Your Time is Valuable
And Wish you to spend it
The Way You Want

Bookkeeping for Real Estate and Property Management Companies

Velan bookkeeping services caters to a variety of clients in the real estate industry, including residential and industrial property developers, commercial developer, agents and brokers. Our services are designed to improve your productivity, increase profitability and reduce operating costs.

Our bookkeepers have worked with diverse range of clients in the real estate sector as well as aware of the current market dynamics. We proactively work along with you to minimize your risk and provide a wide range of services exclusive to your industry,

Our Service Offerings exclusive to Real Estate and Property Management includes,

General Accounting

  • Journal entry processing
  • Balance sheet & bank reconciliations
  • Fiscal period & year-end general ledger closing
  • Consolidations/eliminations
  • Budgeting

Accounts Payable

  • Billing - Tenant & others
  • Invoicing - Customer
  • Credit & collections
  • Tenant inquiries
  • Period & year-end closing
  • Reporting

Challenges faced by Real Estate and Property Management segment

  • Insufficient time to manage day to day activity
  • Affordability of a full time bookkeeper or short staffed
  • Overload in-house accounting function
  • In-ability to focus on core competence
  • Delay in tax filing

Benefits

  • Focus on priorities and strategies essential to grow business
  • Up-to date books, financial reports – improve business decision
  • Minimum overhead costs
  • Managing cash flow