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 currently raising funds for our upcoming toy & pj drive! We have lots of items location that are super fun for both kids and adults.  All items are NEW and sold by donation. Come check them out at our new location: 479 Winnipeg Street or cheque out the foundation's website www.lhrcommunityfoundation.ca

Ongoing:

We are still accepting new backpacks, thermoses, lunch kits, water bottles, shoes, t-shirts and school supplies for our 'Fill-A-Backpack' program.  Our official launch of this program 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.

We are looking to expand the program to ensure families have access all year.

If you would like to donate or sponsor OR if you know a family that could use our help please contact us at: donations@lhrcommunityfoundation.ca

A HUGE thank you to the local businesses and individuals for helping make this happen

 

WE FILLED 75 BACKPACKS!

 Do you have an organization you like to support? 

Contact us and we may match your donation up to $500!

CPA Penticton
Payroll Penticton

We HAVE MoVED! Catch us @ 479 Winnipeg Street, penticton BC V2A 5M7 The site is currently under RENOVATION so we will be operating by appointment only for the month of OCTOBER

+1 250-770-0184

admin@lhrllp.ca

Hours of Operation

Monday - Friday
TEMPORARILY BY APPT ONLY DUE TO RENOVATIONS

Saturday
TEMPORARILY BY APPT ONLY DUE TO RENOVATIONS

Closed Sundays and All STAT Holidays

 

Contact Us

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