Blog categorized as Business

The Common Area Maintenance or CAM reconciliation process can be a very hectic task, especially when it comes to commercial real estate businesses. With multiple properties to handle, it can be overwhelming. But CAM reconciliation is crucial nonetheless and property managers can not afford to avoid ...

There are multiple layers of work in an Accounts system. Accounts Payable is probably one of the most crucial parts of it. It is what runs the cash flow of the company and determines your expenditure. From invoice tracking, recording keeping, processing and clearing payments, it has many different a...

Common Area Maintenance is a highly complex task in itself. The CAM reconciliation process can be a further hassle due to the multiple stakeholder involvement. It is time-consuming and tedious, but extremely important to have proper reconciliation done. Commercial Real Estate CAM reconciliation...

As Financial Accounting Standards Board (FASB) released new lease standards, you must get a proper lease audit to stay on track. This has complicated the lease abstraction process, which is one of the biggest reasons you need to audit your lease. If you do not have all your data and terms in place, ...

MiCasa is one of the best property management software when your business is running on a budget. From property management to streamlining the communication system in real estate firms, MiCasa comes to use in multiple needs. 

Want to understand the uses of MiCasa for your real estate busin...

Cash is king, and all business executives swear by it. Poor cash flow makes the daily workings of a company quite a challenge and a daunting task for business managers and executives. It affects your daily tasks and also your long-term business growth plans. Shortening the cash conversion cycle (CCC...

Lease accounting is the process of understanding the impact of your companies leasing activities on its finances and cash flow. Though this sounds simple, it is a much more complicated process in reality and has put many companies under the FASB and SEC radar quite easily. If you do the lease accoun...

At the end of 2021, the Financial Accounting Standard Board (FASB) rolled out new rules for lease accounting. There have been many new additions that any property manager needs to notice. A proper lease accounting process can help your real estate business keep track of financial impacts on the comp...

Since the onset of the pandemic, the Internal Revenue Service (IRS) has come up with multiple new tax rules and regulations. Many of them are COVID-related and might affect your business and its tax system. There have been some exemptions, some tax reliefs, and more. The system is fast-changing, but...

The real estate business is tricky and volatile, to say the least, if you add bad accounting particles to this mix, then it gets even more complicated. It can end up costing you millions and also cost you your reputation as an authentic real estate business. 

Accounting and back office are...

The world economy has been grilling under the pressure of the pandemic for the past couple of years. Above that small businesses have struggled even more to survive. But now finally from the last few months business and the economy is getting back in the normal flow of things.  

All b...

Your business can incur endless problems if your accounts payable is not flawless. Post pandemic all kinds of businesses have suffered from the unpredictable scenarios coming their way. The situation has become extremely volatile and sensitive. When you are working in such unpredictable scenarios no...

COVID-19 disrupted business operations across industries last year. A massive number of people lost their jobs while others had to shift to working from home. 

However, all of us imagined this setup to continue for the short term. Nobody knew we would have to stay out of the office for more than...

Managing a property is no easy task. You have to take care of endless responsibilities that include maintenance, coordinating with vendors, paying staff on time, and more. 

Each property you manage brings more tasks to the table and can soon overwhelm your time. The situation is more common than...

Most real estate agencies rely on their back offices for day-to-day accounting. The list of tasks covers a wide range of verticals, from vendor payments to employee reimbursements. 

As a result, the back office requires considerable resources and hours to do its job efficiently. 

However, mo...

An efficient back office is behind every successful company. It has a big impact on your business operations and how well you can achieve your objectives. 

As a result, it is necessary to give a hard look at your back office operations. It is more important than you think and decides your perfor...

If you are looking for a reliable communication system for your business, you have probably heard about VoIP systems. As the name suggests, VoIP or Voice Over Internet Protocol uses the internet to make phone calls. More than one-third of businesses already use VoIP due to its cost-effecti...

Common Area Maintenance (CAM) reconciliation sounds simple. Just add up all common area expenses and divide them among all the tenants. But in reality, it is a complex and time-consuming process.  

You might miss certain expenses or end up overcharging your tenants. Additionally, any ...