These capitalized costs are then depreciated over the asset’s useful life, using a depreciation method such as straight-line or accelerated depreciation. The depreciation expense is recorded on the income statement, reducing the company’s taxable income. Our CPA-led management team ensures accuracy and excellence across accounting, finance, and supply chain operations. Expertise Accelerated provides high-caliber, affordable accounting services for U.S. companies of all sizes. Contact us at to learn more about customized accounting support for your real estate projects.

• As the EY Americas Real Estate, Hospitality, and Construction Leader, Grinis is involved in managing the firm’s $2 billion real estate business, encompassing more than 17,000 professionals worldwide.
• She has approximately 17 years of public accounting experience, providing client services in audit, reviews and compilations, and other relevant accounting services.
• Their development portfolio boasts over 86 multifamily communities and 25 million square feet of commercial space, showcasing their extensive experience and commitment to quality.
• Each firm listed here contributes significantly to the dynamic US real estate landscape by consistently delivering innovative living and working environments.
• These firms help ensure that your business complies with US GAAP by preparing accurate tax returns, managing property tax assessments, and ensuring proper allocation of income and expenses across multiple jurisdictions.

Discover how we supported 18 startups in 2024

Their portfolio includes significant projects like Hudson Yards, which is recognized as the largest commercial development in New York since the 1930s. The firm is also involved in various initiatives aimed at enhancing community engagement and sustainability, such as the Related Affordable program, Real Estate Bookkeeping: How It Powers Your Business which focuses on providing affordable housing solutions. Their projects often incorporate innovative design and sustainable practices, reflecting a commitment to improving urban living. Related Companies operates primarily in the United States, with a small international presence, and continues to be active in the real estate sector without any reported funding activities.

• Turning over space to tenants or customers on time, with all approvals, without penalties, and collecting rent on schedule is the ultimate goal of the development efforts.
• Think of us as your operational quarterback, helping transform your vision into reality.
• Their portfolio includes 26,900 affordable units, 24,000 market-rate units, and 7,900 mixed-income homes.
• Leverage a wealth of industry knowledge, gain invaluable strategic guidance and maximize your investments.

Solutions

Each project requires separate tracking of expenses such as land, labor, materials, legal fees, and interest. A dedicated accounting system ensures accurate capitalization, cost allocation, and reporting for investors or stakeholders. OBG Outsourcing is USA based end to end bookkeeping and taxation service provider. A team of experts sharing knowledge with Small, Medium and Large organizations, Certified Public Accountants, Bookkeepers across the globe. With accurate real-time data, developers can make informed financial decisions that drive their projects forward.

Choose Reliable Real Estate Accounting Service Provider for Brighter Future

• While a general accountant can manage basic bookkeeping, a specialist in real estate accounting understands the industry’s specific rules, tax implications (like 1031 exchanges), and financial nuances for better insights.
• We recommend that project cost worksheets be reviewed at least monthly, which includes an analysis of line-item variances.
• Strategic tax planning ensures accurate filings, timely deductions, and reduced liabilities.
• The firm has successfully completed over 38,000 residences, showcasing its expertise in identifying emerging markets and anticipating shifts in lifestyle and design trends.
• Caroline Fleet is a Partner at Crowe, a leading audit, tax, advisory and risk firm.
• Both suburban and downtown offices regained some favor among survey respondents after falling to seventh and 10th positions two years ago (see “Select sector spotlight” for details).

QuickBooks Online is known for flexibility and integration with other business tools, making it great for developers with complex finances. Understanding transfer pricing is essential for multinational organizations https://www.lagrangenews.com/sponsored-content/real-estate-bookkeeping-how-it-powers-your-business-488ddc68 looking to balance compliance with strategic tax planning. Explore how transfer pricing works, why it matters, and how well-designed models can streamline operations and strengthen your global tax position. From initial evaluation through exit, our team provides the financial oversight and operational insights needed to accelerate value creation.

• Managing the day-to-day aspects of a development project and doing the hard work to realize the goal is what goes on behind the scenes.
• REA’s skilled team, in combination with your software’s comprehensive toolset, addresses the complexity of your corporate financial activities.
• Over the years, the firm has grown its presence significantly, expanding across the US.
• We frequently onboard clients who are months behind and get them fully caught up with clean, accurate reporting.
• This growth is supported by the need for risk mitigation and strategic decision-making across residential, commercial, and industrial properties.
• JDS Development Group collaborates with top architects and designers, ensuring that their projects not only meet market demands but also push the boundaries of engineering and design.

Before joining Willis Towers Watson, Turnbull was an Account Director at Aon Risk Solutions. RSM is a provider of professional services to the middle market, focusing on developing professionals and services to meet clients’ evolving needs in the business landscape. With more than 20 years of experience, he advises real estate developers, investors, fund sponsors, and construction industry clients on audit, consulting, and tax planning.

Baker Tilly

As an Aced Accounting client, you’ll have real-time access to your financial reports, including a statement of profit and loss (P&L), balance sheet, and statement of cash flows. Besides, we also provide you with detailed management reports, and how it compares to real estate (KPIs). Michael Brendes is a Vice President of Corporate Real Estate and Facilities at SAIC, a Fortune 500 company that provides government services and information technology support. The company’s portfolio spans defense, space, civilian, and intelligence markets, offering secure solutions in engineering, digital, artificial intelligence, and mission solutions. Dinesh Wadehra is the Global Operations Head of Wipro, a technology services and consulting company focused on building innovative solutions that address clients’ digital transformation needs. Wadehra is a result-oriented senior executive with extensive experience providing strategic, tactical, and operational leadership, and has a strong track record of performance in dynamic situations.

Real Estate Accounting providers listed on the SuperbCompanies portal?

The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated. Changes in tax policy resurfaced as one of respondents’ top five concerns for the second consecutive year. Many respondents still expect all conditions surveyed, like rental rates, leasing activity, vacancies, and cost of capital, to improve through 2026 (65%), compared with last year (68%).

Insights

Christophe leads Accenture’s global practice for engineering, construction, real estate and business services. For over 20 years, he has provided advisory services to international corporations, helping to design and execute large transformations. He has supervised a wide range of client engagements, helping clients optimize their performance and seize opportunities.

Baker Tilly to acquire Sockeye to expand Sage Intacct capabilities, construction industry focus

From open land to modern data centers and luxury hotels, we provide industry-leading expertise and local guidance at every turn. We’ve invested more in AI technology than any other real estate company – and it’s unlocking the potential of the world’s buildings and people. REA pairs its accounting prowess with your software’s detailed reporting to deliver comprehensive Trust Compliance Verification services.