Why Real Estate and Rental Businesses should outsource accounting?
Get services from experts We are experts in Bookkeeping and accounting. We have professionals in our team who give professional expertise. Every business owner has some issues with their Bookkeeping and accounting process so our experts can solve your issue and provide you with better advice.
Saves you Time and Money Every business spends so much time and cost on their Bookkeeping and accounting operation. We help our clients to save time and money by providing satisfactory and cost efficient services as per their accounting needs.
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Fasten Business Growth Bookkeeping and accounting is very complex and lengthy process, and it diverts focus from business goals. Biztally helps with bookkeeping and accounting process so our clients can focus on their core operations and business growth.
Minimize Error and risk Bookkeeping and accounting is a very complex process and it needs expertise to maintain accuracy. Its complexity can generate errors, which increases risks on your businesses. Biztally has a team of experts and professionals who work with you to minimize errors, risks and maintain accuracy.
An Automated and Organized Accounting System Most of the businesses doesn't have an organized system for their bookkeeping and accounting system. Biztally provides you an automated and organized Accounting system which helps to maintain your finances in order.
Enhanced service Quality As Biztally has a team of Accounting professionals and Experts who work with you as a team, so no doubt you can get Enhanced service quality.
Statutory Tax compliance As a professional, it is our duty to provide all Accounting related services so we provide and help you with your statutory tax compliance.
Benefits of Virtual accounting for Real Estate and Rental Businesses
Timely cloud accounting The real estate business has a large number of transactions and it is not easy to manage all those transactions manually on time. So virtual accounting helps real estate businesses to manage their transactions on time.
Simplify documentations In real estate, business documentation is a very complicated and lengthy process. It includes heavy paperwork. So virtual accounting helps to simplify documentation and saves heavy paperwork.
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Better Property management Virtual accounting provides better property management services using latest cloud based accounting software. By virtual accounting, you can have various reports to improve your marketing strategy and expand your business.
Better Entity management Entity management is a very difficult process. But virtual accounting helps real estate business to manage entities like vendors, Owners, and tenant and their personal data.
Cost-Effective Cost-saving is very important for every real estate business. Virtual accounting helps to save money for your business like operational cost, Payroll cost, marketing cost, maintenance cost, etc.
Easy work orders management It is very difficult to generate and manage work orders on time. Virtual accounting helps Real estate businesses to manage their work orders easily and in a given time. Virtual accounting reduces extra time and overhead for property maintenance.
Resolve Payroll issue Virtual accounting helps real estate businesses to resolve Payroll processing issues by collecting all payroll related data. and sending time to time reminders for it. so you can easily manage your payroll process.
Peace of mind Virtual accounting saves time and managing efforts for real estate business. It helps to keep peace of mind, so you can achieve your business goals easily.
Services we provide for Real Estate and Rental Businesses
- Owned and Rental Property management
- Tenant, Owner And Vendor management
- Tenant Leasing/rental Agreement management
- Receivable And Payable management
- Bill and Invoice management
- Maintenance Work order management
- Timely Alerts and Reporting
- Tax Compliance management. (VAT, GST, SALES TAX, ETC)
- Data Migration management
- Perform Full Cycle Accounting in AppFolio.
- Financial Statement Generation as per requirement.
- Monthly/Quarterly/Annually Profit & Loss and Balance Sheet Reports.
What are the major responsibilities of Real Estate and Rental Businesses?
Project Management Real estate and rental businesses should manage their projects effectively to save extra overhead costs on projects.
Vacancy Management Real estate and rental businesses should manage vacancies properly so that their sales can increase.
Contract Management Real estate and rental businesses should manage contracts and agreements and keep data of every document.
Entity Management (Tenants, Owners, and Vendors) Real estate and rental businesses should manage business entities like tenants, owners, and vendors. So that they can keep data on entities and manage data properly.
Maintenance Work Order Management Real estate and rental businesses should manage maintenance orders so that they can solve the maintenance issue on time.
Payment Management Real estate and rental businesses should do proper payment management so that the sales amount and rent collection become easy.
Business and Marketing Plan Real estate and rental businesses should work on the business and marketing plan for the growth of the business.
PR and Advertising Real estate and rental businesses should focus on their public relations and advertising for the growth of the business.
Bookkeeping and Accounting Real estate and rental businesses should do bookkeeping and accounting to control extra overhead, to know business revenue, and the position of the business.
Tax Compliance Management Real estate and rental businesses have to manage their tax compliance for paying taxes on time and get proper deductions on income.
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