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Accounting for the Real Estate Industry

Contact Us New Jersey: 973-328-0446 New York: 888-512-1260

Your Skilled Manhattan Real Estate Accountants for NY and NJ

businessman using calculatorWe understand how hard you've worked to pursue a successful career in the real estate industry. Whether you're a real estate agent, broker, or a board member of a housing cooperative, our friendly CPAs are prepared to assist you with your accounting and bookkeeping. Our team consists of former Big Four accountants that want to give you a more personalized, meaningful experience.

When you choose to partner with us, you benefit from our responsiveness, expertise, and dedication to your financial well-being. We're proud to assist real estate experts in Manhattan, greater New York City, and New Jersey. Get in touch with our welcoming experts at McAvoy CPA LLC today to schedule your free initial consultation!

Call Us: 973-328-0446 Book a Consultation

Why Outsource Your Real Estate Accounting Needs?

close up of digital tabletIt can be challenging to navigate the intricacies of the financial industry while also running a business, handling daily assignments, or participating on your housing cooperative's board. Our real estate accounting experts are familiar with your industry and know how to assist you efficiently. We want your accounting process to be as beneficial and streamlined as possible.

Your accounting experience begins with a meeting, so our team can assess your needs and develop a strategy for your financial success. We efficiently break down complex situations, maintain effective communication, and help you make data-driven decisions. Our mission is to preserve your financial health for many years to come.

Accounting Services for Real Estate Agents

We're expertly equipped to assist individual real estate agents and independent contractors. Whether you're searching for a more efficient way to manage your business transactions or need assistance with taxes, we can help. Our real estate accounting services include:

Performance Measurement: Our firm takes advantage of state-of-the-art technology to track and maintain your business. With our assistance, you'll be able to cut high overhead costs, revise your operating methods, and manage income effectively. We can provide critical insights into the amounts of money entering and exiting your business, as well as highlighting opportunities for financial growth.

Tax Planning & Preparation: Our tax accountants stay up-to-date on constantly changing IRS tax codes to decipher how they might impact your business. We keep track of important deadlines and help devise tailored strategies that lower your liabilities and maximize your deductibles. When it comes time to file your taxes, you can count on our team to prepare your return with meticulous care.

Efficient Accounting Assistance for Brokerage Firms

Handling your brokerage firm's finances and real estate assignments simultaneously can be a daunting task. Allow our real estate accountants in Manhattan and NJ to assist you with:

  • Financial Statements: Our accountants can prepare several financial statements to break down your company's financial standing. We can create a balance sheet to reveal your liabilities, assets, and shareholder equity over a specific time range. Income statements focus on your business's expenses and revenue through a select period. Your cash flow statement analyzes your company's ability to fund operations, pay off debts, and finance new investments.
  • Bookkeeping: Our team can handle minute financial details for you, freeing up your time to focus on your priorities. We're constantly looking for ways to streamline your operations and reduce overhead costs without compromising the quality of your services. We can also assist you by monitoring account balances and providing other cash management strategies. At the end of the month, we provide financial statements, evaluate fiscal targets, and review and adjust ledger entries for accuracy.
  • Compilations & Reviews: When you receive a compilation, our team neatly arranges your financial data into a concise, easy-to-follow report. Your compilation gives insights into your performance from a management perspective. A review offers a higher level of scrutiny than a compilation. We'll analyze your figures to ensure that the numbers make sense. Our team applies our knowledge of the real estate industry and uses accounting tools to carry out the review.

Supporting Housing Groups & Cooperatives

businessman holding small wooden house modelWe're happy to assist housing groups and cooperatives with their accounting and bookkeeping needs. Keeping your accounts organized and staying aware of your financial status is essential. By effectively managing your organization's assets, you enhance confidence in prospective tenants. We'll thoroughly organize your books so that your management, board, and potential tenants can easily see where you stand.

Many housing groups and cooperatives are obligated to undergo annual audits to ensure that the sourcing and usage of their funds are legitimate. Our accountants can prepare everything needed for your audit or carry out the audit, but not both. If our firm performs an audit for your business, we may not be able to assist you with certain other accounting services due to the potential conflict of interest.

Reliable Manhattan Real Estate Accounting for NY and NJ

Whether you need a hand with your company's taxes or are looking for an unbiased audit, our team is ready to assist you. You can count on our CPAs to provide the prompt, efficient accounting experience you deserve. Give McAvoy CPA LLC a call today to schedule your consultation with our team!

Call Us: 973-328-0446 Book a Consultation