Accounting Tools

SEPTEMBER 20, 2023

A lessor is the owner of leased property. The lessor allows a lessee to use the property in exchange for periodic rental payments. Terms Similar to Lessor A lessor is known as a landlord when real property is being leased. Related Courses Accounting for Leases What is a Lessor?

Accounting 40

Accounting Accounting 40

Accounting Tools

OCTOBER 12, 2023

A sublease involves the rental of real property by a tenant to a subtenant. This situation is most common for commercial properties, but can arise for residential properties as well. Related Articles Lease Accounting

Accounting 40

Accounting Accounting 40

Counto

APRIL 10, 2024

Startup Tax Exemptions: Unlocking Savings with Expert Strategies and Real Examples At Counto, we’re not just about numbers; we’re about making the complex world of taxes simpler for you. Note: SUTE is not applicable to companies engaged in investment holding, property development for sale, investment, or both.

Tax 98

Tax Corporation Tax Bookkeeping Accounting 98

Outsourced Bookeeping

MARCH 7, 2024

The real estate industry is dynamic and is driven by crucial factors such as infrastructure development, government initiatives, IT growth, etc. Amidst these ever-evolving dynamics, the key to achieving success and growth in the real estate industry is through managing real estate assets effectively.

Outsourced Bookkeeping 59

Outsourced Bookkeeping General Ledger Accounting Accounting 59

Outsourced Bookeeping

MARCH 7, 2024

The real estate industry is dynamic and is driven by crucial factors such as infrastructure development, government initiatives, IT growth, etc. Amidst these ever-evolving dynamics, the key to achieving success and growth in the real estate industry is through managing real estate assets effectively.

Outsourced Bookkeeping 52

Outsourced Bookkeeping General Ledger Accounting Accounting 52

Accounting Tools

OCTOBER 26, 2023

Related Courses The Interpretation of Financial Statements Real Estate Accounting Real Estate Tax Guide What are Funds from Operations? Funds from operations is the cash flows generated by the operations of a business, usually a real estate investment trust (REIT). Related Articles Pros and Cons of Real Estate Investing

Financial Statements 40

Financial Statements Tax Financial Analysis Accounting 40

Accounting Tools

MARCH 5, 2024

The calculation is as follows: Earnings before interest and taxes ÷ Interest expense = Interest coverage ratio Debt Service Coverage Ratio The debt service coverage ratio links the cash flows from a revenue -generating property to the interest and principal payments associated with that property.

Financial Statements 40

Financial Statements Tax 40

Accounting Tools

JULY 16, 2023

A mortgage bond is a debt offering that is secured by the issuing entity's real estate or equipment. If the issuer defaults on the bond , the property collateral is paid over to the bond holders. A variation on the concept is when a bond is backed by a pool of real estate mortgages.

Corporate Finance 40

Corporate Finance 40

Accounting Tools

OCTOBER 26, 2023

Property that is both acquired and disposed of in the same year is exempt from this requirement, as is residential rental property, nonresidential real property, and any property not being depreciated with MACRS depreciation rates. Related Articles Mid-Month Convention Mid-Year Convention

Auditing 40

Auditing Tax Accounting Accounting 40

Accounting Tools

SEPTEMBER 9, 2023

Property taxes. This is a periodic charge for the use of real estate owned by a landlord. For example, a 10-year property lease can be considered a fixed cost over a nine-year period, but is a variable cost if the decision period extends past 10 years. See the cost-volume-profit analysis for more information.

Cost Accounting 75

Cost Accounting Tax Accounting Accounting 75

Accounting Tools

JULY 17, 2023

A mortgage is a loan that is used to pay for a portion of the price of real estate. The underlying real estate is used as collateral on the loan. If the borrower does not make loan payments on a timely basis, the lender can seize and sell the property, using the proceeds to pay off the remaining loan balance.

Corporate Finance 40

Corporate Finance 40

AvidXchange

NOVEMBER 10, 2021

This article, written by AvidXchange’s own Brian Thayer, is an excerpt from our recent eBook “Expert Insights: The New State of Real Estate,” available for download here. Automation became so pervasive it emerged as arguably the single most important trend in the real estate industry during the health crisis.

AP 52

AP Accounts Payable Accounts Payable Financial Analysis 52

Accounting Tools

MAY 7, 2024

Leaseback deals are most common in the real estate market, such as when a company sells its corporate headquarters and then leases it back. If the property appreciates in value over time, the seller will no longer be able to participate in this appreciation. Related Article Lease Accounting No appreciation participation.

