Compliance Services

We understand the rhythm of property and similar investments and the underlying financial models. We adjust the accounting system so that it ties in with your financial model and produces meaningful statutory reports for your investment, based on:

  •  the raw data for rental operations as delivered by the property manager;
  •  the capex and re-investment activities overseen by the asset manager;
  • the debt service in accordance with the finance documents.

It is not just statutory accounting. The data will be compiled and stored to grant you a 360° view of all critical performance aspects. Our accounting system is set up to serve as basis for all further reporting and compliance obligations as per your fund articles, finance documents or management agreements such as:

  • conversion into pro-forma US-GAAP or IFRS-reports;
  • calculation of Interest or Debt Service Cover Ratios;
  • figures for non-recoverable operating expense ratios.

Basic Compliance Services

The basic service package comprises an initial set-up and certain ongoing services:

Planning and Implementing an Accounting System

We design an accounting framework reflecting the peculiarities of property investment as well as your reporting and other compliance requirements. As simple as possible and yet sufficiently sophisticated to ensure that we can pull meaningful data from the system and facilitate the work of your asset manager.
We will liaise with your property manager and ensure that the software infrastructure they are using will tie in with the accounting system which we have set up. In most cases, this is a critical interface and of high importance to the quality of the data ultimately available to you. Our experts have designed standard interfaces and are experienced with many different types of property mangers and property management systems.

Basic Ongoing Compliance Services

The basic package for ongoing compliance services comprises:

  •  keeping statutory accounts in Germany;
  •  VAT-filing in Germany;
  •  Trade tax filings in Germany (if applicable);
  •  Corporate Income Tax-filings in Germany;
  •  preparation of meaningful year-end financial reports in accordance with German GAAP which will include property-specific key performance indicators.

Additional Services

 In addition to basic services we offer:

  •  Conversion into pro-forma US-GAAP or IFRS-accounts
  •  Preparation of Half-Year/ Quarterly Financial Reports
  •  Portfolio-wide Consolidation of Financial Reports
  •  Monitoring Key Performance Indicators
  •  Assistance in Management Reporting
  •  Controlling that the assumptions underlying your tax structure (e.g. place of management outside Germany) are complied with by advising on suitable workflows and audit trails ("Dirty Checks")
  • Interest-Barrier Monitoring and other Tax Compliance Work
  •  Calculation of IRR-Driven Distribution Schedules
  •  Transaction Services
  •  Financial Modelling
  •  Assistance with Accounting of Overheads in other Jurisdictions

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