Ongoing Bookkeeping Specialist for a Real Estate Company

I was hired as an Ongoing Bookkeeping Specialist for a real estate company that needed consistent and accurate financial management to handle its complex portfolio of properties and transactions.

The real estate company had a history of inconsistent bookkeeping, leading to challenges in tracking property expenses, rental income, and financial reporting. This lack of organization made it difficult for management to have a clear understanding of their financial standing and impeded their ability to make informed business decisions.

I began by setting up a detailed and organized bookkeeping system tailored to the real estate industry. I recorded all financial transactions daily, including property purchases, rental income, maintenance expenses, and other related costs. I ensured that each transaction was accurately categorized and properly documented. I also managed accounts payable and receivable, reconciled bank statements monthly, and kept the general ledger up to date. To facilitate better financial oversight, I created regular financial reports and dashboards, providing management with insights into their cash flow, profitability, and financial health of individual properties.

The company’s financial records became highly organized and up-to-date, significantly improving their ability to track income and expenses for each property. Accurate bookkeeping allowed for timely and precise financial reporting, which enhanced the company's strategic planning and operational efficiency. The management team gained a clear view of their financial status, enabling them to make informed decisions about property investments and business growth. Overall, the improved financial management supported the company’s stability and growth in the competitive real estate market.