Real Estate Accounting: Case Study 3
Client Profile
In this Real Estate Accounting Case Study, VRSapients demonstrates how our tailored Real Estate Accounting Services streamlined financial operations, improved accuracy, and strengthened internal controls for two major property management clients in the United States. By leveraging our expertise in property management accounting and real estate bookkeeping, both organizations transformed their back-end accounting into efficient, technology-driven processes.
Client 1: A full-service real estate development and property management company managing over 12,500 units across 275+ properties, including both conventional and affordable housing. Their operations required consistent, high-volume reporting and complex reconciliation across multiple portfolios.
Client 2: A premier property management accounting firm in the mid-Atlantic region, managing nearly 10,000 units with multiple stakeholders and regional operations. The firm handled an extensive number of property transactions, utility accruals, and owner statements every month, requiring an advanced financial system for real-time accuracy and transparency.
Both clients faced common accounting and reporting challenges — from managing large-scale portfolios to coordinating with multiple outsourced vendors while maintaining accuracy during monthly closes. Inconsistent data flow, delayed reconciliations, and varying reporting standards made it increasingly difficult to deliver on-time owner statements and accurate financial reports.
Scope of Services
VRSapients delivered a comprehensive suite of Real Estate Accounting Services that addressed end-to-end accounting needs, including:
Month-end close and bank reconciliations in Yardi Voyager.
Utility accruals (monthly and quarterly) tailored for property-level accuracy.
Real estate tax and insurance accruals to ensure consistent and compliant reporting.
Mortgage and escrow account tie-ups, with full reconciliation of replacement reserve accounts.
A complete trial balance review to ensure all ledgers were error-free before owner reporting.
Preparation and delivery of detailed owner statements on scheduled due dates.
This proactive real estate bookkeeping approach enhanced transparency, streamlined reporting, and ensured all financial data was clean, timely, and ready for ownership review.
Challenges
Before working with VRSapients, both clients faced several critical challenges that impacted efficiency and financial accuracy:
Multiple outsourced vendors produced inconsistent data and delays in month-end reporting.
Inefficient accounts payable systems caused delayed vendor payments and late fees.
Utility bill accruals were often missed, leading to distorted financial statements.
Timely owner statement preparation was nearly impossible given the scale of operations.
These issues not only reduced internal efficiency but also risked straining relationships with property owners and investors who relied on accurate, on-time reporting.
VRSapients’ Solution
Our CPA & Accounting Firm centralized all accounting processes under one efficient, tech-driven framework. By acting as white-labeled in-house accountants, we integrated seamlessly into our clients’ teams and optimized their financial management systems.
Using Yardi Voyager and other accounting software, we created unified workflows that enabled:
Standardized accounting procedures across multiple entities.
Automated AP approval systems to reduce manual errors and late payments.
Enhanced data validation to maintain accuracy at every step.
Streamlined month-end close processes, ensuring consistency and reliability.
This transformation provided both clients with improved control, visibility, and scalability across their accounting ecosystem.
Key Achievements
This Real Estate Accounting Case Study highlights measurable results achieved within the first three months of engagement:
35% cost reduction by consolidating all vendors into one efficient outsourced real estate bookkeeping partner.
100% on-time owner statement delivery, ensuring transparency and client trust.
40% faster month-end close, improving decision-making and reporting timelines.
Improved financial accuracy through real-time accruals, reconciliations, and internal audits.
Seamless client satisfaction after just one month of onboarding — both firms praised VRSapients’ rapid adaptability and consistent performance.
These outcomes reinforced our reputation as a dependable Real Estate Accounting Services provider for large-scale management portfolios.
Client Testimonial
“VRSapients completely transformed our property accounting operations. Within weeks, our reporting became faster, cleaner, and fully reliable. Their team worked as an extension of ours, bringing the precision and dedication of a full in-house department.”
— CFO, Leading Real Estate Property Management Firm
Conclusion
This Real Estate Accounting Case Study proves how VRSapients enables real estate businesses to achieve financial accuracy, compliance, and operational excellence through expert Real Estate Bookkeeping and CPA support.
Our specialized Real Estate Accounting Services deliver scalable, technology-driven solutions that help large property management companies stay financially organized, compliant, and efficient. By combining process automation, domain expertise, and client-focused execution, VRSapients continues to be the trusted partner for Real Estate Accounting Firms across the US and Canada.
Beyond process improvement, we also empower clients to make smarter financial decisions through real-time insights, accurate reporting, and customized dashboards. Our accounting professionals act as true partners—working alongside clients to enhance profitability, strengthen internal controls, and create sustainable growth strategies. With VRSapients, real estate businesses gain not just accounting accuracy but a long-term ally committed to optimizing their financial success.