Specialized Accounting Solutions for Private Equity Real Estate
Lexcraft Advisors delivers accounting services tailored to the needs of middle-market real estate funds and syndications. Our team is fully capable of handling CFO, Controller, and bookkeeping activities.
Controller Services
Lexcraft Controller services are the cornerstone of our accounting services suite. Our team handles important recurring activities, including monthly closes, reconciliations, and ongoing maintenance and oversight of the sponsor’s accounting environment, including property accounting systems. We emphasize sound procedures across the organization to mitigate risks related to general ledger accuracy and completeness, and we work with stakeholders to implement best practices.
How we can help:
- Manage monthly close process
- Chart of accounts management
- Bank reconciliations
- Capital account validation
- Transaction classification review
- Accounting procedure documentation
Tax & Audit Coordination
Our team is well versed in coordinating tax and audit projects to ensure the timely completion of tax filings, Form K-1s, and audit reports. We work directly with tax and audit vendors to handle reporting and information requests, serve as a single point of contact, and reduce burden on the sponsor.
How we can help:
- Liaise with tax and audit vendors
- Project management oversight
- Financial reporting for tax and audit
- Handle ad hoc vendor requests
Management Reporting
Lexcraft is fully capable of building customized financial and management reporting packages designed to give sponsors a deep understanding of portfolio and asset performance and to inform decision-making. Our team leverages the sponsor’s accounting system to produce reporting at the fund, portfolio, or asset level.
How we can help:
- Bespoke financial reporting packages
- Preferred return accrual schedules
- Executive and board reporting
- Capital activity reporting
System Implementation
We assess the sponsor’s current accounting system, issue a recommendation to guide the selection of a best-fit system, and manage the implementation of the new tool. Our team is well versed in onboarding accounting systems, overseeing data migrations, and building accounting procedures tailored to the new system.
How we can help:
- Accounting system selection advisory
- Data migration oversight
- Implementation management
- System configuration and integration
Performance Monitoring
Our performance monitoring services are designed to help sponsors establish key performance indicators (KPIs) to evaluate fund, portfolio, and asset-level results. We also help sponsors determine the most relevant targets and performance hurdles to measure against. Performance metrics can be included in dashboards, management reports, and investor correspondence.
How we can help:
- KPI design
- Data sourcing strategy
- Establish performance targets
- Recurring KPI refreshes