Real estate accounting and reporting 2024
Real-time financial reporting and analytics to track cash flow, profitability, and project performance. Commercial projects, such as office buildings, retail spaces, and industrial facilities, involve higher complexity and larger budgets. Job costing is critical here to allocate costs to specific areas or phases of the project. Real estate accounting requires expertise, precision, and a deep […]
Read MoreConstruction Bookkeeping 101: Everything You Need to Know
This involves implementing real-time data syncing, using advanced reporting features, and integrating with property management software. Every property transaction, whether an income or expenditure, must be accurately recorded. Proper documentation of these transactions is the cornerstone of successful real estate accounting. Job Costing and Profitability Analysis Managing operational expenses efficiently is key to maintaining steady […]
Read MoreUnderstanding payment reconciliations: step-by-step guide & best practices
This includes accounting unearned revenue software, paper records like physical invoices, and bank records. Payment reconciliation is a method of bookkeeping that compares financial records that are logged internally with bank statements, to make sure the accounting is accurate. All the recorded payments received or made need to match with invoices and bank statements. Daily […]
Read MoreWhat is Payment Reconciliation: How It Works; Types & Advantages
When payment discrepancies exist, you should clearly document any adjustments with specific explanations. This is especially the case for busy team members who have a lot on their plates and are trying to complete the process as quickly as possible. If what is payment reconciliation there is a discrepancy, revisiting the corresponding purchase order or […]
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