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Solutions Suite
Real Estate Accounting Solutions
Five Key Elements of Financial Management
1. Bring the Numbers to Life - Monthly Reporting Package
- Financial Statements
- Comparison with Budgets
- Comparison with Prior Periods
- Trend Analysis
- Explanation of What’s Behind the Numbers
- Recommendations for actions and improvements
2. Build the Metrics for Success
- Weekly / Monthly Statistics and Graphs
- Cost Analysis of Major Items and Special Opportunities
- Productivity Information and Effective Wage Rates
- Performance against Compensation Plans
- Make vs. Buy or Lease vs. Purchase Analysis
- Profitability of Jobs, Customers or Products
3. Manage the Cash
- Collect Receivables
- Prioritize Disbursements
- Project Cash Requirements
- Formulate Debt Structure
- Support Banking Relationships with Credible Information
- Look for Ways to Enhance Cash-flow like Progress Payments
4. Project & Protect
- Establish Benchmarks & Budgets
- Oversee Granting of Credit
- Review and Approval Procedures over Disbursements
- Cost Accounting & Job Cost Systems
- Ensure Tax & Regulatory Compliance
- Implement Internal Controls
- Seek Competitive Bids
- Facilitate Preparation of a Financial Plan
- Evaluate Pricing Strategies
- “Mind the Store”
5. Supply the Financial Perspective
- Assist in Setting the Company’s Strategic Direction
- Supervise the Accounting Function, Serving as Coach and Mentor to the Staff
- Proactively Address the Financial Impact of Problems and Opportunities
- Be an Objective Sounding Board
- Bring all of the Above Facts & Knowledge Together to Improve Management Decisions
- Responsibility for External Banking Relationships