Introduction

Byte offers a broad range of Finance & Accounting services to support companies across the world. In addition to plain vanilla financial and accounting services Byte has unique capabilities to service companies involved in real estate business. We help real estate companies, property management firms, property investors and other players to streamline their accounting and finance functions across the spectrum from basic book keeping to advanced financial analysis. Given below is an indicative representation of the nature of services offered by us.  
 

Service Offerings
 

We have classified the service offerings under two broad heads namely - Accounting Services and Financial Analysis & Management. Accounting Services involve operational accounting aspects such as Accounts Receivables, Accounts Payable, Bank Reconciliation and various other regular accounting operations to start with and moving up to budgeting, portfolio accounting, and other sophisticated requirements. Financial Analysis & Asset Management on the other hand assists companies to take financial decisions such as acquisition, investment or divestment, and also to monitor or assess the performance of a property/asset/entity. This may involve using financial tools such as NPV, IRR, cash flow forecasting, property valuation techniques and various other financial metrics.  
 

Accounts Receivable: Comprehensive analysis of accounts receivable and analysis of aging of receivables, follow up, etc

Accounts Payable: We keep track of vendor accounts, process invoices, manage cash outflow judiciously and optimize use of resources

Fund, Portfolio & Partnership Accounting: We can prepare individual and consolidated group accounts depending on the entity type and structure to suit client requirements in line with regulatory standards.

Investor Reporting: In addition to presentation of standard periodic financial statements, reports we also provide customized analysis of various financial metrics and parameters depending on the specific requirement.

Bank/Accounts Reconciliation: Accounts Reconciliation process ensures that there are no unexplained deviations across accounts. On the other hand timely bank reconciliation process ensures synchronization of book balances and bank balances.

Budgeting & Variance Analysis: We assist in preparation of budget for revenue as well as capital items that can help in financial planning and allocation of resources. We also provide comparative analysis to find the variances between budgeted expenses and actual expenses and also help deduce the reasons for such variance.

Financial Modeling (Partnership & Development Models): Modeling involves assessment of a deal based on various financial and spatial parameters of a transaction. This involves forecast of revenue and cost factors over a stipulated period to derive the net cash flows. The cash flow patterns could also be influenced by the type of development and the terms of partnership between the partners in a deal.

Valuation Support: Involves use of NPV and capitalization techniques to estimate asset values.

Acquisition and Disposition Support: This involves assessment of a property prior to its acquisition to enable investment decisions. Where the properties are already in the books using financial metrics and other data some properties can be monitored and identified for disposal at a suitable value.

Hold/Sell Analysis: Involves keeping track of actual and projected IRR to enable hold/sell decisions.

Asset Business Plans & Forecasting: Asset Business Plan provides a common direction for the management, operation, and use of assets. Forecasting would reveal the future financial prospects of the asset in terms of income generation, value addition and can also help identify a suitable exit strategy.

Returns Analysis: Involves analysis of returns over different periods to gauge the performance and its consistency.

Tools/Applications used:

Yardi, Quick Books, Argus, Dyna, MS Excel. These are some of the tools we have worked with. However, we are also flexible to work with other proprietary tools that clients may be using.
 

Benefits: