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
5 Signs You're Ready For A Fractional CFO

5 Signs You’re Ready for a Fractional CFO

By Jeff Heybruck Thinking about hiring a fractional CFO, but not sure if the business is ready? While there’s no magic business …

Setting up Quickbooks for Job Costing

Job Costing in Quickbooks: Setup Tips & Best Practices

by Jeff Heybruck Job costing, or the process of tracking the costs and expenses associated with a specific job, project or account, …

How To Run A Business In the Face of Rising Interest Rates

How To Run A Business In the Face of Rising Interest Rates

by Jeff Heybruck Beginning in 2008, financial crises drove down interest rates to just above 0%. Now, for the first time in …