Introducing our Real Estate Accounting Services
At Exalenze, from Lease Management to Vendor Management, we provide tailored solutions for efficient financial operations. Our services ensure accuracy, streamline processes, and enhance decision-making.
Lease Management
Specializing in lease management, we oversee the entire lease life cycle, from abstraction to administration and accounting. Our services include precise lease accounting, ensuring compliance with accounting standards and accurate financial records. By centralizing data, we empower clients to make informed decisions about their portfolios, streamlining processes for a clear overview of real estate assets and maximizing returns.
Tenant Billing & Receipts
Our Tenant Billing & Receipts service guarantees accuracy and efficiency by generating monthly invoices based on lease agreements, accommodating mid-month changes seamlessly. We ensure prompt revenue collection with timely billing cycles and clear communication through automated email notifications. Transparently managing ad-hoc charges, security deposits, and utility billing, we maintain accurate records and promptly log tenant receipts, ensuring seamless billing and efficient management for our clients.
Bank Reconciliation
Our Bank Reconciliation service simplifies financial management by automatically matching bank transactions with property records, swiftly detecting and addressing any discrepancies, and making necessary adjustments to ensure accurate reconciliation. This streamlined process enhances efficiency and accuracy, providing clients with reliable financial oversight and peace of mind.
Vendor Management
Vendor management involves crucial processes to ensure efficient collaboration with suppliers and service providers. This includes onboarding approved vendors with standardized procedures and compliance checks, verifying vendor legitimacy and financial standing, managing purchase orders, and overseeing the end-to-end procure-to-pay processes. From electronic purchase order systems to streamlined invoicing and payment processes, we prioritize accuracy, compliance, and cost optimization. Our comprehensive approach fosters strong relationships, mitigates risks, and ensures efficient operations within your organization.
Month end and Closing Entries
Month-end and closing entries are essential for accurate financial reporting. We start by preparing prepayment and accrual tables to organize and track expenses. Then, we process these transactions into the accounting system, updating the general ledger accordingly. Lastly, we utilize reversal transactions to nullify the impact of previous entries if necessary, ensuring precise financial records.