OUR SERVICES

Accounting & Bookkeeping Services

About this service

Karma CPA offers comprehensive accounting services tailored specifically to the needs of construction companies. Our team of experienced accountants can handle various accounting tasks such as invoice processing, tracking equipment costs, and job cost accounting. We can also provide customized management reporting and analysis, including project profitability analysis. With our services, construction companies can focus on their core business activities while we take care of their financial management needs.

Property Accounting

Karma CPA has access to skilled and experienced property accountants. They have high expertise in Yardi (Breeze, Genesis and Voyager), AppFolio, OneSite, MRI, Spectra, Timberline, and QuickBooks. Our property accounting services are used by 50+ Commercial, Residential, HOA, Condo, Student housing, Real estate developers, and Property management companies across North America. We provide services to clients with a portfolio as large as 15000 units.

  • Software Up-gradation
  • Set-Up Chart of Accounts
  • Track Fixed Assets
  • Rent Roll Analysis
  • Month End Accounting Services
  • Common Area Maintenance (CAM)
  • Bank, Tax & Insurance Reconciliations
  • Manage Owner's Draw
  • Management & Investor Reporting

Fund Accounting

Karma CPA provides a range of Portfolio accounting, Investor accounting, Trust accounting, and Fund accounting-related services for real estate investments and financial assets. We can also perform fund or portfolio-related administrative tasks.

Property / Asset Level Activities

  • SPV Accounting
  • Property Analysis
  • Capital Improvements
  • Real-Time System access
  • Calculation of Advisory Fees

Property / Asset Level Activities

  • Ensure Compliance
  • NCREIF Reporting
  • Track Performance Returns
  • Complete Special

Construction Accounting

Karma CPAhas worked with a wide range of construction companies including but not limited to General contractors, Developers, Sub-contractors, Construction-related service companies, and more. Our service offerings for the construction industry cover accounts receivables and payable services, reconciliations services, financial reporting, and customized management reporting and analysis such as project profitability analysis.

  • Invoice Processing
  • Ageing Reports
  • Contract Accounting
  • Track Equipment Cost
  • Job Cost Accounting

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Frequently Asked Questions

How will you help me track my rental income and expenses?

We will categorize all rental income and expenses and create detailed reports to help you understand your cash flow and profitability. We will also help you develop a customized chart of accounts to track income and expenses related to each rental property you own.

Our Association or Property Management Company handles our accounting. Why should we change?

Many management firms do not have accounting employees with CPA/CA  certification OR the vast expertise required to handle accounting effectively. Furthermore, through outsourcing, we can assist customers save 40-50% on their accounting expenditures.

How do you ensure the security of sensitive financial data?

We take data security very seriously and have implemented various measures to ensure that your financial data is safe and secure. This includes using secure file transfer protocols, regularly monitoring our systems for vulnerabilities, and limiting access to sensitive data to only authorized personnel. Also, We will not disclose any confidential information to third parties without your express consent.

How do you manage delegation of work internally, especially as your personnel changes?

As a team, we have a structured workflow in place to ensure that your work will be delegated to a capable team supervised by a senior person. A senior person will supervise the team, serve as a single point of contact, and ensure high-quality results. Both the team leader and members receive the necessary training. In the event of any transition, our operation head will take care of the work & ensure continuity. He will also appoint a capable person ASAP to take care of the work.

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