CAM: from opacity to transparency

CAM tends to be a headache for anyone involved in the process or the payment settlements. The structures associated with it are knotty, and leave landlords, tenants and accountants quite encumbered in their devious wake. To extricate yourself from such tangles (or anticipated ones), and to prevent under/over recovery, there are a few things you can watch out for. Lease …

Heed These Common QuickBooks User Speedbumps

QuickBooks is a boon to small and medium business accounting. It helps owners and managers maintain book-keeping and to track all their accounts sans a zillion spreadsheets, tables, charts and books. It quite cleverly helps one manage their sales, inventories, invoices, payroll, balance sheets, tax, yada yada… However, as is the case with any software, it is possible for users …

Property Accounting Software for Centralized Accounting Processes

With many real estate companies a lot of the accounting functions that can be automated are not. Some processes are partly computerised, while others, not at all. It helps to understand what can be done online using property accounting software (like Yardi, MRI and RealPage), and how it benefits your company, to say nothing of saving time, money and effort. …

What Software Should You Choose For Your Real Estate Accounting?

Accounting forms a core nexus of the real estate industries. And to service its requirements there are plenty of software designed specially to cater to specific accounting tasks in this field. While some companies may just be setting up, or are already using certain software, sometimes – depending on the size, growth and functions carried out – it may be …

Watch Out For These Habitual Real Estate Accounting Errors!

Accounting is a desideratum for real estate companies. Which conversely means that, when handled carelessly, it comes right back to bite you. Very hard. Funnily enough, it’s with the more quotidian tasks or basic measures that businesses trip over and land themselves in big trouble. Here are 6 typical mistakes real estate folks make, along with some pointers to avoid …

Watch Out! Book-keeping errors SMBs fall into

If your books and accounts are sloppy, unmethodical and careless, you can’t expect to derive any insightful financial understanding of your company’s overall performance. Slipshod books don’t just beget naught; they usually lead to: misinformation ill-founded decisions vulnerability and jeopardy of the company Here are some practical ways to avoid typical inflammatory errors: Don’t Be Chaotic: Paper trails don’t belong …

When is the right time to outsource your Real Estate Bookkeeping?

The reasons for outsourcing real estate accounting are plenty, the salient ones being: Harnessing the expertise of specialists in that field Efficacy Better risk management Scalability Improved customer experience Improved company performance Freeing up internal resources No hassles in maintaining a non-core department Lower regulatory costs and time saving Substantial monetary savings But when is the right time to outsource? …