OHI has access to skilled and experienced property accountants/real estate accountants at very economical rates. We have a high expertise in Sage, NetSuite, Landlord Vision, Microsoft Dynamics GP, Xero and QuickBooks. Our service offering includes day to day accounting and management reporting, VAT, payment services and fund accounting. Our property accounting services are used by 150+ commercial, residential and property management companies in USA, UK and Canada

+1 (646) 367-8976

sales@ohiaccounting.com

The Real Estate Accounting Specialist

Learn More About Our Services

Cost Savings

30-50% cost savings compared to in-house hired staff

Skilled Employees

Staff with 6+ years of real estate experience

Fast Monthly Close*

Monthly financials latest by 10th of every month

Domain Expertise

150+ real estate clients in USA, UK and Canada

General Accounting

• Matching POs to invoices
• Accounts payable processing (bills processing)
• Recording and processing payments
• Reconciling all agents ledger on a monthly basis, reconciling general ledger
• Processing receipts to tenant ledgers
• Maintain creditors and debtors report
• Set-up new clients & properties on property management system and general ledger
• Ad hoc accounting - Assist the team with any additional ad-hoc accounting or administrative tasks as may be necessary from time to time for the department to achieve their objectives

Property Accounting

• Processing of payables (based on workload)
• Processing of rent sweeps and posting relevant journals
• Recording rent receipts paid through credit card/checks/cash
• Preparation of bank reconciliations on a fortnightly basis, liaising with the rest of the finance team to ensure that outstanding items are cleared on a timely basis
• Credit cards transactions posting after checking for proper supporting
• Processing petty cash requests from sites as per company policy
• Month end accounting

Fund Accounting

• Maintenance of monthly management accounts
• Posting and reconciliation of cash
• Preparation of periodic financial statements, cash flows and associated notes
• Preparation of NAV statements and investor reporting packs
• Assisting with preparation of annual statutory accounts in line with appropriate accounting standard
• Preparation of balance sheet reconciliations
• Production of property fund data
• Preparation of VAT returns and other tax compliance reporting
• Corporate and fund forecasts
• Fee calculations including waterfall calculations
• Support Finance Controller/CFO in cash management responsibilities including monitoring liquidity across portfolio, coordinating inter-account transfers and managing investor draw-downs
• Support to fund and Asset Managers with any valuation and accounting queries
• Responding to queries and information requests from managing agents, auditors, lawyers and trustees

• Preparation of monthly management accounts
• Year-end audit support
• Producing ad hoc financial reports and analysis as needed

- Calculation of monthly management fees

- Provisioning for bad debts

- Running monthly pre-payment reclassifications

- Month-end provisioning for bills, expenses and utility accruals

- Preparing selected balance sheet reconciliations

- Inter-company reconciliations

- Monthly income reconciliation to check billing accuracy

- Other monthly activities such as payroll accounting

Our Services

Software Expertise

We have high expertise across multiple real estate, property management and accounting software used in UK.

Custom packages of 25, 50 and 80 hours per month are available

JUNIOR ACCOUNTANT

£1300

* 160 hours dedicated monthly staffing

PROPERTY ACCOUNTANT

£1900

* 160 hours dedicated monthly staffing

FUND ACCOUNTANT

£2500

* 160 hours dedicated monthly staffing

Pricing

The indicative standard charges for Junior Accountant, Property Accountant and Fund Accountant roles are listed below.

Note

• The above charges are indicative charges for standard services to be performed by the particular role on a full-time basis (160 hours per month). A final quote will depend on the work-volume, activities required and the working hours. Part-time and flat fee quotes are also available

Client Profiles

A large and well respected developer in London, UK. They deliver exceptional homes and places that are known for world-class design, lasting quality and genuine customer care.

A midsized CA firm in London, UK. The firm specializes in providing accounting and taxation services to real estate firms.

A midsized real estate property management firm based out of California, USA. The firm manages over 50 properties, across 9 states, encompassing over 1200 tenants and nearly 1.5 million square feet.

A vertically integrated, full service real estate company based out of Washington, USA. They specialize in commercial properties. The firm has developed and built in excess of 81 properties and have more than 10,000 units under management.

A well-known construction and development company in British Columbia, Canada specializing in construction and development of high rise concretes. It is a mid-sized firm and one of British Columbia’s most experienced and respected developers.

A mid-size Real Estate Developer with operations in Canada and USA, They builds amenity-rich residential and mixed-use communities. Having delivered over 20,000 homes with another 9,000 planned, being designed or under construction.

The below covered list is indicative only. More samples and reference can be provided upon request.

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