Real Estate Accounting
Accounting in the real estate sector
As a tax consultancy with a focus on real estate, we naturally also take care of the accounting of your real estate. Our team in Frankfurt, Lampertheim, Berlin and Luxembourg can also provide you with comprehensive tax advice in the real estate sector. Our services range from property accounting and the publication of German and Luxembourg financial statements to support in the acquisition or sale of real estate.
Our real estate accounting services
- Monthly and quarterly reporting
- Ongoing accounting
- Preparation of annual financial statements according to HGB and IFRS
- Publication of German financial statements
- Publication of Luxembourg financial statements
- Preparation of consolidated financial statements according to HGB and IFRS
- Payment processing/cash management
- Various types of planning such as cash flow/result/equity Payroll accounting
Professional property accounting and tax advice from a single source: KRIEGER Real Estate Accounting
Our integrated approach enables us to offer our clients comprehensive advice and accounting with a focus on real estate. In doing so, we also draw on the expertise of our in-house real estate experts, among others.
The aim of our property accounting and related services is to respond to the individual needs of our clients and to develop a tailor-made solution.
Our range of services includes the following in detail:
- Taking over monthly or quarterly property accounting
This includes the booking of current business transactions within the company which are not recorded in the property management. If there is no property management, we are also happy to take over the booking of all business transactions. All invoices incurred at property and company level are thus recorded in the bookkeeping. In addition, we determine the input tax rates on the basis of the current letting activities. This means that we put the total lettable area of the building in relation to the lettable areas of taxable or tax-exempt tenants in order to be able to subsequently determine how high the input tax deduction of the respective lettable property is.
Professional and complete accounting includes, in particular, the preparation of the monthly or quarterly advance VAT return as well as keeping track of VAT obligations, for example in the case of vacant premises. We also prepare registers for you in accordance with § 15a UStG.
We are happy to support you with your individual projects.
Due to our many years of experience with national and international clients, we are also able to look after large real estate companies with a broad portfolio.
- Cash Management
Within the framework of cash management, we take over the monitoring of your liquidity flows with the aim of securing and maintaining your solvency.
Our main task in cash management is the processing of payment transactions. This includes, among other things, checking invoices as well as entering invoices into the banking system with a subsequent release process at our clients.
When checking individual invoices, we also prepare a liquidity plan for our clients at the same time, so that it can be ensured that liquidity is sufficiently secured and that liquid funds continue to be available within the company to the best possible extent, for example by taking advantage of cash discounts.
- Preparation of monthly or quarterly reports
In order to ensure a transparent overview of your properties, we prepare monthly or quarterly reports. In doing so, we already make accrual postings on a monthly basis in order to be able to depict the asset and income situation as accurately as possible.
Due to our reporting, we are also able to generate object-specific evaluations on the basis of cost centres. In order to support you during the current financial year with regard to profit situations and debt ratios, we also prepare up-to-date business management evaluations for you on this basis.
- Support in the acquisition/sale of real estate
For us, comprehensive and all-embracing advice in the area of real estate includes not only support for ongoing processes, but also support in the event of a real estate acquisition and/or sale. We advise and support you, for example, in the case of business disposals as a whole and also reproduce purchase agreements and their content-related provisions in the ongoing property accounting.
Our core competences in the field of real estate acquisition also include the determination of the correct acquisition costs, including ancillary acquisition costs, which are attributable to buildings and land. Furthermore, we are also happy to support you in the calculation of compensation obligations between buyer and seller in the context of ancillary cost settlements.
We offer our range of real estate accounting services from our offices in Frankfurt, Lampertheim and Berlin. Contact us, we will be happy to advise you.
Your personal contact for questions regarding tax advice