Real Estate and
Property Accounting

Spend time growing your business.
Leave the back-office accounting to us.
BOOK A CALL

SOME OF
OUR CLIENTS
REVIEWS

After a couple of 'outsource burns', we signed up with CFO Plans hesitantly. That was one of the best decisions we made in streamlining our back office workflow. We started with Accounts Payable (which is quite voluminous and cumbersome given the nature of our business) and with the confidence we built with CFO Plans, expanded into more areas being handled by CFO Plans. Apart from the quality service at a very reasonable price, we dont have to worry about the human resource fluctuations as we used to. Very satisfied!

Chris Jenks West Star

OUR CLIENT
SUCCESS STORIES
FIRE SIDE CHAT




Chris Jenks

President of West Star

Join us as Chris Jenks, President of West Star, shares his remarkable career journey, from his roots as a young brand marketer to spearheading the growth of a premier property management powerhouse in Southern California. In this captivating episode, Chris delves into the intricacies of navigating a dual-form customer base, managing a transaction-heavy back office, and overcoming external market challenges. Discover how he maintains a delicate balance between cost control and exceptional service quality while steering West Star to unprecedented success. With an impressive $40M+ in annual rental revenue and a portfolio of over 250 active properties, West Star continues to soar to new heights.


Watch Full Video   Watch Short Video
500
+
Satisfied Customers
60
%
Cost Savings
100
+
Professional Team
50
M+
Transactions Recorded

PAY TO SUIT
YOUR NEEDS...
HOW WE
CHARGE

By Resource

We allocate a full-time employee (FTE) at the required skill level. All FTEs are fully supervised, and their work is reviewed by 2 layers at our end.

By Function

We allocate a mini team to handle a specific accounting function.

WHAT WE
DO

Process invoices
Process payables
Process receipts (Checks, ACH deposits, Wires & ClickPay)
Perform daily bank reconciliations
Review all bank accounts for deposits, returned checks, and bank charges
Download bank statements and prepare bank reconciliations
Prepare monthly financial reports
Pay owner distributions
Process tenant bill backs monthly prior to rent billing
Billing reports to property managers
Charge tenants monthly for rent, CAM, tax, and insurance (if applicable)
Send rent statements to tenants
Process and pay any mortgages
Calculate and post management fees
Property GL transfers from Quickbooks to Appfolio or any other RE software
Pay invoices via check and/or e-pay
Residential unit turnover accounting and payables
Assist property managers with budget preparation
Enter new budgets in GL and adjust tenant CAM, tax, and insurance monthly charges
Assist property managers with CAM reconciliation preparation
Enter annual CAM reconciliation charges/credits in GL
Prepare 1099’s and 1096’s
Pay property taxes
Enter new leases and renewals in ERP
Process tenant move-outs, including CAM reconciliations
Post adjusting entries for reclassifications, amortization, depreciation
Set up utility invoices for auto-pay
Add vendors in ERP
Assist property managers with owner and tenant questions

HOW WE
DO IT

Each client has an assigned team
The team consists of 4 team members at a minimum
The 3 ranks in the team are Associate, Manager, and a Sr. Manager
Each team has a ‘Service VP’ who manages the overall service delivery and client relationship
All team members are in the PST zone, no matter what location they are in (we have 3 locations)
Always up to date with no backlog
Every assigned team member is equally abreast with the work
Agile service delivery based on client need
Super users of most industry-leading fin-tech
Tech provider partnerships to deliver the best tech stacks
Each client can pick and choose the preferred way to communicate
Workspace chat lines (Slack), direct phone, email, Enterprise Cloud Conference
Typical response rate within one minute
No extras, no hidden fees - just a simple monthly subscription as agreed
All QBO clients get a free daily backup (This is an added level of security)
All QBO clients get access to a sophisticated financial dashboard
Every single team member is a full-time internal employee
Fully background checked
At a minimum, has a Bachelor's Degree in Accounting / Finance
Most team members are big-4 alumni with public accounting experience
All new employees go through a training boot camp before client assignment

IMPORTANCE OF
'WHAT' AND 'HOW'

Up to the minute business picture

What you see in accounting ledgers are up-to-date
The client can make informed business decisions
Any questions are answered right away
Special requests are handled immediately
Compliant and Accurate

Streamlined back office means accuracy and compliance
Better planning for the future
Satisfied customers, vendors, and investors
No back and forth with regulatory bodies
Unparalleled Agility

An assigned team for each client means that every client's unique needs can be served
Not bound or not limited by bloated internal processes or systems
Best of both worlds

Professional delivery, not obscene prices
Physically remote, at your fingertips
Keep the back-office costs contained and predictable while looking like a Wall Street company
No headcount, no hours count - focus on growth
Far better than an internal team

Educated and experienced team at a fraction of the cost
No exposure to work interruptions due to employee vacations/maternity
No exposure to work interruptions due to terminations
No exposure to retraining due to employee changes
Huge savings on indirect costs (rent, supplies, tax, lawsuits, etc.)
Professional grade obligation to serve

HOW ARE WE
DIFFERENT



No commitment

We are confident that you will stay on, so it is month-to-month.
Client transition out (for any reason), will be fully supported.

Industry Leading SLAs

When we say 'close' is done in xx business days, we mean it.
When we say we are at your fingertips, we mean it.
When we promise up-to-date data maintenance, we mean it.

Availability during the work hours

No other provider can boast about our level of response time.
Very similar to having the team right next to you.

Smart individuals, 'Can-Do' attitude, Go-getters

We are easy-going but very serious about the work.
We are smart, but not egoistic.
We are your back office, but your frontline of business intelligence and compliance.

Not ‘a Jane down the street' or 'The Biggest of All Inc'

An assigned team means continuous attention to work.
Professionally qualified means accurate accounting backend.
At your fingertips means 100% accessibility.
You will feel like you are our only client.

Services
Accounting Tax CFO Services Operational Services Pricing
Industries
Tech & E Commerce Hospitality Manufacturing Real Estate
Company
Why CFO Plans Contact Us FAQ
Information
Blog Privacy Policy Terms and Conditions Customer Reviews
LET’S TALK
805-624-5782
new@cfoplans.com
© 2024 CFO PLANS | All Rights Reserved
CFO Plans Inc. services are limited to Operational Accounting, CFO services, and Tax Filing Coordinations only.
CFO Plans Inc. does not provide services that require a license to practice public accountancy.