Property Management Accounting: The “Boring” Side That Makes or Breaks
Monday, May 04
Most real estate investors love talking about acquisitions, ARV, cap rates, cash-on-cash return, construction budgets, and how to find the next deal. But I’ll be honest: a lot of money is won or lost after the deal closes. That’s where the accounting and operational side comes in. I’ve seen inves...
Understanding Cash Flow Statement
Sunday, November 22
The cash flow statement sometimes is another financial statement that investors should become familiar with. It is another tool for managers and investors that shows how changes in the balance sheet and income affect cash. The cash flows are broken down into three parts: operating activities, inv...
The Forgotten Financial Report
Thursday, November 19
A lot of the time, investors seem to forget about one of the most important report...Balance Sheet. The balance sheet is important to business operations in general. It provides a snapshot of what the company owns and what they owe to outside sources. The balance sheet is also known as a profit a...
The Famous Equation of Accounting
Wednesday, November 18
As an entrepreneur, who are thinking of going into business, or who is already conducting business, you have to start learning about the basic concepts of Accounting because they are the concepts that are used in reporting your business activities to the government come tax time. It is time you m...
Small Business Credit Cards for Accounting
Wednesday, November 18
Jaded by a routine 9 to 5 job? Stifled by your thankless work? Have you bartered your dreams away for an emotionally unsatisfying life? If you have finally decided to wrench yourself free from your shackles, it is time to take stock financially and see how small business credit cards can actually...
Accounting and Accountants
Wednesday, November 18
Accounting is a very important part of a business. As an entrepreneur, you either do it yourself or get someone else to do it for you. I have included this article for freelancers to have a very broad outline of the accounting profession. With this you can at least appreciate the discipline as we...