8 Features That Make MRI X a Fierce Global Competitor

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. …

Ransomware Attacks: don’t be a hostage!

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 …

Positive cash flows, negative cash flows, and healthy cash flow statements

  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 …

3 Basic Real Estate Accounting Principles

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 …

5 Best Practices for Securing your Corporate Accounts from Cyber Criminals

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 …

Monitoring Personal and Business Finances in One Place

It is always preached to small business owners to keep personal and business accounts very separate. One is church and the other is state. However, for businesses that are quite small, invariable one seeps into the other. It then gets confusing for SMB owners or accountants to answer the question “how did we do last month” when there is money …

Is Better Health Guaranteed To Real Estate Firms Who Outsource Their Accounting?

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 …