Accounting Services for Property Management and Construction Companies

Welcome to Accounting Services for Property Management and Construction Companies

Our endeavor is to back you up by keeping the books updated, up-to-date and provide financials in timely manner consistently.

We have a process driven approach and believe developing controls to ensure routine operations are running smooth. Our dedication is towards continuous evolvement for our client’s requirements delivering qualitative and quantifiable output.

By hiring us, companies can free up themselves from the routine back office operational aspect of bookkeeping and accounting activities. We also try to go an extra mile ahead by producing insightful reports to identify the decisions and appropriate direction for the path forward.

Mission

We are always on our toes to help our clients and their company, our employees and our company to have mutual beneficial relationship for growth, success, happiness and peace.

Values

Dedicated, Committed, Ethical, Honesty and Transparent

Construction Accounting

Construction industry is considered as fast-paced, ever-changing and complex in nature. At times, it becomes quite challenging to manage aspects and fluctuations like material costs, weather, tight market, appropriate people and scrutiny of financial reporting.

Our team of experienced accountants understands these aspects because we understand the industry well. We can help you with end to end bookkeeping, accounting, financial reporting and analytics with key performance indicators etc. to improve your financial health.

Property Management Accounting

One who understands the real estate market and not just accounting can be considered as a good accounting partner for any successful property management business your search might end at Bookkeeping and Financials. Right from recording and classification of transactions to various reports about your financial stanad, we are here with extensive experience.

Our highly experienced team of property management accounting experts have years of experience in all facets of end to end bookkeeping, accounting, budgeting, cash flow projection, etc. Our interest is to help you make smart decisions because you will be able to access timely financials and reports. You can look forward to regular financial reports along with key performance indicators (KPIs) which contribute towards timely decisions for cost savings and growth of your business.

Accounts Payable

Accounts Payable Management including 1099s compliances
Approval Mgmt.
Accounts Payable invoice payments
Employee expense reports processing
Vendor balance reconciliation

Accounts Receivable

Recording of Tenant invoices, chargebacks, CAM charges etc.
Processing of tenant statements
Collection and recording of rents & CAM charges
Maintenance of reserve escrow accounts
CAM reconciliation and reporting
Credit card collection reconciliation

General Accounting

COA creation
General Ledger review & clean-up
Manual General Journal entries
Bank balance reconciliation
Credit card balance reconciliation
Inventory management
Management fees calculation & posting
Recording and Reconciling Payroll Transactions
Fixed Assets Management

Closing, Financial Planning & Reporting

Month-end / Quarter-end / Year-end adjustments entries like, Prepayments, Accruals, Deferred, Revenue, Depreciation etc.
Rent Roll Report
Compliance with US GAAPs
Cash Flow management and projection report
Overhead allocation
Franchise Fees working
Financial Review and Analytics
Monthly KPIs
Consolidation of financial

Pricing

We offer variety of engagement models for you to choose and fit your requirements.

Fixed Fee

Here, we would like to assess your current state of books and approx. volume / number of transactions on monthly basis. We discuss, understand your expectations, which kind of services you are looking for and the purpose behind them. Based on our experience, we recommend the services which may be helpful and beneficial.

We then come up with a fixed fee per month so that both the companies know the cost v/s benefits.

An Accounts Manager / Client Relationship Manager is assigned to keep you posted with the progress and answer any questions you may have.

Dedicated Team Model

In this model, we understand your expectations and requirements. Thereafter, we assign a dedicated staff member along with a non-billable Manager. Your hired staff member works remotely from our office in India.

You can hire 20 hours per week or 40 hours per week based on your requirements.

Data Security

The potential of sidelining all the benefits of outsourcing is higher if the privacy and security of the shared data is compromised. This is one of the biggest concerns of companies based in US outsourcing to India. Bookkeeping And Reporting comprehends the significance of this aspect and therefore, we heavily invest in IT, Security, Infrastructure, People and Training. Ample measures are in place to ensure that all of our clients’ minds are at ease and peace.

