Case Study
August 17, 2023

Providing a comprehensive suite of services to help a real estate development firm focus on growth

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Elliott Davis was asked: “Can you help us streamline all of our real estate investments and provide services to support our on-going growth?”

  • Fast-growing Southeast real estate investment firm pursuing retail, office, hospitality, industrial, and office assets
  • Outgrew previous accounting firm
  • Required firm with real estate experience and collaborative accounting and tax services
  • Wanted to quickly pull all data across multiple entities and integrate new acquisitions
  • Needed consolidated reporting across investment portfolio
Our Approach
  • Assisted in moving company between software products to increase automation in back-office accounting processes
  • Created new bill payment account and synced new software with general ledger
  • Implemented financial reporting for cash flow forecasting and actionable financial insights
  • Process monthly draw package for bank
  • Meet with management quarterly to discuss financials and identify areas of efficiency improvement
  • Across each entity, provide the following on-going services:
    • Record deposits and credit card receipts
    • Maintain schedule of all depreciable assets, prepaid expenses, debt, accrued expenses, associated interest, and amortization expenses
    • Sync bill provider to record management
    • Analyze general ledger (GL) including reconciliations, receivables, expenses, assets, and liabilities
  • Process annual federal and state tax returns
Customer Impact
  • Upgraded systems and accounting processes to meet needs of fast-growing business
  • New billing system implemented to automate processes and reduce manual wire transfers susceptible to human error
  • Improved insight into business performance across all entities for enhanced management decision making
  • Advanced ability to easily integrate new acquisitions into current system and processes
  • Ability to limit headcount while utilizing flexible services that expand and contract as business evolves
We Can Help

For more information on how Elliott Davis can assist you and your business, contact a member of our team.

The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.

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