What is Portfolio Accounting Outsourcing ?
Investors now function in very complex financial situations. They have to juggle diverse investments in multiple portfolios and they need access to a variety of accounting tools. Be it an individual, investment firms or insurance companies, they might not want the expense of an in-house accounts managing and auditing team. This is where portfolio accounting outsourcing comes into play.
Portfolio accounting outsourcing services include a vast range of accounting solutions for firms. It could mean handling functions like contract auditing, asset administration (which includes processing of new leases, renegotiations, renewals, terminations, equipment sales etc), sales invoicing, cash receipts' application, collections, lease reconciliation, reporting on delinquencies, cash receipts, invoicing, calculating depreciation, sales and property taxation, lease earnings, or cash flow projections, maturing leases, renewal status, insurance expiration and document management.