Time Consuming Bookkeeping

Real Estate Investment

Time Consuming Bookkeeping

The Situation

  • Owner doing bookkeeping work for real estate investment firm
  • Required 6-8 hours of owner time each week
  • Significant delays in preparing tax returns and sharing financial reports with investors

The Solution

  • Client outsourced entire accounting department to Lucrum Consulting
  • Standardized chart of accounts across all companies simplifies coding of expenses.
  • Client has specific, strategic involvement only to provide complete control and financial security yet require minimal time

The Results

  • Owner has additional half day of productivity each week
  • Greater efficiencies reduced cost to client by 31.5% within 90 days
  • Accounting function now requires less than 4 hrs week

Leading Confidently

means having a plan

Become a Success Story
Recent Articles
Fractional CFO vs Interim CFO vs Part-Time CFO

Do I Need a Fractional CFO, Interim CFO or Part-Time CFO? What’s the Difference?

by: Lucrum Staff As a business scales, it reaches a point where more financial expertise is needed than existing resources can provide. …

Tempering Sales Optimism With Reality

When To Politely Turn Down A New Business Opportunity

By: Jeff Heybruck New business opportunities are, for good reason, exciting. But wise business leaders are able to take off the rose-colored …

QuickBooks Online Disaster Stories

QuickBooks Online Migrations Gone Wrong: 3 Cautionary Tales

by: Lucrum Staff With the approaching end of QuickBooks Desktop, more and more organizations are considering Intuit’s cloud-based QuickBooks Online. Our team …