article thumbnail

7 Signs It’s Time to Rethink Your Real Estate Accounting Strategy

Withum

Managing a real estate portfolio can be both rewarding and complex, with numerous financial and operational tasks demanding your attention. 7 Signs Outsourcing Your Accounting Is the Right Move If any of these challenges sound familiar, it might be time to consider outsourcing your accounting functions.

article thumbnail

An Expert’s Guide to the Year-End Close Process

Withum

Income statement accounts (specifically repairs and maintenance) should be reviewed for any capital assets that were incorrectly expensed. Accounts Payable Aging Review Year-end is a good time to review your accounts payable aging with a special focus on bills over 90 days past due.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tech News: Prager Metis teams with Kearns Technology

Accounting Today

Ledgre announces 'Ledgy' tax assistant for rental property owners andia-faith/andiafaith - stock.adobe.com Ledgre , an AI-driven accounting platform built for landlords and real estate investors, announced the rollout of Ledgy, a new AI tax assistant that supports the tax and bookkeeping experience for rental property owners.

article thumbnail

Best Real Estate Accounting Tips for Agents and Brokers

xendoo

As the owner of a new real estate business, you’re probably aware of the unique characteristics of your industry. You take a personal interest in the real estate market, and you are excited to do great work for your clients, whether buying or selling pieces of property. . Real estate investment management.

article thumbnail

Case Study: Real Estate Company Enhances Back Office With Outsourced Accounting

Withum

Residential and commercial real estate management company engages outsourced accounting services to fill needs after the retirement of a former outsourced accounting firm. A NYC-based residential and commercial real estate management company transformed its back-office through outsourced accounting services.

article thumbnail

Nexus Pulls AP Tech Into Real Estate

PYMNTS

Nexus Systems is partnering with a real estate technology company to help the industry adapt to more sophisticated accounts payable and procurement processes. 17) said Nexus is teaming up with MRI Software to develop an AP and procure-to-pay solution fit for the real estate sector. Reports Thursday (Nov.

article thumbnail

Nexus, Entrata Link Commercial Real Estate Offerings

PYMNTS

Commercial real estate accounts payable platform seller Nexus and property management software producer Entrata have integrated their services, the companies announced Tuesday (Oct. This is a huge advantage for our joint customers,” Tom Coolidge, chief executive of Nexus, said in a prepared statement.