Categoría: Bookkeeping

Content Make more money? Start With a Property You Own Timely Monthly Financial Reports Conduct a Monthly Review An accountant carefully analyses different interest rates on credit cards and mortgages and helps you transfer your high-rate accounts and balance to zero interest rates. Anyone who is involved in managing properties must hire an accountant forreal… Seguir leyendo The Ultimate Guide To Property Investment Accounting

You may notice that all three methods use the same accounts for the adjusting entry; only the method changes the financial outcome. Also note that it is a requirement that the estimation method be disclosed in the notes of financial statements so stakeholders can make informed decisions. In the allowance method for bad debts, the… Seguir leyendo Where Bad Debts Goes in Balance Sheet Accounting Education

Content Don’t give away the store on rents Are you looking to invest in rental property? A Succession Checklist for Real Estate Families Continuing Education Costs REAL ESTATE ACCOUNTING Key Elements of Real Estate Compliance An entity recognizes revenue from services when the performance requirement is met. The standard rule of documenting asset transfers at… Seguir leyendo 7 Advanced Real Estate Accounting Concepts