Accounting

Providing financial information to our clients in a timely and accurate manner is a commitment that we know cannot be compromised. Well-organized financial records ensure that your business operations will run more effectively and efficiently on a daily basis and are also the foundation of a successful business.

TASSI and Company provides a full range of cost effective accounting services, including the following:

• Audit

• Review and Compilation

• Assistance in complying with reports required for banks, sureties and government agencies

• General ledger and financial statement preparation

• Bookkeeping (Monthly/Quarterly/Annual)

TASSI and Company provides financial reporting services to the real estate community. Created to meet the changing financial reporting needs in a challenging real estate market, we offer accounting experience and an innovative method of reducing the high overhead costs of many real estate companies.

The most accurate description of our service is as simple as the concept. We act as an internal accounting department. We provide full service partnership, property management, and corporate accounting services.

The services are designed to be flexible. You may choose specific financial services for a property or partnership and fix a flat monthly fee for those services. This way, financial reporting becomes a variable cost not tied to fixed overhead and a full-time accounting department.

There are numerous other advantages that include the following:

1. Tassi and Company is an independent firm which specializes in real estate accounting.

2. You will not experience an additional internal cost. The cost may be charged to the property or partnership, therefore, linking costs directly and making them truly variable.

3. Personnel management issues are eliminated. Top management can focus on transactions that generate fees and create value instead of spending time on non-revenue generating activities such as administrative functions.

Our PC based hardware and software system is geared specifically to the real estate industry. This enables us to offer clients the most efficient and cost-effective method for financial reporting. Furthermore, we understand that confidentiality is essential to you and have established a system of controls that will make you feel comfortable with the confidentiality of your financial records.

We believe that building a long-term, working relationship with our clients is the most effective way to provide accurate, concise, and timely financial reporting. Our team of professionals will meet with you at your location to thoroughly review your individual financial needs. After thorough research, we will prepare a customized proposal based upon the individual reporting requirements for your portfolio.

Focused on working as a team, the professionals at TASSI and Company boast uncommon commitment to providing accurate, confidential financial services on a timely basis. We commit ourselves to the job at hand with enthusiasm, dedication, and tenacity. With financial and real estate experts ranging from senior management to staff accountants, the TASSI and Company team is comprised of a wide range of experience drawing from various types of real estate.

TASSI and Company provides the following outsourced accounting services:

• Produce monthly property operating statements.

• Process accounts payable.

• Process accounts receivable.
  (a) Tenant billing.
  (b) Tenant collections.

• Prepare monthly bank reconciliations.

• Compute annual tenant escalation billings.

• Aid property managers with the preparation of annual operating budgets.

• Produce cash flow projection.

• Provide cash management services.

• Process payroll.

• Produce monthly partnership financial statements.

• Prepare annual partnership budget.

• Produce special financial reporting requirements per loan and partnership agreements.

• Compute cash distributions for partners.

• Process monthly construction draws.

• Produce long-term cash flow proforma.
  

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