Key Takeaways Investors may compare regular reporting packages to tax forms, such as a K-1. If the comparison shows discrepancies, investors may feel compelled to question the sponsor’s accounting procedures. Addressing investor concerns often requires time-consuming ad hoc reporting and explanations, which can divert resources away from higher-value activities. Private equity real estate firms can … Read more
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
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
CFO services for middle market private equity real estate firms
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