How to Outsource Your Accounting with Matthew Lipman

This is part one of a two-part episode where I interview Matthew Lipman about the essential, often complex world of accounting in real estate. The conversation opens up with insights on how many real estate professionals often put accounting tasks on the back burner until absolutely necessary, and the potential pitfalls of this approach. Matthew, who has extensive experience in the accounting industry including a significant stint at Deloitte, shares his journey into creating his own firm, MogulCPA, which specializes in offering streamlined accounting services for real estate businesses.

The discussion delves into the concept of "virtual CFO services," a niche Matthew has carved out to help real estate developers and managers handle comprehensive financial operations without needing in-house accountants. This service covers everything from payroll to reconciliations and financial reporting, aiming to alleviate the burdens of accounting from the clients. Matthew emphasizes the importance of proactive accounting practices that do more than just prepare tax returns at the end of the year, suggesting that effective accounting can significantly enhance the strategic management and growth of a real estate business.

What you will learn if you listen to the episode:

- The importance of not delaying accounting tasks in real estate?

- Matthew Lipman's background and transition to founding MogulCPA?

- Overview of virtual CFO services for real estate businesses?

- Benefits of proactive accounting for strategic business management?

- Preview of continued discussion on accounting in part two of the podcast

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