Property accounting services
Less time spent on property accounting. More focus on real estate investing.
Managing property accounting is complex and time-consuming for middle market real estate owners and managers, but it is also critical. Property accounting inefficiencies can lead to financial mismanagement, compliance risks and lost revenue, particularly for real estate firms managing diverse portfolios with multiple commercial properties. Many portfolio and asset managers rely on property managers without formal accounting expertise, resulting in inaccurate reporting and regulatory issues.
Siloed systems and disconnected data across the property, fund and corporate levels create visibility gaps, making strategic decision-making difficult. Add scalability challenges, employee turnover and resource constraints, and back-office inefficiencies can directly impact business growth and increase financial risk.
A growing demand for efficient, accurate and reliable property accounting services
Real estate firms are increasingly turning to outsourcing and process automation solutions for financial accuracy, compliance and operational efficiency—freeing finance leaders to focus on investment strategy and portfolio growth. Here are targeted strategies for overcoming property accounting woes:
Deep experience in real estate, property accounting and financial reporting
RSM is an innovator of end-to-end property accounting and reporting services for real estate firms in all sectors, including industrial, office, retail, multifamily and alternative properties. Leveraging technology and global resources, RSM delivers scalable solutions to property, portfolio and asset managers; finance leaders in real estate; and owners of multiple commercial properties.
With RSM’s tailored solutions, clients gain:
- Accurate and consistent financial reporting handled by experienced real estate accounting advisors
- Seamless data integration across property, fund and corporate entities, supported by best-in-class platforms such as Yardi and MRI Software, and Sage Intacct Real Estate
- Technology-enhanced workflows that leverage cloud-based, automated reporting for enhanced efficiency and insights
- Scalable solutions delivered with high-touch service and proactive support that grow with the business
RSM property accounting capabilities
RSM advisors view property accounting through a holistic lens, assessing the issues, recommending strategies, implementing solutions and providing ongoing back-office support. This comprehensive approach allows RSM to serve as a single point of access for our clients.
- Accounts payable
- Accounts receivable
- Cash application
- Fixed assets
- Journal entries
- Month-end close management
- Monthly balance sheet reconciliations
- Lease administration
- Expense recovery setup
- Common area maintenance reconciliations
- Financials by property
- Rent rolls
- Consolidating/consolidated financials
- Data visualization and analytics
- Key performance indicator reporting
- On-demand ad hoc reporting
- Draw package support
- Audit support
- Lender compliance package support
- Budgeting/forecasting
- Checklist review of property manager-produced financials
- Analytical review of property manager financials
- Liaison between client and property manager
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