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With numerous core responsibilities to consider, real estate companies are often left with minimal or no time to handle their accounts receivables. This process is essential to ensure that all the payments are received on time, which is extremely important for the company to meet its financial goals, particularly in terms of the cash flow. However, carrying this in-house can be time consuming and prone to errors.
Therefore, outsourcing real estate accounts receivables services to a reliable partner can help real estate companies focus on business critical tasks. Flatworld Solutions is a real estate accounts receivable company, which has been providing quality services to clients around the globe. We have the expertise to successfully assist real firms in managing their cash flow. Our efficient services will leave organizations with the time to optimize their business functions.
Services We Offer
Being in the industry for over a decade now, we have the required experience to handle different types of real estate accounts receivables requests from global clients. We follow a streamlined accounts receivable process to deliver quality services within a quick turnaround time, without any compromise on the quality. Some of the key services we offer include -
Tenant Accounts Receivable Management
We have the required expertise, skills, and resources to provide quality tenant accounts receivable management services, which include -
Rent collection processing
Setting up leases or leasing software
Applying late payments for delinquencies
Managing move-is, move-outs, and renewals
Tracking utility consumption
Analyzing tenant ledger reports
Generating reports on move-ins, move-outs, late fees, etc.
Generating rent statements
Accounts Receivable Management
Our team of financial experts at Flatworld Solutions provides our all clients with the best-quality accounts receivable management services including -
Tracking security deposits
Processing monthly rents and printing invoices
Managing move-ins, move-outs and renewals of contracts
Following-up by call or email
Billing properties for management charges and other fees
Managing deposit sheets and input cash receipts
Month-end Accounting Tasks
When it comes to real estate companies, numerous accounts receivable tasks need a regular planning and introspection. We have the required bandwidth and skilled resources to provide our clients with the required services at the right time. Some of the month-end accounting tasks include -
Reconciliation of cash to general ledger
Reconciliation of internal transactions
Calculating management fees
Preparing cash projections for the next month
Reviewing coding to ledger accounts
Booking all the month-end accruals
Our team provides highly accurate financial reporting services. As documentation is one of the key steps when it comes to financial matters in any business, we offer reliable reporting services to ensure that all the transactions are documented. Some of the key services we provide include -
Preparing monthly property reports
Maintaining financial schedules as the per the requirements
Comparing monthly budgets to the operating results
Creating monthly operating reports
Apart from the regular accounts receivable services, our team is also equipped to handle a series of other tasks including -
Preparing regular tenant reconciliations
Preparing reconciliations for trust accounts
Assisting while preparing annual operating budget
Assisting while preparing real estate tax returns
Preparing reconciliations for insurance escalations and real estate taxes
Booking journal entries for disposition of properties
We understand the importance of providing highly accurate accounting services to our clients, as financial data is one of the key aspects of a business entity. We believe in providing our clients with the best-quality results within a short duration, without affecting the client's schedules. This is possible with the use of some of the latest accounts receivable tools and technologies we leverage, which include -
Why Choose Flatworld for Real Estate Accounts Receivable Services?
Having served global clients from different backgrounds, cultures, and requirements, we are equipped to handle any kind of financial service requests. Some of the reasons for you to choose us include -
We make use of some of the latest financial and accounting software to make sure we deliver accurate results within a quick time
We have a multi-level quality checking process in place, which ensures that all the services we provide are highly accurate and completely error-free
Quick Turnaround Time
We understand the value of time and make sure that we provide accurate and reliable services within the stipulated time, thereby adhere to the clients' deadlines
We have a state-of-the-art infrastructure which empowers us to deliver professional services with assured quality
Hire Us for Real Estate Accounts Receivable Services to Us
Flatworld Solutions is a leading real estate accounts receivable services company and has been providing quality financial and accounting services to clients around the globe. We totally understand the importance of all your critical financial data and have stringent data security policies in place to safeguard your confidential real estate data. Aimed to provide our clients with world-class services, we leverage latest tools and technologies, and our advanced infrastructure enables us in providing highly efficient services at cost-effective rates.
If you are looking for a reliable, accurate, and cost-effective accounts receivable service provider, then you have come to the right place. Get in touch with our executives today!