Real Estate firms in the United States are facing incredible pressures to keep costs low while providing excellent services. Our firm helps solve these problems by providing companies with solid solutions for non-core competencies. Real Estate Firms and Investors make money by finding new customers and/or deals. Financial reporting is a necessary function, but it is not what creates revenues for your business. Input all Expenses for Owners (Accounts Payable Management Separate Charges) Bank Account Reconcilliation PAYABLES MANAGEMENT: Owner's Draw Payables NOTE: It is critical for vendors and owner's to understand about the process, as it would be a change from the current manual processes that many companies employ.
Real Estate firms, Property Management Firms, Real Estate Investment Companines, Self-Managed Association, and Real Estate investors must rely heavily on excellent financial reporting to keep track of their business. However, most people in the business are not trained in financial reporting or in producing statements, therefore it can be difficult for them to have peace of mind that the financials presented are accuratly representing reality.
Our solution allows you to access our team as an extension of your team. Instead of a part time person with little or no experience or having to do these things yourself, you get an entire department for a fraction of the cost. We function as an experienced member of your team specializing in our area of expertise so that you can focus on your existing clients, finding new clients, and on increasing your revenue!
BENEFITS TO REAL ESTATE FIRM:
Many real estate firms often ask how we can save them time and money. The reasons that our firm can provide these real estate solutions are simple:
1) Our Technology Infrastructure: Many businesses are not setup to leverage technology like we can. We have built a paperless office environment and our financial reporting procedures are tailored around maximizing efficency. This includes Digitial Signature Approval of Invoices, ACH Payment Platforms, Check Printing Platforms, Web Based Bookkeeping Software, Web Portals for owners and tenants, and Electronic Data Storage.
2) Strong Technical Infrastructure: Additionally, many companies have little or no expertise in financial reporting, processes, or controls. As mentioned before, this will require them to either hire an expensive employee headcount or to handle this themselves. In addition to increasing your headcount, other costs will increase for overhead expenses such as office space, computers, software licenses, payroll taxes, and benefits.
With our firm, you get a degreed team with extensive experience in financial reporting and in the real estate industry.
3) Our efforts increase your time to focus on your company's growth strategy: Most small to medium size practices cannot afford degreed or licensed professionals to handle their reporting and financial processes due to cost, especially while their portfolio is growing. Instead many firms will try to hire clerks or less technically experienced staff to handle the work, but this will also require that owners or other senior management supervise the staff to insure that the reporting and other cycles are being done correctly.
We increase your time and efficency so that you can focus on your company's growth.
4) Our service reduces the risk of errors and loss: It only takes one dishonest or incompetant employee to ruin a company. The majority of fraud cases in the United States occur in small to mid-size companies. By utilizing our solutions, companies will create a basic controls environment (segregation of duties). For example, the person who is authorizing expenses is not the person who records expenses and income.
SERVICES THAT WE OFFER:
FINANCIAL REPORTING AND BASIC BOOKKEEPING
Input all Rents
For many associations and companies, it is critical to pay vendors in a timely manner. However, it is a very inefficient and time consuming process. With our system, we can help automate this process creating greater efficiencies and cost savings.
Our process includes:
Vendor Payables
RENTAL/RECEIVABLE MANAGEMENT:
LionRealEstateBackOffice.com
Phone:
Fax: 1-866-466-0319