Flexible outsourced accounting solutions enable company to optimize their back office operations

Challenge

A real estate developer with properties nationwide needed a variety of services their internal team couldn’t handle. 

Solution

BerryDunn’s extensive accounting expertise coupled with our unique service approach allowed the team to fill the developer’s gaps and adapt to provide a long-term solution. Key members of our team stepped in to serve in the capacity of an outsourced controller and outsourced CFO for the company, in addition to filling basic accounting functions. We helped ensure their GAAP financials, tax compliance, lender reporting, loan draw requests, and external audit requirements were met. As more properties were acquired, we were able to staff accordingly, helping the developer grow without taking on overhead associated with hiring more staff.

Outcome

Our team continues to provide outsourced accounting services to the real estate developer. The company has grown enough to have some in-house accounting support. The developer continues to use BerryDunn in a controller capacity and to assist in day-to-day accounting on more complex development deals. Our team also provides on-going tax structuring advice, tax planning, and tax preparation services, all of which are collaborated seamlessly in-house.