An accountant is one of the key players in any business irrespective of the size of the business. The accountant monitors and records the flow of money in an organization. It is the accountant’s duty to verify the correctness of all money transactions and to ensure that all these transactions are legitimate and follow existing guidelines. The accountant can either work for a company on a contractual basis or may choose to work as independent account consultants and help customers with their tax returns, financial decisions, or other money-related matters.
Bharti Jogia-Sattar has been working as finance and accounting executive and is based in the greater Los Angeles metropolitan area. She specializes in the real estate market and has been serving as the finance and accounting executive for more than two decades now. She says that more than one type of property accountant can be seen in the business world. While some property accountants work for property management firms, others work for real estate companies. There are some accountants as well who can simply be accountable for overseeing and managing a company’s assets including vehicles, real estate, and equipment.
Skills & experience of real estate accountants Like Bharti Jogia Sattar
These accountants need to have spreadsheet and advanced computer skills, knowledge of state and federal real estate laws, and may need definite experience with a property or asset management. The accountant should have the ability to set up portfolios and accounts if needed, manage budgets and maintain financial records and transactions in regards to assets. In addition to this, the real estate accountants must have outstanding written and verbal communication skills and few years of experience.
The duties of a real estate accountant for an organization or company include maintaining financial records for capitalized vehicles, real estate and equipment. This consists of supervising changes in asset management such as location or disposal, and the addition of new purchases. The real estate accountant is also responsible to conduct periodic inventory, reviews and audits as necessary along with offering guidance to department managers for repair and maintenance of the company’s equipment or other assets. The accountant also needs to update tenant records to reflect changes in rent, tenants, utilities, maintenance and repair, etc.
When it comes to secondary duties, the role of a real estate accountant for an organization or real estate firms requires the ability to make reports capitalization, on new asset purchases, disposal and management of a company’s assets. For the accountant who works for a real estate management firm, he or she will need to manage collections for generating reports reflecting payments, tenant invoices, or collection activities and updated tenant financial records.
Bharti Jogia-Sattar works as an independent consultant in Los Angeles area and has been associated with well- known organizations such as Countrywide Capital Markets and then with Lionsgate as Vice President and Controller. With more than two decades of experience in this field, she ensures that all her customers are highly satisfied.