Auditing Services
We Take Full Ownership of Your Financials
Our team of seasoned professionals are equipped for any challenge related to audit or accounting procedures, including trust account balance audits, security deposit audits and all department of real estate requirements. Ensuring that you are always in compliance with all state and local regulations, we provide a full range of audit and accounting services to take the stress out of your finances.
- CPA-Led Forensic Accounting in All PMS
- 100% Audit Pass Rate
- Liaison Between You and the Auditor
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Whether you are conducting an internal audit or being audited by the Department of Real Estate, we have you fully covered.
- Complete financial transparency – we take full ownership of your financial health
- Seamless interaction with the Department of Real Estate (DRE)
- Proven track record (100% success rate)
- Internal & external financial auditing
- All properties, unit types and units
- All financial and GAAP compliance inquiries
- All property management software
Thorough financial evaluation and determine if an accounting cleanup is necessary
Bank Reconciliation Review
- Reconciliation of bank balance to cash accounts on properties
- Uncleared checks over 6 months old
- Uncleared deposits over 30 days old
- Journal entries
- Bank adjustments
Balance Sheet Reconciliation
Moving from one system to another can be complex and time consuming. Use RPA to get the job done quickly, efficiently and without error.
- Security deposit to properly reconcile to tenant level liability and security deposit liability on balance sheet
- No balances in clearing
- Proper move out reconciliation and maintained 0 balance in all clearing accounts
- Intercompany accounting
- Reconciliation of A/R to open charges and open payables
- Reconciliation of A/P to open payables
- Negative items on balance sheet aside from depreciation
- Separation of net income (current retained earnings) from prior years retained earnings
- Post month and transaction date match
- Prepayments reconciliation with tenant ledger
- Proper A/R transaction logging
- Past tenants
- Past & hidden properties
Corporate Accounting
- All corporate finances
- Negative balances against corporate accounts
Our Process
Our streamlined process will ensure a smooth transition for you.
Step 1
Complete our form, and we’ll provide you with a complimentary quote tailored to your specific needs.
Step 2
Our team will contact you to schedule an initial meeting at a mutually convenient time.
Step 3
In the meeting, we’ll ask questions to understand your accounts payable, accounts receivable, bank reconciliations, financial reporting, and closing procedures comprehensively.
Step 4
Once expectations are clear, we will document your current processes, pain points, goals, and operational intricacies.
FAQ
Balanced Asset Solutions sets itself apart by providing a comprehensive, technology-centric approach to property management consulting. We have deep relationships with industry-leading software platforms like Yardi and Appfolio, allowing us to offer tailored solutions to streamline and scale your business. Additionally, our expertise spans over 30 states, and we provide niche services such as project-based costing models and assistance with Department of Real Estate audits.
We understand that property management software implementations can be challenging. At Balanced Asset Solutions, we take the hassle out of switching accounting platforms by providing streamlined Yardi and Appfolio implementation and support services. Our experienced consultants ensure a seamless transition, saving you time and effort while ensuring your accounting system runs smoothly.
By outsourcing your accounting and bookkeeping needs to Balanced Asset Solutions, you can free up your time and focus on growing your business. We offer monthly accounting services, general bookkeeping, revenue and growth optimization, monthly reporting, accounting clean-up, and dedicated support. Our CPAs also provide auditing services, including internal and external audits, forensic accounting, and acting as a liaison during Department of Real Estate audits.
Balanced Asset Solutions offers comprehensive tax services to help minimize your tax liability. Our team of licensed CPAs, MBAs, and professionals provide pre-acquisition due diligence, property tax appeals, property revaluation, tax bill services, and expertise in complex industries. We ensure you are in compliance with state and local regulations and guide you through the process to minimize your tax burden.
In today’s digital landscape, online visibility is crucial for the success of your property management business. Balanced Asset Solutions provides web development and SEO services to boost your online presence and generate more leads. Our services include website development, SEO, content and blog writing, search engine marketing, social media marketing, video marketing, and more.
Please feel free to reach out to us via the chat function or our contact page for any further questions or assistance.
Absolutely! Balanced Asset Solutions offers its property management consulting services nationwide. Whether you’re located in a large city or a smaller town, we have the expertise and resources to assist you in optimizing your property management operations. Our team has worked with clients across various states, ensuring that we can cater to your specific needs regardless of your location.
Yes, we understand that every business is unique and has different requirements. Balanced Asset Solutions offers project-based pricing options to accommodate your specific needs and budget. Whether you need assistance with a specific project, software implementation, or a comprehensive consulting engagement, we can tailor our pricing structure to suit your requirements. Contact us to discuss your project and explore the pricing options available.
Balanced Asset Solutions specializes in helping property management businesses optimize their operations and achieve long-term success. Our comprehensive consulting services cover various aspects such as software implementation, accounting and bookkeeping, auditing, forensic accounting, taxes, training, web development, and SEO. Whether you need assistance with streamlining workflows, maximizing efficiency, minimizing tax liabilities, or enhancing your online presence, our team of experts is here to provide the guidance and support you need.
Absolutely! Balanced Asset Solutions has extensive experience working with different sectors within the property management industry, including affordable housing, military housing, student housing, and more. We understand the unique challenges and requirements of these specialized sectors and can provide tailored solutions to meet your specific needs. Our team of experts can assist with accounting and bookkeeping, software implementation, compliance, and other relevant services specific to your sector.
Balanced Asset Solutions can help you implement project-based costing models that provide a deeper understanding of your costs and profitability for specific projects or properties. We analyze your expenses, revenues, and operational data to create customized costing models that allow you to make informed decisions and optimize your financial performance. By utilizing project-based costing models, you can gain better insights into the financial aspects of your property management projects and improve your overall profitability.
Still have questions? Contact us
