What Is Real Estate Accounting?
Real estate accounting is the financial side of property management.
It’s common for property managers to handle large amounts of money, navigate governmental rules, and process numerous transactions; it’s critical that it’s all managed correctly.
The real estate accounting experts at Sherman Oaks Accounting & Bookkeeping powered by One Source Services, Inc. can improve real estate business operations, teach business owners to understand and manage their real estate bookkeeping and empower them to track progress and growth.
Imagine knowing without a doubt the properties that have been performing well and the ones that have been less profitable.
Think about how much better your business could run if you knew what cash on hand was available at any given time.
Visualize having year-over-year or month-over-month growth comparisons.
Picture what tax time could be like if your real estate bookkeeping was audit-ready all the time; you could literally hand everything to your CPA with little-to-no last minute preparation.
Sherman Oaks Accounting & Bookkeeping powered by One Source Services, Inc. has made this, and more, a reality for many happy real estate clients.
Financial professionals like One Source Services, Inc. see to it that accounting practices are shaped by real estate management guidelines.
We can help properly classify workers as employees or independent contractors to avoid costly audits and penalties.
We even manage commission payments.
There are many often-changing regulations in real estate. It’s not a bad idea to consult an accountant even if only periodically to make sure books are compliant.
One Source Services, Inc. dba Sherman Oaks Accounting & Bookkeeping has real estate accounting experts who can make sure your business is following the rules, help you choose and set up the most appropriate business structure, avoid unnecessary expenses, and analyze meaningful data to keep up the momentum of your growing business.
We empower real estate business people to spend more time developing and managing properties while we attend to the finances.