We ensure to take below mentioned measures and security controls:

Our IT Infrastructure and Security

Biometric system - Only allows authorized employees to enter using their thumb impression
Cisco Firewall - Ensures that no external threats attacks our server or the network
Cellphones prohibited inside the production floor
3 internet lease lines - To ensure 100% uptime
Dual monitors - Increases efficiency and allows us to work in completely paperless environment
External drives - Disabled in all computers
Emails - Pre-configured in outlook
Restriction - Employees can access their system inside our delivery center only
No Printers - Paperless Environment

People

Rigorous recruitment methodology in place
Initial Screening before Interview to identify the suitable employee for the position in scope
First written test - Technical test of 24 questions
Second round of interview
Final round of interview
Shortlisted profile - Third party background verification company
Signing of Non-disclosure agreements (NDA)

Process Driven Approach and Proven Methodology

SOPs and Working Papers
Already working for 100+ clients
All our clients are experiencing not only our quality services but seamless operations running smooth in delivering as per the deadlines mutually agreed with transparent reporting mechanism
Transparent Reporting Mechanism
Non-Billable Manager assigned to all clients

Staff Positions

Junior Bookkeeper

Accounts Payable including recording of Vendor invoices, Debit memos, check payments, etc.
Credit card charges, payments, credits and reconciliation of credit card balances
Bank deposits, payments, transfers and reconciliation of bank balances
Accounts Receivable including of Customer invoices, Credit Memos, refunds and Payments
Classify the expenses and income accurately
Hands on experience working with MS-Excel

Senior Bookkeeper

Above capabilities of Junior Bookkeeper plus
Loan entries and reconciliation of loan balances
Prepare P & L and Balance sheet statements, etc.
Recording Payroll entries
Hands on experience working with MS-Excel

Senior Accountant

Above capabilities of Senior Bookkeeper plus
Recording Payroll entries and reconciliation with quarterly and annual payroll returns
Finalization of accounts
Review of General Ledger transactions and classify them accurately, if required
Prepare Work papers and Financials statements, etc.

Junior AP/AR Clerk

Accounts Payable activities - PO processing, A/P invoice entry, Approval Mgmt., A/P invoice pmt.,T&E processing, Employee expense, Report processing, Credit card processing & recon, vendor statement recon.
Accounts Receivable activities - SO processing, Invoicing, Customer Payments, AR analysis & collections, Receivable Mgmt., Cash receipts entry, Customer balance recon, Dunning Letters.
Hands on experience working with MS-Excel

Senior AP/AR Clerk

Accounts Payable activities - PO processing, A/P invoice entry, Approval Mgmt., A/P invoice pmt.,T&E processing, Employee expense, Report processing, Credit card processing & recon, vendor statement recon.
Accounts Receivable activities - SO processing, Invoicing, Customer Payments, AR analysis & collections, Receivable Mgmt., Cash receipts entry, Customer balance recon, Dunning Letters.
Hands on experience working with MS-Excel
Average written and verbal communication

Senior Virtual Assistant

Attending Calls
Appointment Scheduling
Calendar Management
Research, Drafting of Documents, other admin related activities

Junior Virtual Assistant

Attending Calls
Appointment Scheduling
Calendar Management
Research, Drafting of Documents, other admin related activities

Benefits

Bookkeeping and Financials solutions are designed keeping clients’ needs into consideration mainly about timeliness and consistency. As we have a strong belief in mutual beneficial growth, companies are gaining several benefits by hiring as their back office partner.

Below are listed a few:

Cost reduction of 40% to 50%
Savings in additional costs of recruitment, training and related admin expenses
Access to experienced and operational expertise from the day you hire us
Flexibility in scalability of operations on a short notice
Increased focus on core competencies

Technological competent
Qualitative and quantifiable deliverables
Increased productivity and quick turnaround time
Transparent reporting mechanism to track efficiency