Real Estate Bookkeeping & Accounting Services

Real estate businesses have a lot more to manage than rent and property expenses. You may be handling multiple properties, tenant payments, commissions, vendor bills, loans, maintenance costs, deposits, project expenses, and separate business accounts at the same time. When those transactions are not recorded and reconciled properly, it becomes difficult to know which property is profitable, what is still outstanding, and where your cash is going.

Services offered by GPMJ Global include professional accounting/bookkeeping services for real estate professionals such as landlords, investors, developers, brokers, agents, and property management firms. We offer you reliable real estate bookkeeping services that will help you stay organized and up to date with the information you require.

Whatever your business is - whether located in internationally handling properties, we can provide you with practical accounting services without having to spend time and money building your own finance department.

Outsourcing Bookkeeping Services for Real Estate Businesses

Accurate accounting for real estate business is more than just posting entries in the accounting system. Income and expenditure related to the property have to be properly classified, reconciliation has to be done, outstanding amounts need to be chased up, and the accounting reports must give a proper picture of the property or entity.

GPMJ Global helps you in your daily accounting as well as provides support to maintain a proper month-end process. This solution can be used by residential and commercial property owners, real estate agencies, investors, developers, and property management firms.

Our Bookkeeping Services Will Include:

01 Financial Statements

Maintenance and preparation of P&L statements, balance sheets, and cash flow data to give you insight into the financial condition of your company and property.

02 Accounts Receivable

Supervision of rent, management fees, commission, and other accounts receivable. Systematic records will help you to spot any outstanding payments and have healthy cash flows.

03 Accounts Payable

Recording and organizing of invoices from vendors, property maintenance, utility bills, professional fees, insurance payments, repair costs, and other operating expenses. The proper categorization helps you to get the real costs of operation of each property.

04 Ledger Maintenance at Property Level

Maintenance of separate and properly categorized records for each property, project, entity or business activity. This will provide you with better understanding of the property level income and expenses.

05 Reconciliation

Regular reconciliation of bank accounts, credit cards, loans, and other financial accounts. It will help you to find missing transactions, duplicates, discrepancies and postings errors before affecting your financial reports.

06 Tax & Regulatory Compliance Assistance

Maintenance of well-organized accounting records to make tax preparations and regulatory compliance easier for you, tax professionals, and other advisors.

07 Fixed Assets and Property Records

Maintenance of appropriate records of property assets, improvements, equipment, and other fixed assets to assist in the preparation of financial reports and depreciation.

08 Real Estate Financial Reporting

Converting accounting information into financial information. The real estate financial reporting will help you to analyze your revenue, operating expenses, receivables, payables, cash flows and performance of each property.

Why GPMJ Global for Real Estate Accounting?

Real estate financial management becomes much easier when your accounting records are maintained consistently and your reports reflect what is actually happening in the business.

GPMJ Global understands that a real estate broker does not have the same accounting requirements as a property manager or developer. The way our services are provided can revolve around your business structure, volume of transactions, properties, reporting needs, and accounting process.

Bookkeeping for real estate brokers can help you organize your commissions, expenses from transaction process, operation expenses, receivables, and business income.

Bookkeeping for real estate agents can help you keep sales related income, expenses of the business, bank transactions, and finances organized during the whole year.

Our property management bookkeeping services can help Property Owners and Property Managers keep rental income, expenses from property, vendor payments, receivable balance from tenants, and property transactions organized.

We also have bookkeeping services for real estate agents who need reliable accounting services but cannot afford hiring bigger accounting department.

The purpose is clear: to provide you with useful financial records.

With accurate real estate financial reporting, you can compare performance of properties, keep track of expenses, estimate cash flows, check on balances, and identify any abnormal transactions. Better records also give your tax and finance professionals cleaner information to work with.

Our Bookkeeping And Writeup Process

Your Need

Tell us about your real estate business, properties, accounting software, transaction volume, and the areas where you need support.

Enquiry

Contact GPMJ Global by phone or email.Your current accounting system, reporting requirements, accounting issues, and business plan will be reviewed.

Affirm

Get an accurate statement of work based on your requirements. We can tailor the services to be related to regular bookkeeping, reconciliation, reporting, property accounting, or general accounting support.

Relax

Once the process is in place, we do the accounting services agreed by you and keep your records tidy. Thus, you will have more time to manage the properties, close deals, engage with customers, and develop your business.

Bookkeeping and Accounting Services by GPMJ Global

In GPMJ Global, we consider that the purpose of accounting should be to provide clarity for the business owner.

The specialists at GPMJ Global deliver real estate bookkeeping, reconciliation, financial reporting, and accounting support for the real estate business in India and overseas markets. We concentrate on the correctness of the records, timely performance, efficient communication, and relevant accounting information.

Regardless of the size of your property portfolio, having a proper accounting system will help you to know profitability, control the costs, manage the cash flow, and plan further expansion of the business.

Book your consultation with GPMJ Global today and discuss your real estate bookkeeping and accounting needs.

Frequently Asked Questions

What is included in the real estate bookkeeping service?
Property income, expenditure, invoices, payments, reconciliation, and other transactions.

Why is real estate accounting important?
It helps to keep records of income received from the property, expense management, cash flow management, and decision-making.

Do you offer any bookkeeping services to real estate brokers?
Yes, we offer bookkeeping for real estate brokers, commission, expense, accounts receivable, reconciliation, and accounting services to real estate brokers.

Do you offer any bookkeeping services to real estate agents?
Yes, we offer bookkeeping services for real estate agents for income, expense, commission management, banking, and bookkeeping reports.

What is property management bookkeeping?
Property management bookkeeping involves the bookkeeping of income received through rents, accounts receivable of tenants, property expenses, vendor payments, and various other property accounting services.

Do you have the capability to offer bookkeeping services for multiple properties?
Yes, we can arrange bookkeeping documentation for all properties or property projects.

Do you offer financial reporting services to real estate companies?
Yes, we prepare real estate financial reporting for income, expenses, cash flow, account receivables, and property performance.

Can you help real estate business operating internationally?
Yes, GPMJ Global offers bookkeeping and accounting services for companies operating in India and internationally.

Can small real estate companies use outsourcing bookkeeping?
Of course, by outsourcing bookkeeping, small businesses are able to access professional help without the cost of hiring additional personnel in their firm.