Blog posts about Real Estate
Badly maintained accounting books is like playing a game where no one keeps score. So no one knows who is winning or losing, and absolutely no one has proof of the right score. We always talk about the way the real estate industry is inevitably hand in glove with their accounting. This is primarily because of the amount of money …
Budgeting season is tedious but necessary for your firm’s operation as well as to forecast your profitability for the next year. So real estate software, are constantly striving to better this process. For instance, Yardi’s FLO – Forecast Lease Options – streamlines the approach to forecasting leasing revenues. It uses a colour-coded grid to let you sort, filter and group …
MRI’s latest version of the real estate software, MRI X, is quite a hit with its new and evidently remarkable features, some of them making for good competition in the global marketplace. Here are the highlights. A quarter of MRI’s market is international, and this international audience is an important focus. MRI X allows for individual preferences to be set. …
Before we discuss solutions, what is ransomware? ran·som·ware (răn′səm-wâr′) n. Malware that disables the normal operation of a computer until money or other ransom is paid to the person or organization responsible for the malware. When it comes to real estate, a lot of cloud computing is involved for accounting. This easily makes this industry a valuable prey to those …
In financial accounting, a statement of cash flows is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities [source]. A cash flow statement shows the cash inflows, cash outflows and cash balance over an accounting period. It is always …
You think an invoice is just a little bill. Wrong! Invoicing is so important, especially for small businesses, that, done badly, it could end up being the reason why people pay you late. So it would be superfluous to say that invoicing affects your cash flow. Billing is more than just catching typos and ensuring the right bill goes to …
Basic accounting principles dictate that the financial statement report information be primarily useful by being understandable to financial statement users. Accountants need to follow certain principles when drawing up the financial statement – what to measure, when to measure and how to measure. This gives a standard guideline so that lenders, investors and other financial statement users can compare, analyse …
It’s been a long time since people started using online banking platforms. Credits to the rapid innovations that keeps happening in the world of technology, banking have been made extremely convenient and efficient. But the downside of it is, as the technology grows, cybercrime grows in parallel. According to Global Economic Crime Survey, Cybercrime is the second most reported economic …
The three alluring baits of outsourcing anything are: You benefit from a deep pool of skill, resources and expertise of the field You save a substantial amount of money from not having to pay overhead costs and operating a team It frees up your time to focus on your core business functions As has been repeated countless times, the accounting …
If you are interviewing an accountant or looking to engage an accounting firm’s assistance, you should know what you expect from them. That means you should be able to ask the right questions to get the right details to find the right accountant. Why is this such a big deal, you ask? A real estate company is tightly tied in …
