Accountancy services for real estate companies

1. Bookkeeping and Financial Reporting

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Bookkeeping

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• Daily Transactions: Recording all financial transactions, including sales, purchases, payments, and receipts. Accurate bookkeeping is essential for maintaining up-to-date financial records.

• Bank Reconciliation: Regularly reconciling bank statements with the company’s books to ensure the accuracy of financial data.

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Financial Reporting

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• Monthly, Quarterly, and Annual Reports: Preparing comprehensive financial statements such as income statements, balance sheets, and cash flow statements. These reports are crucial for assessing the financial health of the company.

• Customized Reports: Generating specific reports tailored to real estate activities, like occupancy rates, rental income, and maintenance costs, to provide deeper insights into operations.

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2. Tax Compliance and Planning

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Tax Compliance

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• Filing Requirements: Ensuring compliance with all French tax obligations, including property taxes (taxe foncière), value-added tax (TVA), and corporate income tax (impôt sur les sociétés).

• Deductions and Credits: Identifying applicable deductions and credits to minimize tax liabilities, such as depreciation on buildings and interest expenses.

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Tax Planning

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• Strategic Advice: Providing guidance on tax-efficient structuring of real estate transactions and investments to optimize tax outcomes.

• Deferred Tax Strategies: Implementing strategies like deferral of capital gains tax through mechanisms such as property exchanges under certain conditions.

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3. Audit and Assurance Services

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Internal Audits

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• Process Improvement: Reviewing and improving internal controls and processes to enhance efficiency and reduce financial risks.

• Compliance Audits: Ensuring adherence to industry regulations and standards, which is particularly important for real estate companies with multiple properties and complex transactions.

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External Audits

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• Financial Statement Audits: Providing independent verification of financial statements to ensure their accuracy and reliability, which is essential for investors and stakeholders.

• Regulatory Compliance Audits: Conducting audits to meet the requirements of French regulatory bodies and financial institutions.

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4. Real Estate Investment Analysis

Feasibility Studies

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• Market Analysis: Assessing market conditions and trends to evaluate the potential success of real estate projects, including location analysis and demand forecasting.

• Financial Projections: Creating detailed financial models to forecast revenues, expenses, and profitability over the life of a project.

• Investment Appraisal: Evaluating the performance of real estate investments by calculating key metrics such as Net Present Value (NPV) and Internal Rate of Return (IRR) to support decision-making.

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5. Property Management Accounting

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• Tenant Billing: Managing rent collection processes and maintaining accurate records of tenant payments to ensure cash flow consistency.

• Delinquency Management: Implementing strategies for handling late payments and reducing arrears to maintain financial stability.

• Vendor Payments: Processing payments to vendors and service providers promptly to maintain good relationships and service quality.

• Expense Tracking: Monitoring and controlling operating expenses to ensure profitability and efficient use of resources.

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Accountancy services for real estate companies in France are essential for ensuring compliance, optimizing financial performance, and making informed strategic decisions. From meticulous bookkeeping and tax compliance to comprehensive audit and investment analysis, these services provide the foundation for successful real estate operations in the complex French market. Working with specialized accountants helps real estate companies navigate regulatory challenges and achieve their financial goals.