for insurance premium)
Handling disbursements (Entering checks for printing after getting approval & generating related disbursement reports)
A comprehensive review of various payable batches (Property wise, account wise & vendor wise)
Processing of 1099s
Preparing Accounts Payable Aging Summary and Details report

REAL ESTATE ACCOUNTS RECEIVABLE

Setting up leases in accounting software
Processing the rent of tenants on a monthly basis
Generating rent statements
Processing and analyzing of rent collection on a monthly basis
Late fee application in case of delayed payments
Updating move-in, move-out or termination record of tenant
Keeping track of utility consumption and estimating billbacks
Analyzing tenant ledger reports to determine any discrepancy
Keeping track of security deposit of tenants
Preparing Accounts Receivable Aging Summary and Details report

MANAGEMENT REPORTING

Preparation of cash-based or accrual-based property control reports on a monthly basis
Maintaining financial schedules, such as amortization and depreciation
Comparison between actual expenses and monthly budgets for preparing variance reports
Preparing financial reports like Profit and loss by Months, previous year comparison, Profit and loss by Properties, Balance sheet by month, previous year comparison, Balance Sheet by properties, Trial balance, Cash flow statement and General ledger.

PAYROLL PROCESSING

Payroll setup
Payday calculations and direct deposits
Payroll taxes calculation and form filling
941, 1099, 940 and quarterly state tax returns

TAX PREPARATION SERVICES

Tax minimization strategies
Strategic tax planning
Personal tax preparation
Business tax preparation
Tax deferral transactions

BOOK KEEPER

$10 per hour

$900 per month
  • Under this engagement model, we charge on the basis of the hours spent on the project.
  • We charge 40-50 percent per transaction for a payment of USD 250 per month.
ACCOUNTANT

$12 per hour

$1400 per month
  • Under this engagement model, we charge on the basis of the hours spent on the project.
  • We charge 40-50 percent per transaction for a payment of USD 250 per month.
SENIOR ACCOUNTANT

$15 per hour

$1800 per month
  • Under this engagement model, we charge on the basis of the hours spent on the project.
  • We charge 40-50 percent per transaction for a payment of USD 250 per month.

FTE BASED

This is a pricing model under which we deploy a number of dedicated full-time human power because the customer will be in their home country according to the needs of their project. In fact, the engine offers the opportunity to be a “virtual employee” on the offshore location of low cost without any employee liability. Dedicated Full Time Employee with Dynamic infrastructure is dedicated to the client model, which not only helps in reducing cost but ensures high project monitoring so that time and quality delivery can be ensured. Under the CCD model, a fixed price is charged per customer per employee per month, depending on the number of people posted on it. Depending on the skill, experience and expertise set out in the fee, the difference is 1000 USD per month to 3000 USD per month.

Ready Reckoner App

In this complex world of financial accounting, you need a simple APP to calculate the future value of money.

Tax Advisory Service

Our expertise in this area is legendary as we have established our presence in this segment as a reliable firm.

Business & Financial Services

We have dedicated professionals in our pay roles who offer financial, advisory as well as consulting advice.

WHY eMinds CA FOR REAL ESTATE BOOKKEEPING AND ACCOUNTING?

Best Talent Pool
After several years of industry-specific experience, use the capabilities of our skilled in-house resources.

Customized Solutions
We provide customized accounting for real estate agents in eMinds CA, which are according to your particular business needs.

Up-to-date Technology
Take advantage of state-of-the-art technology and infrastructure without the need for additional investment, which will save cost.

Real Estate Accounting Software
Our team can work on many accounting software. We can work on the software that you are comfortable using in your company.

High Accuracy Rate

Accounting can be beneficial for real estate companies or agents when it comes to achieving 99.95% accuracy.

Economical Costs

Our team believes in offering first-class accounting and bookkeeping services, that too within your budget.

Turnaround Time

When you outsource real estate bookkeeping services, we offer you complete work within strict deadline.

Security and Protection
We ensure the full security of your financial data, because our services take advantage of secure FTP server and encrypted e-mail for data transfer.

Creative Financial Management

Cash Flow
Liquidity
Assets Under Management
Investments

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Financial Reporting

Combining transparency with accurate reporting, your numbers are compiled for final reporting.

Cost Accounting

We help our clients to improve their overall profitability in a way that can be termed as advisory.

Investment Strategy

We believe our expertise is for sharing and we go about doing it in right earnest!

Tax Planning

The future value of money is taken into account and planning is done accordingly.

Frequently Asked Questions

Using this section, get all the clarifications for your questions and doubts about outsourcing, finance, and investments. We love to clarify your doubts and get you back to your business real quick with more confidence.

Why should I outsource my support functions?
What are the main benefits of offshore outsourcing?
What Accounting functions can be outsourced?

Tax Planning

Methods

Manage your taxes wisely!