1. FINANCIAL REPORTINGPrepare and analyze financial statements, balance sheets, and income statements for real estate properties and portfolios.
2. ACCOUNTS PAYABLE AND RECEIVABLE
Manage and process invoices, payments, and receipts for real estate transactions, including rent collections and property expenses.
3. PROPERTY MANAGEMENT ACCOUNTING
Track and record all property-related financial transactions, including maintenance costs, leasing income, and property taxes.
4. TAX COMPLIANCE
Ensure compliance with local, state, and federal tax regulations, including property taxes and sales taxes related to real estate transactions.
5. BUDGETING AND FORECASTING
Assist in the creation of budgets for property operations, forecasting future revenues and expenditures.
6. CASH FLOW MANAGEMENT
Monitor cash flow for real estate investments, ensuring adequate liquidity for operational needs and property improvements.
7. REAL ESTATE TRANSACTIONS
Provide accounting support for buying, selling, and leasing properties, including tracking capital gains, acquisition costs, and depreciation.
8. AUDIT SUPPORT
Assist in internal and external audits, providing documentation and ensuring accuracy of financial records.
9. FINANCIAL ANALYSIS
Conduct financial analysis to assess the performance of properties, identify areas for cost-saving, and maximize profitability.
10. LEASE ACCOUNTING
Record and manage lease agreements, ensuring proper accounting treatment of rental income and lease liabilities.