Partnership & joint ownership accounting
When several people or businesses invest together, everyone needs a clear picture of the money contributed, the income earned, the costs incurred, and the amounts distributed. We organize that information so you can manage the venture and keep participants informed.
Whether you operate a limited partnership, collaborate on a joint venture, or co-own a property, we tailor the accounting to your structure, agreements, and reporting needs.
We support general partners and those managing limited partnerships with bookkeeping, partner capital tracking, financial reporting, and applicable partnership tax filings. Organized records help explain how the partnership is performing and how activity affects each partner’s account.
We help participants coordinate the accounting for a shared project or business activity. From project costs and funding to participant reporting, we organize the records needed to understand the venture’s results and each participant’s share.
Co-owned properties require a clear record of rental income, operating costs, financing, and owner contributions. We help co-owners understand property performance and track their respective shares of financial activity.
We review the actual arrangement and supporting agreements to determine the appropriate accounting and filing approach.
Keep transactions, bank accounts, and supporting records organized. We reconcile activity and track amounts owed between the venture, its participants, and related entities.
Track who contributed funds, how income and expenses are allocated, and what has been paid out. We distinguish cash distributions from income allocations so participant reporting is easier to follow.
Bring together acquisition, construction, financing, rental, and operating activity. Reporting can be organized by property, project, or phase to help you understand costs and performance.
We prepare financial information for partners, owners, and management, including periodic reports where needed. When compiled financial statements are appropriate, we can coordinate a compilation engagement.
We prepare applicable partnership returns and slips and organize financial information for participant-level reporting. The work is tailored to your structure and filing requirements.
We help assess GST/HST registration, reporting responsibilities, and eligible input tax credits. For property and joint venture arrangements, we also review transaction-specific considerations and whether an available election may be appropriate.
Property investments often bring together multiple owners, sources of funding, and reporting expectations. We help keep the accounting organized throughout acquisition, development, rental operations, and sale.
When a property’s use or ownership changes, we help assess the accounting and tax implications and coordinate with your legal advisers where needed.
Keep a clear record of contributions, advances, allocations, and distributions so participant balances are easier to explain.
See the income, costs, and financial position of the venture, with reporting organized around the properties or projects that matter to you.
Consistent records and coordinated reporting help reduce repeated information requests between management, participants, bookkeepers, and tax preparers.
Your partnership or property investment may involve corporate participants, holding companies, and external bookkeepers. We can coordinate the venture’s reporting with corporate tax preparation and compilation services, or work alongside your existing accounting team.
Tax preparation and planning for corporate partners, participants, and related companies.
Compiled financial statements and ongoing accounting support where needed.
Tell us about your ownership structure, properties or projects, and reporting needs. We’ll help identify the accounting and tax support that fits your arrangement.
