Services Section

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Optimize finances, manage property accounts, and gain accurate reporting with FISCFILER’s specialized real estate accounting solutions.

At FISCFILER, we specialize in delivering tailored accounting solutions for the real estate industry. Our outsourced services are designed to help real estate businesses optimize their finances, streamline property account management, and ensure accurate, timely financial reporting. Whether you're managing residential, commercial, or mixed-use properties, our expert team handles everything from bookkeeping and rent roll tracking to expense allocation and compliance reporting. With FISCFILER, real estate professionals gain clear financial visibility, improved cash flow management, and the confidence to make strategic, data-driven decisions—backed by precision and industry expertise.

Key Accounting Errors Commonly Found
in Real Estate Businesses

Even partial outsourcing of property management accounting to FISCFILER allows you to leverage
the expertise of a dedicated team, rather than relying on the availability and consistency of a
single in-house accountant. With FISCFILER, your real estate business stays financially organized
and focused on growth-driven areas such as sales, marketing, and client service — without
compromising accuracy in financial operations.

Through our experience, we’ve identified several common accounting pitfalls
real estate businesses face:

Incorrect classification of operational and capital costs
Mixing personal and business financial transactions
Failure to record and track cash expenses
Poor cash flow management and forecasting

Our Real Estate Accounting and Bookkeeping Outsourcing Services

Set Up Chart of Accounts
Preparing and sending periodical Invoices to tenants
Recording receipts from tenants/buyers/prospective buyers
Verifying and recording bills from vendors
Payment to vendors
Processing employees’ pay and update payroll file
Recording depreciation and other adjusting entries
Project wise expense segregation and allocation
Recording the revenue and expense as per stage of completion of contract
Month-end or year-end closing entries

Posting supplier invoices and processing of payment
Apportionment labour cost to different project if it is not identifiable
Apportionment of electricity on the basis of meter reading and other direct expenses to specific project
In case property is insured, managing track of policy expiry date and posting of prepaid entry for insurance expense
Approval of payment and processing of payment
Review and reconciliation of vendor balances
Property wise revenue reconciliation
Processing of 1099s
Submission of Accounts Payable Aging report

Identifying different leases account and creating in the accounting software
Recording rent receipt on monthly basis
Generating rent statements
Review and reconciliation of rent collection according to property wise
Delayed fee for late payment
Utility consumption analysis
Review and reconciliation of security deposit from tenant
Submission of Accounts Receivable Aging report

Preparation of property control reports on a monthly basis
Maintaining amortization and depreciation schedule
Receipt of budget on monthly basis and comparison between actual expenses and monthly budgets and reporting on variances
Preparing of Profit and loss by Months, previous year comparison, Profit and loss by Properties, Balance sheet by month, previous year comparison, Balance Sheet by properties, Trial balance,
Report of Cash flow statement and General ledger.

Setting up Payroll
Payday calculations with the processing of payroll
Payroll tax calculation and form filling
941, 1099, 940, and quarterly state tax returns

What we Offer

Property Management

Comprehensive accounting solutions for property management, ensuring accurate rent tracking, expense management, and financial reporting.

Real Estate Development

Specialized accounting support for real estate developers, covering project costing, budget tracking, and financial analysis from start to finish.

Real Estate Appraisal

Accurate and streamlined accounting solutions for real estate appraisal firms, focusing on income tracking, expense management, and compliance reporting.

Construction Companies

Tailored accounting solutions for construction companies, focusing on job costing, project budgeting, cash flow management, and financial reporting.

Homebuilders

Dedicated accounting solutions for homebuilders, covering project cost tracking, budget management, and detailed financial reporting for every phase of construction.

Landowners & Developers

Comprehensive accounting services for landowners and developers, including land acquisition costing, development budgeting, and profit analysis for smarter investment decisions.

Real Estate Business