Real Estate Development Accounting – Foster Financial

Real Estate Development Accounting – Foster Financial

CPA and accounting services for real estate development businesses in the Phoenix, Scottsdale and Chandler areas

Whether you’re managing hundreds of commercial real estate properties or developing your own properties from scratch, we have an amazing real estate accounting team ready to help you scale your business.

Let’s face it. Most real estate owners struggle to track–let alone manage–their bookkeeping, back-office tasks, and account records maintenance. This is especially true for small business owners.

Instead of focusing on landing great real estate deals, improving their client acquisition strategy, and implementing proven methods to raise their income and reduce expenses, they spend half of their time understanding financial statements, managing their balance sheets, and dealing with taxes and other business-related finances.

The point is: It’s hard to do everything on your own. And as you already know, it’s not practical.

Doing everything by yourself could cost you time and money. Not to mention the effort it takes to keep up with all the financial transactions in your real estate business.

The good news is that outsourcing your accounting needs has never been easier and affordable.

That’s where we come in.

Our accounting team is equipped with the right knowledge, experience, and armed with the best accounting practices to help you succeed in the real estate industry. The methods we use are at par with current accounting standards. This means that while we use tried and tested accounting principles, we also monitor laws and regulations and make sure that our methods are up-to-date.

With our services, we can help you make better financial decisions:

  • Identifying a property’s capitalization rate
  • Choosing between Short-term and long-term debts
  • Calculating and estimating construction costs–including, but not limited to hard costs, soft costs, and other expenses you might incur in a construction business
  • The right amount of rental income (and when it’s best to increase it)
  • We offer complete accounting services like cash flow management, small business bookkeeping, tax preparation and planning.

Whether you’re just starting out or you already have multiple real estate businesses, getting our professional accounting services is a no-brainer if you want to reduce expenses, mitigate risks, and ultimately, handle your real estate deals like a pro. We are here to help you overcome all your financial challenges and increase your overall cash flow.