Services
Financial Accounting Services
Overview
Provide all financial, bookkeeping and accounting services for the Company using QuickBooks Accountant 2021.
- Establish, maintain and supervise the deposit of any money of the Company
- Collect, receive rents, profits and income for the Company
- Pay all accounts payable and indebtedness of the company
- Pay all taxes, licenses or assessments imposed upon or against the Company
- Distribute Company funds for Company purposes to those entitled to receive same
- Distribute funds to the owners, in accordance with the provisions of the Company
- Invest and reinvest Company funds in short term investments
- Prepare/Maintain proper books and records of the Company’s business operations
- Prepare all financial statements and reports
- Provide financial statements and reports, on a regular basis to Owners
Tax Return Management Services
Overview
Review the interim financial statements of the Company and make any adjustments necessary into order to prepare a package of the information required for your accountant to prepare the Company’s tax return.
Review and file all tax returns, financial statements and related filings of the Company as required.
Management Accounting Services
Overview
Prepare reports to assist the Owners with the information necessary to properly estimate the future profitability of the Company including:
- Job Costing
- Budgeting and Planning
- Capital Budgeting
- Cash Flow Analysis
- Financial Modeling and Forecasting
- Lease Abstracts and Summarizations
Review existing reports and test/confirm information and assumptions.
Asset Feasibility and Structuring Services
Overview
Assist the owner in the initial evaluation of the potential opportunity to purchase new assets by providing/reviewing information about past performance, current market conditions and future projections.
- Create investment evaluation / investor equity raise / debt financing financial projections and due diligence package for the purchase of new assets
- Review purchase/sale agreement and negotiate key terms.
- Apply for, negotiate and settle acquisition loans with various financial institutions for the Company
- Coordinate asset purchase with buyer’s professional team of accountants, lawyers, brokers and consultants.
- Coordinate settlement process. Review/approve settlement sheet. Attend settlement.
- Record transaction in owner’s accounting system.
- Coordinate cost segregation study with outside consultant.
Asset Management Services (during ownership of asset)
Overview
- Act as the owner’s representative managing/overseeing/reviewing the overall day-to-day operations of the property, including the physical maintenance of the asset and Company’s property management company
- Review, structure and negotiate leases with new tenants and lease renewals/expansions/restructurings/modifications with existing tenants
- Analyze actual expenses to invoice tenants for escalation billings including percentage rent, common area maintenance, gross rents, CPI, management fees, real estate taxes and insurance.
- Create budgets of proposed escalation billings for tenants
- Apply for, negotiate, purchase and maintain liability, property, employee and other insurance necessary to protect the Company’s property, assets and operations
- Review/appeal proposed increases in real estate assessed values to receive reductions in proposed assessed value and proposed increases in real estate tax expenses to Company
- Create / submit loan draw requisitions to the various financial institutions for the Company
- Review Company’s debt covenants / requirements for compliance.
- Create loan package, apply for, negotiate and settle financing/ refinancing/ restructuring loans with various financial institutions for the Company
- Create investor pro forma financial package to support additional raise of equity/investor loan to Company,
- Monitor the financial performance of the investment and make recommendations for changes to the Owner
Asset Disposition Services
Overview
- Assist the owner in the evaluation of the optimum time to sell the asset
- Create financial projections and due diligence package for the sale of asset.
- Review sale/purchase agreement and negotiate key items.
- Coordinate asset sale with buyer’s professional team of accountants, lawyers, brokers and consultants.
- Coordinate settlement process. Review/approve settlement sheet. Attend settlement.
- Record transaction in owner’s accounting system.