REI Bookkeeping Audits

Validate Your Finances for REI Success with Lochside Accounting

As a real estate investor, inaccurate bookkeeping can sabotage your business.

Hidden errors, misclassified transactions, or overlooked discrepancies cloud your profits, jeopardize tax filings, and undermine your decisions.

Lochside Accounting’s REI Bookkeeping Audits Service delivers a thorough review of your books, ensuring accuracy, compliance, and clarity for your rentals, flips, or syndications.

With our CPA partnership, we provide audit insights that set you up for seamless tax prep and confident growth.

Your Bookkeeping Risks, Eliminated

Hidden Errors

Unreconciled accounts or incorrect categorizations distort your financial picture, leading to costly mistakes.

Tax Vulnerabilities

Inaccurate records risk missed deductions, IRS penalties, or audits, draining your resources.

Decision Uncertainty

Without reliable data, you can’t trust your deal performance or portfolio health, stalling your strategy.

Our REI Bookkeeping Audit Services

Every audit is customized to your REI portfolio, including:

Deep Review: Comprehensive analysis of your bookkeeping records to identify errors or inconsistencies.
Account Verification: Reconciliation of bank, credit card, and escrow accounts to ensure alignment with QuickBooks.
Transaction Accuracy: Validation of categorizations and journal entries for precision across properties and entities.
Chart Compliance: Assessment of your REI chart of accounts to confirm alignment with operations and tax strategy.
Mortgage Integrity: Review of mortgage payments and escrow accounts to verify correct principal and interest splits.
Closing Accuracy: Audit of closing documents (e.g., HUD statements) to ensure all deal transactions are captured.
Co-Mingling Check: Detection and flagging of co-mingled funds across personal or business accounts for compliance.
Profit Validation: Property-specific profitability and financial statement review to confirm accurate performance data.
Tax Alignment: Evaluation of expense categorizations to optimize deductions for CPA tax prep handoff.
Portal Transparency: Cloud-based portal access for audit progress updates and document sharing.

How Lochside Ensures Your Financial Accuracy

Our REI Bookkeeping Audits Service is built for investors like you—landlords, flippers, wholesalers, syndicators, and more.

We meticulously examine your books to deliver trust and clarity:

✓ Thorough Audit

Uncover errors, gaps, or misclassifications in your QuickBooks or existing records.

✓ REI Expertise

Validate records with a deep understanding of rentals, flips, and commercial deals.

✓ Actionable Insights

Provide a detailed report with findings and recommendations to fix issues.

✓ Tax Confidence

Ensure books are tax-ready, with adjustments aligned for our CPA partner’s tax prep.

✓ Reliable Data

Confirm profitability and cash flow metrics to support data-driven investment decisions.

✓ Future-Proofing

Offer guidance to maintain accurate books, whether with us or another provider.

Why Choose Lochside?

REI Specialists: Our expertise in real estate investing ensures audits that catch nuances generic bookkeepers miss.
Time Savings: Avoid hours spent hunting errors, freeing you to focus on deals or family.
Financial Trust: Gain confidence in your profits, cash flow, and portfolio performance for strategic moves.
Seamless Tax Prep: Our CPA partnership delivers audit-ready books, eliminating the need to find a separate CPA.
Veteran-Owned Precision: As a 100% veteran-owned business, we bring discipline and accuracy to every audit.