Archive for the ‘bookkeeping’ Category

No printing required: How to sign your tax “paperwork” digitally

Posted on: July 7th, 2014 by Real Estate Accountants 1 Comment

Many of our clients have moved to sending and receiving all of their “paperwork”, such as tax returns, financial statements, and bookkeeping, electronically through our secure client portal. However, we often need signed documents back from you, which allows us to efile returns, for example, or communicate with the Canada Revenue Agency on your behalf. This means the documents need […]

Q&A: How do we report joint venture activities?

Posted on: March 20th, 2014 by Real Estate Accountants 2 Comments

Q: I have a property that is owned with a JV partner. She put in the 20% down payment and qualified for the mortgage, and I run the investment. We then split everything 50/50 moving forwards. My partner holds her side of the partnership in a corporation, and I have my own corporation holding my interests. […]

Q&A: How do I record the equity value in my real estate in my bookkeeping?

Posted on: June 26th, 2013 by Real Estate Accountants No Comments

Q: How do I record the equity value in my real estate in my bookkeeping? I paid $200,000 10 years ago and now the market value is double that amount but there is nothing in my books to indicate this value. I’d like my bookkeeping to reflect the true market value of my properties. A: […]