Outsource Bookkeeping For Real Estate Agents, Builders Architect, Interior Designer

Accounting and Bookkeeping Problems Faced by Businesses in the Real Estate Industry

US real estate industry contributes a fair share in the economy. While there is scope for business growth in the industry but bookkeeping & accounting for builders & construction industry is complex. Here are some challenges of the construction industry with respect to accounting and bookkeeping faced by businesses in the real estate industry -

Project Accounting

In the builders & construction industries, each individual project can last for long periods and a business generally deals with multiple projects at a time resulting in voluminous data. All this give rise to use of project accounting over and above general accounting.

Payroll Compliance

With different kinds of human resource, you have to deal with different payment duration, different forms to fill out and a lot more. It is a must for a business to make sure all the mandatory payroll process is followed to comply with Federal and State laws.

Property Management Software

Property Management Software helps businesses to track income and expenses while working through agents. And this software data has to be integrated into the main accounting and bookkeeping software.

How Whiz Consulting Help You Tackle Challenges of the Construction Industry?

Accounting and bookkeeping services for real estate businesses is not a simple one, and we at Whiz Consulting understand this thoroughly. With a decade of experience working with real estate agents, organizations & companies we can proudly say that we are well acquainted with every aspect of accounting and bookkeeping in the real estate industry and can perform the same for your business meticulously.

At Whiz Consulting, we are familiar with not just cloud-based bookkeeping software but also property management software Buildium, Yardi and AppFoli, While we are at it, we make it our responsibility to make sure your business is compliant to all law and legislation along with payroll processing regulations. You can fully focus on your core activity while our experts tackle your accounting, bookkeeping, payroll and taxation functions.

Real Estate Bookkeeping and Accounting Services We offer at Whiz Consulting

Bookkeeping Service

We provide the following bookkeeping services –

  • Bank & CC Reconciliation
  • Accounts Receivable & Payable Management
  • Payroll Calculation & Tax Payments
  • Inventory Management & Reconciliation
  • Monthly Financial Statements
  • Financial Ratios Reporting
  • Cash/Revenue/Expenses Forecasting
  • KPI Reporting
  • Strategic Advice on Managing Revenues, Expenses & Cash Flows
Read More

Accounts Payable

We make sure you never breach payment terms with your clients by preparing a daily, biweekly or weekly report for accounts payable and sending the same to you on time. Our outsourced accounting service covers scanning of invoices to make sure payment terms and other processes that adhere to your company policy. It will be our responsibility to make sure that things are exactly as they should be and make sure to inform you when they are not.

Read More

Accounts Receivable

If you are not sure how much you ought to receive from your debtors, you cannot expect your business to sustain, let alone talk about growing. It is important to make sure you receive what the others owe you that too in a timely manner to keep that cash flow moving. It is our duty to ensure you receive money from your debtors on time. We ensure this by reminding you of the overdue payments or by contacting the clients directly on your behalf.

Read More

Financial Reporting

With years of experience working with US clients, we know exactly what all is needed by the regulatory bodies or your in house CPA’s and we can produce the same for you like - Periodic Reports, Income Statement Analysis, Cash Flow Statement, Profit & Loss, Balance Sheet, Debtor Report, Bank Reconciliation Report, Financial Analysis Report, Ratio Analysis or any Ad-hoc Report that you might need like project-wise profitability etc. We can even get in touch with your CPA and make sure everything is there as and when he wants.

Read More

Payrolls

We look after payrolls for our clients including - pay calculation, reimbursement, deduction, payslip generation, amount to be withheld for federal and states income tax, social security and Medicare contribution amount, payment of tax and tax return preparation. We will be happy to look after all or a part of them for you. Our online accounting service will help you by keeping a vigilant eye on the complete payroll activity for your business.

Read More

Business Set-Up Assistance & Advisory

We help you out in structuring your business that is suggesting which business structure will suit you best among Sole Proprietorship, Partnership, Corporation (C Corp, S Corp, B Corp & Non-profit) and Limited Liability Company (LLC).

Read More

TAX Filing

With the experienced Accountant and CPA in our team who has been serving US Clients form long period we can prepare and lodge your tax returns and also planning your tax liability in the most efficient way

Read More

Why Hire Whiz Consulting for your Accounting and Bookkeeping needs?

As a business in the Real Estate Industry, your core function is to deal with property management and construction and not accounting, bookkeeping or taxation. Whiz Consulting understand the same and also understand that accounting is also a vital function that cannot be neglected. So, we provide Accounting and Bookkeeping for Real Estate Industry in the US that helps the business in grow their business while having the confidence that their business functions are well taken care of. Here are a few other important reasons why you should hire us -

Compliance

Our team is updated with all the required law and legislations to make sure that our clients do not face any compliance issue related to payroll, taxation, and other federal & state laws.

Decade long Experience

Having dealt with the real estate industry for over a decade, we understand industry-specific requirements very well, allowing our team to streamline your bookkeeping and accounting systems.

Cost-saving

You can save up to 50% cost compared to hiring an in-house professional accountant or local accountant, while you will get access to a long list of accounting and bookkeeping services.

Satisfaction Guaranteed

Having dealt with Real Estate, Building and Construction businesses based in the US for some time now, we have a good number of satisfied clients that we have been working with on an ongoing basis.

Limitless Consultation

We provide unlimited phone and e-mail consultations with experienced professionals, and we can modify a plan for you based on your exclusive business needs.

Customise service and report

We provide customized services and reports to match your business needs, be it specific report or particular timeline, you choose what you need, and we deliver the same to you.

Get 30 Mins Free Personalized Consultancy