Bookkeeping - Lexcraft Advisors

Accounts Payable Best Practices for Private Equity Real Estate Firms

June 29, 2026 by Mike Zane

Financial workspace with invoices, reporting dashboard, and laptop representing accounts payable best practices for private equity real estate firms.

Key Takeaways Accounts payable processes that work for a small portfolio often become a bottleneck as transaction volume increases. A centralized AP workflow gives finance teams greater visibility into outstanding invoices and helps reduce processing delays. Strong approval procedures and disciplined internal controls help reduce operational risk before payments leave the bank account. Timely visibility … Read more

Bookkeeper vs. Outsourced CFO: Who Does What in Private Equity Real Estate?

January 27, 2026 by Mike Zane

Bookkeeper and outsourced CFO roles in private equity real estate finance

Bookkeepers focus on transactional accuracy, while outsourced CFOs provide the strategic oversight and financial leadership required to scale a private equity real estate business. Understanding the difference between these roles helps sponsors avoid common financial bottlenecks as deal complexity, investor expectations, and reporting requirements increase. Choosing the right level of financial support at each stage … Read more

The Burden of Accounting Reclassifications for Property Managers

July 7, 2025June 23, 2025 by Mike Zane

Reclassifications are common in property management accounting but often indicate underlying process issues and create unnecessary work for on-site teams. Frequent reclassifications erode trust in financial reporting, delay owner reviews, and can reflect poorly on the property manager’s performance. A CFO services firm can reduce reclassifications by improving account structures, streamlining month-end procedures, and strengthening … Read more

Designing a Chart of Accounts to Mitigate Risk for Private Equity Commercial Real Estate Firms

July 7, 2025September 2, 2024 by Mike Zane

A property accountant reviewing a chart of accounts.

Key Takeaways A chart of accounts lists all the general ledger accounts that entries can be classified under in an accounting system, and it helps to ensure accurate financial statements. Property and fund accounting software is typically shipped with a standard chart of accounts, but users are encouraged to tailor the chart of accounts to … Read more

5 Steps Commercial Real Estate Sponsors Can Take to Deliver K-1s on Time

July 7, 2025May 28, 2024 by Mike Zane

frustrated woman reviewing financial statements

Key Takeaways Many private equity commercial real estate sponsors miss the IRS deadline for providing Schedule K-1s to investors. Late K-1 dissemination is largely due to gaps in accounting operations among sponsors. There are five key steps that commercial real estate sponsors can take to improve accounting practices and promote timely K-1 delivery. In the … Read more