Small Property Management Business Seeks Accounting Advice
min £36 GBP / hour
Fermé
Publié il y a plus de 6 ans
min £36 GBP / hour
My son and I have five properties we rent out. Four are in San Francisco, one in London. We currently maintain our P&L on Google Sheets. We don't maintain a balance sheet. We store documents on Google Drive, and use Google Docs for word processing.
We need ongoing advice on various issues, including the ones listed below.
Periodic Reporting:
* End of year processing
* Preparation and submission of tax returns
Maintaining Independence of Accounts:
* What is the best way to separate the accounts from our personal accounts? We don't want the overhead of setting up a separate corporation
* Provide for easy transfer of management annually between myself and my son. The idea is that he's in charge one year, then me the next, and so on
Bookkeeping:
* What accounting and bookkeeping tasks should we give to our administrative colleague Sara?
* What is the best way to train Sara?
Audit & Security:
* How should we incorporate checks and balances, to reduce the chance that money is stolen or inadvertently misplaced?
* How should we maintain our simple online systems so that money is unlikely to be stolen through malware exploits?
* How should we back up our Google Docs-based environment?
* What is the best way to check the data is valid?
* Should we start double-entry bookkeeping, and have a balance sheet? We want to keep the system simple and easy to maintain
International Taxation:
* Should we retrospectively apply capital costs to the London property, amortize the depreciation, and send in adjusted tax returns?
* How should we make the London reporting consistent with US reporting, for tax purposes?
* I am resident both in San Francisco and London. I currently submit US tax returns. I am joint resident, and could starting submitting UK tax returns. Would it be better to submit UK rather than US tax returns?
Miscellaneous:
* What key management statistics should we review every month?
* How should we best incorporate car port rental income?
Greetings,
The space provided here for introduction is not enough to provide all the details. Please come to the chat to discuss.
I am professionally qualified Business & Financial Consultant from Sri Lanka with a degree in Management & Finance. I have 17 years of Experience in Audit, Financial & Business consultancy practices.
I have the experience in designing and implementing Accounting systems for better control and reporting. I possess the working experience of working with multinational clients. Please come to chat to discuss.
Look forward to discussing with you of the opportunity further.
Regards,
Dilip.
I have briefly checked the description on graphic design, and I can deliver as per the requirements however I need us to discuss for more clarity on the details, deadline and budget as well.