Property investment is a huge business. It involves buying of
properties such as land, building, houses, or apartments for the intention of
making a profit. This can be for renting or selling. Some examples of the
investment properties are the following:
·
A property that is being built for investment
property.
·
A vacant building that is for lease. It can be
leased for more operating leases or one lease only.
·
A building that is owned by an individual or a
company that is under more operating leases or one lease only.
·
A lot that is held for unknown future use.
·
A lot that is held for long-term investment.
The long-term investment refers to an entity or apartment building
wherein the units are for rent. The short-term investment includes properties
that are bought and renovated then sold. Both of these terms generate profit.
There are other ways wherein some investors make use of the property to return
investments.
The accounting and financial management of the property investment are
quite comprehensive. You need someone who can assist and advise you on the
property investment and its financial matters. This is achieved by a registered
property
investment accounting service.
The property accountant can function in the following manners:
·
Prepare the financial statements.
·
Record all financial information.
·
Study and analyze the financial reports.
·
Verify the fair value amendments for the
investment debt and real estate.
·
Combine all investments that are in the funds.
·
Compute all the statements of cash flow.
·
Prepare the tax documents.
·
Prepare the cash audit documents.
·
Respond to client’s questionnaires.
·
Communicate with the banking personnel, account
managers, and other property accountants.
·
Prepare the client reports.
·
Verify the equity in earnings.
A reputable chartered accountant that is specializing in property is Stephen
Tan Limited (STL). The firm is based in Auckland City in New Zealand.
It is located at Upper Floor Accounting Chamber 642 Great South Road Leslie,
Auckland 1051. The firm has a team of property consultants that can assess all your
property accounting.
