Automated bookkeeping system design for a real estate investor
- Location
- Ontario, Canada
- Year
- 2018
- Engagement
- Profitability Improvement: Reporting & Automation
Savvy real estate investor had incorporated a Canadian Corporation to purchase rental properties and test business ideas. Had basic knowledge of bookkeeping and record keeping but did not want to pay for QuickBooks software or similar. Needed a basic bookkeeping setup without monthly fees.
Our team developed a bookkeeping Excel file with General Journal, Trial Balance and key Financial Statements. The file followed standard GAAPs and was easy to use. Users could generate Balance Sheet and Income Statement in PDF format with single click.
Case snapshot
File was developed in less than two days and required no significant revisions
Financial Services
Case snapshot
Received signoff from CPA
Financial Services
Measurable impact
4 yr
Used file for first 4 years of business before achieving enough scale to hire bookkeepers and purchase software
Financial Services