Real Estate Brokerages
When you’re running a real estate brokerage you need an accounting firm that understands your unique needs, it’s important to work with a firm you trust.
Real Estate Brokerage Accounting
Real estate trust examinations are annual requirements for Real Estate Brokerages and are combined with either Reviewed Financial Statements for Notice to Reader Financial Statements depending on certain criteria. The trust examination includes the Accountant’s Report, Brokerage Report, Exceptions (if any) and set procedures to examine the books and records for real estate transactions to ensure full compliance of reporting requirements with the Real Estate Council of British Columbia.
The annual examination and accountant’s report is done to verify that a real estate brokerage has:
- Maintained its books, accounts and other records in connection with their business as a brokerage as required by the Real Estate Services Act and Council Rules;
- Maintained in its brokerage trust accounts and commission trust accounts sufficient funds to discharge its gross trust liabilities as disclosed in its accounts; and
- Prepared a monthly trust reconciliation for all month ends that occurred in the fiscal year.
For information on what to expect during the examination, please visit Audit Process | RECBC. Examinations can be done at your location OR remotely in our office.
We are experienced in providing the Real Estate Trust Examinations under both Notice to Reader and Reviewed Financial Statements and have experience working with some of the real estate accounting software such as Lone Wolf. Contact us today for a free no obligation quote for your annual trust examination.
CURRENT DRIVES & DONATIONS
WE ARE GETTING READY FOR OUR FILL-A-BACKPACK CAMPAIGN! This drive runs mid July throug August each year. We accept new backpacks, lunchkits, thermoses, water bottles, school supplies, shoes, clothing and cash and then match the donations!
Come check us out at our new location: 479 Winnipeg Street or cheque out the foundation's website www.lhrcommunityfoundation.ca
Our official launch of this program in 2022 was extremely successful, beating our target of 50 backpacks and hitting 75! The backpacks were disbursed to local families and school to help families with the cost of going back to school.
This year we are looking to fill 100 backpacks!
We are also looking to expand the program to ensure families have access all year and not just at the beginning of the school year.
If you would like to donate or sponsor OR if you know a family that could use our help please contact us at: firstname.lastname@example.org
3RD ANNUAL TOY & PJ DRIVE
WITH YOUR HELP, WE PROVIDED 16 FAMILIES WITH FULL CHRISTMAS HAMPERS INCLUDING GIFTS FOR ALL FAMILY MEMBERS AND GIFT CERTIFICATES FOR FOOD.
IN ADDITION WE WERE ALSO ABLE TO PROVIDE INDIVIDUAL ITEMS TO OTHER INDIVIDUALS AND ORGANIZATIONS WITHIN OUR COMMUNITY.