Sothertons Real Estate Accounting
Sothertons, as part of independent chartered accounting firms, offers niche accounting services to businesses throughout the property and real estate sector. For over 30 years our accountants have worked with real estate agents, civil engineers, architects, developers, builders, and allied industries gaining expertise in every area of property management and accounting.
Sothertons has a trusted working partnership with every client; the firm is able to act as a separate entity or working partner due to our separate industry accounting practices. Sothertons real estate and property management accountants will work in conjunction with you to ensure your business excels.
What is real estate accounting?
Real estate accounting differs from traditional methods, which is why our domain accountants will distinguish between sales and rentals and ensure information is readable to attain profit. Real estate transactions and investments will vary for each entity, making traditional accounting practices unsuitable.
As Sothertons Melbourne have separate construction, real estate and property accounting practices in addition to tax advisory and audit areas, it enables access to internal control systems unobtainable to standard accounting firms.
Our accountants
With expertise in the property management and real estate sector, our accountants provide traditional accounting reports and property management services to maximise returns and minimise risks on real estate investments and transactions. Sothertons property and real estate accountants work with you to help your business excel
Our Services
Trust Accounts
Part of any real estate agency establishment is the opening, management and required audit of the agency’s trust account. Sothertons has a separate legal entity that handles all of our trust account audits and advisory services and can provide the services necessary to meet those trust account legal obligations.
Real estate, like any business, depends on proper cash flow management in order to maintain future profit. Specific business requirements, rent roll and taxation will affect cash flow and accounting reliability. As specialists in real estate accounting, our staff will identify and control cash flow for your business and ensure financial growth.
A large part of property accounting management is tax efficiency. Tax needs to be documented and reviewed correctly to ensure business profitability in the future. As accounting and taxation data can lead to confusion, Sothertons real estate accounting is presented in accessible, readable and reliable information.
Evaluating your rent roll
Real estate agents must invest time and energy to maintain their rent roll to ensure their position in the current competitive marketplace. Sothertons accountants will thoroughly evaluate the rent roll for every client, certifying the agent’s rent roll is not undervalued or underestimated.
Sothertons accountants, through solid accounting practices, will ensure your rent roll division is well managed and smooth cash flow is attained. Whether commercial or residential, our real estate accountants will provide a reliable and predictable income from your rent roll.
Management of information
Sothertons real estate accountants have access to internal control systems based on the property development, construction and real estate industries. As such, Sothertons accountants will identity accounting solutions to suit the particular industry and present the information in a readable format.
Our experience within the property sector ensures the management of information is suited to your business. A real estate accountant will review all business accounts and transactions and manage in accordance with industry standards and individual needs. Accounting reports will be informative, simplistic and provide long term profits.
For efficient real estate accounting services call Sothertons on (03) 9820 6400 or submit an online contact form
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