Corporate Finance 40

Corporate Finance Tax Accounting Accounting 40

Counto

FEBRUARY 24, 2024

Property Tax: Imposed on property owners based on rental values. Stamp Duty: Applicable to real estate transactions, shares, and legal documents. Tax Collection: Income Tax: Levied on both individuals and companies. Goods and Services Tax (GST): Applied to all goods and services, including imports.

Collections 52

Collections Tax Financial Reporting Accounting 52

Accounting Tools

JULY 28, 2023

Related Courses Accounting for Intangible Assets Fixed Asset Accounting Property Management Accounting Real Estate Investing The lessor of a property may grant an allowance to a lessee that is to be used to improve the leased property.

Accounting 40

Accounting Accounting Management Accounting 40

Accounting Tools

AUGUST 28, 2023

Some methods assume a valuation based on the assumption that a business will be sold off at bankruptcy prices, while other methods focus on the inherent value of intellectual property and the strength of a company’s brands, which can yield much higher valuations. There are many other valuation methods lying between these two extremes.

CPA 75

CPA Collections Accounting Accounting 75

Counto

MARCH 23, 2024

68201 REAL ESTATE AGENCIES AND VALUATION SERVICES 70201 MANAGEMENT CONSULTANCY SERVICES 70209 MANAGEMENT CONSULTANCY SERVICES N.E.C. 68209 REAL ESTATE ACTIVITIES ON A FEE OR COMMISSION BASIS N.E.C. 63209 ONLINE MARKETPLACES FOR SERVICES N.E.C. 73100 ADVERTISING ACTIVITIES 85409 TRAINING COURSES N.E.C.

Computation 52

Computation Corporate Finance Deposits Financial Services 52

AvidXchange

DECEMBER 20, 2021

This article, written by Matthew Cleary, VP of Accounting Operations for Douglas Elliman Property Management , is an excerpt from our recent eBook “Expert Insights: The New State of Real Estate,” available for download here. We learned so much along the way.

AP 52

AP Accounting Accounting Accounts Payable 52

Counto

JANUARY 2, 2024

PROVISION OF VOIP (VOICE OVER INTERNET PROTOCOL SERVICES) Holding companies 64201 BANK/FINANCIAL HOLDING COMPANIES (INCLUDING INSURANCE HOLDING COMPANY) 64202 OTHER HOLDING COMPANIES Consultancy 70201 MANAGEMENT CONSULTANCY SERVICES 74902 BROKERAGE AND CONSULTANCY SERVICES OF INTELLECTUAL PROPERTY ASSETS 70206 MANAGEMENT CONSULTANCY SERVICES N.E.C.

Computation 52

Computation Customer Service Corporate Finance Tax 52

AvidXchange

JULY 19, 2022

The following is a guest post from our friends at MRI Software, a real estate and investment management software provider to real estate owners, investors and operators. And in the end, key stakeholders can get a complete picture of a property or business and use it for reporting, business planning, and strategic decision making.

AP 52

AP Data Entry Invoicing Accounts Payable 52

AvidXchange

NOVEMBER 11, 2020

During the last six months of widespread business upheaval, the real estate industry has faced a number of challenges including stalled or reduced investments, declining revenues and resource constraints. Twenty-one percent work for businesses that have had employee layoffs or furloughs.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Accounting Tools

MAY 14, 2023

Related Courses Financial Analysis Investing Guidebook Real Estate Investing What is a Rate of Return? It can be applied to measure the return on any type of investment, including securities , property, antiques, or even cryptocurrencies. The rate of return is the percentage increase or decrease in the value of an investment.

Financial Analysis 40

Financial Analysis Accounting Accounting 40

Accounting Tools

JUNE 15, 2023

Hard assets can form the basis for the valuation of a business, but doing so excludes the value of intangible assets , such as intellectual property and branding, which can be quite valuable. Hard assets can be more narrowly defined as tangible assets that have intrinsic value, such as commodities, land, and commercial real estate.

