Accounting Services for Commercial & Industrial Properties
On this page, we listed the accounting and financial services we provide for commercial and industrial properties. Explore each section to see detailed information about our services.
Monthly and Annual Financial Reporting
Detailed monthly financial reporting in easy-to-read statements including updates on receivables and budget variances. Reports include a balance sheet, income statement compared to the budget, a receivables summary, and rent roll. Year-end financial statements preparation in-house or by external accountants or auditors. Precise accounting using YARDI Breeze Software. Transparent bank account management.
Tenant Rent Collection
Diligent and persistent rent collection efforts as well as additional rent / TMI / CAM amounts. Issue rent letters to tenants with upcoming rental charges and TMI amounts on an annual and as-needed basis. Regularly increase rent as prescribed in the leases.
Annual and Monthly Budget Preparation
Prepare annual operating budgets on a monthly basis to see a breakdown of expected rent income and expenses
Annual Reconciliations of TMI (Taxes, Maintenance, Insurance) or "CAM"
Perform annual TMI reconciliations to compare the actual maintenance costs to the estimated amounts. Issue invoices or refunds accordingly.
Issue Payments to Vendors
Review and check vendor invoices and utility bills for accuracy. Issue payments to vendors electronically or via cheque
Regular HST Returns
Submit regular HST returns with Canada Revenue Agency.
Regular Owner Distributions
Cash flow analysis and regular owner distributions of surplus cash.