Accounting 40

Accounting Accounting 40

Accounting Tools

JUNE 6, 2023

Related Courses Property Management Accounting Real Estate Accounting Real Estate Investing How to Account for Deferred Rent Deferred rent accounting occurs when a tenant is given free rent in one or more periods, usually at the beginning of a lease agreement. Related Articles Accounting for Unearned Rent

Accounting 40

Accounting Accounting Management Accounting 40

AvidXchange

FEBRUARY 9, 2022

The pandemic fundamentally shook accounts payable (AP) departments in real estate — forcing remote work and, in turn, accelerating the adoption of AP automation. AP departments at real estate firms are stretched thin Like most industries, real estate is facing a labor shortage.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Accounting Tools

AUGUST 29, 2023

This premium can be substantial when a target company owns crucial intellectual property , real estate, or other assets that an acquirer wishes to own. Related Articles Acquisition Valuation Methods Business Valuation Methods Contingent Consideration

CPA 40

CPA 40

Blake Oliver

OCTOBER 5, 2023

How Trump Falsified Financial Statements A judge ruled that Donald Trump defrauded banks and insurers while building his real estate empire. This high-profile case underscores the real legal risks of misleading financial reporting. As a result of this financial statement fraud, Trump could lose control over specific properties.

Accounting 52

Accounting Accounting Financial Statements Auditing 52

Nanonets

MARCH 4, 2024

This integration facilitates real-time financial analysis and helps maintain accurate financial records. Real-Time Reporting:  Reports are generated with the click of a button – it's like having your own personal assistant, minus the coffee runs. Read more in our article below. Deploy your own Chatbot.

Data Entry 52

Data Entry Expense Reports Invoicing General Ledger 52

Accounting Tools

SEPTEMBER 2, 2023

Distributions to Trust Shareholders When a real estate investment trust or a mutual fund experiences capital gains, it can distribute these gains to investors, who then claim long-term capital gains taxes on these gains. Their basis is derived from the amount of cash and other property they have contributed to the partnership.

Corporation Tax 40

Corporation Tax Tax 40

AvidXchange

MARCH 22, 2024

Currently, he’s an account executive for the real estate vertical at AvidXchange, helping AP teams streamline processes with automation. Chris Perry, Account Executive, Real Estate, AvidXchange In accounting and finance departments, it often feels like every day is part of a “busy season.” That’s a much slower process.

Accounting 52

Accounting Accounting AP Budgeting 52

Nanonets

APRIL 24, 2023

In the rest of the article, we will see how OCR can be used by the customer and other non-bank enterprises, especially to extract data from bank statements. Real estate: The purchase of land and property often requires bank statements of the potential buyer for sales approval.

Deposits 52

Deposits Data Entry Invoicing Computation 52

Future Firm

AUGUST 2, 2023

In this article, you’re going to get a ton of inspiration plus a whole bunch of tips for picking amazing accounting firm names. Let’s get right into it. Table of Contents How to Choose a CPA Firm Name?

Accounting 52

Accounting Accounting Auditing Tax 52

Nanonets

JANUARY 17, 2024

Real-Time Reporting: Reports are generated with the click of a button – it's like having your own personal assistant, minus the coffee runs. Managers get to focus on real issues instead of playing Whack-a-Mole with every report. Tapi automates property maintenance invoices using Nanonets.

Expense Reports 52

Expense Reports Budgeting Account Reconciliation Accounts Payable 52

Nanonets

MARCH 4, 2024

Moreover, this efficiency can lead to more accurate forecasting and budgeting, as financial leaders have a clearer view of the company's expenditures in real-time. To address these issues, TechWave Solutions integrated a new feature in their expense management software that provided real-time alerts and analytics.

Expense Reports 52

Expense Reports Record Keeping Budgeting Data Entry 52

Accounting Tools

SEPTEMBER 3, 2023

Related Courses Auditing Construction Contractors Construction Accounting Real Estate Accounting How to Account for Construction Construction accounting is a form of project accounting in which costs are assigned to specific contracts. For example, it would be used for a speculative project where there is no buyer of a property.

Accounting 75

Accounting Accounting Billing Collections 75

Nanonets

MARCH 30, 2023

Research and Development (R&D) : IDP can be used to extract data from scientific papers, research articles and technical documents. Real estate : IDP can be used to extract data from real estate documents such as property titles, purchase agreements, and lease agreements.

Data Entry 52

Data Entry Invoice Processing Invoicing Purchase Order 52

IMA's Count Me

NOVEMBER 5, 2023

Dan: Yes, we've all read the articles about the lawyer who tried to use it for briefs and got in huge trouble, and the hallucinations are still rampant. What are the real drivers of your business? As opposed to having a real heavy fixed cost on your G&A budget, G&A financials. Adam: Exactly.

Accounting 63

Accounting Accounting Payroll Budgeting 63