1 / 10

Bookkeeping Services for Real Estate Investor

If you are a real estate investor, it is highly recommended to set up a robust rental property accounting system to ensure the smooth running of your business and track your progress. Hence, Bookkeeping for Real Estate investors can help in monitoring the income and expenses and separate personal and business accounts effectively so that the company can run efficiently.

JDKAccounting
Download Presentation

Bookkeeping Services for Real Estate Investor

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Bookkeeping Services for Real Estate Investor

  2. Bookkeeping Services for Real Estate If you are a real estate investor, it is highly recommended to set up a robust rental property accounting system to ensure the smooth running of your business and track your progress. Hence, Bookkeeping for Real Estate investors can help in monitoring the income and expenses and separate personal and business accounts effectively so that the company can run efficiently. As a trusted advisor, JDK Accounting , Inc., has over a quarter of a decade of experience in accounting services and their team of experienced and trusted advisors are available to provide Online Bookkeeping Services for real estate investors.

  3. Tips for choosing Bookkeeping for Real Estate Investors:

  4. Maintaining Records: Keeping records of various transactions enables you to create a back-up in case you need to substantiate a tax deduction claim; hence, saving both time and money.

  5. Choosing an appropriate Accounting Method: Another important tip is to select the correct accounting method for recording transactions. For a well-established real estate business, where income and expenses can be recorded as they occur, not limiting it to when the cash is received or paid, the Accrual Method of accounting can be adopted. However, for a smaller set up with restricted cash flow, Cash Method is preferred to know the exact cash at any given moment.

  6. Separate Property Accounts: Maintaining different property accounts for each property will ensure ease in reconciling the income and expense statement and the profit and loss statements. Also, it is advisable to maintain a separate file for all the supporting documents for each transaction.

  7. Installing the right accounting software : In times of digitization, installing the right accounting software can be highly useful in recording transactions. Some renowned and user-friendly accounting software like QuickBooks can help in systematically record the sales and avoid overlapping.

  8. Getting a Professional Onboard : Another crucial aspect is to get a CPA (Certified Public Accountant) specializing in real estate on board. After all the hard work you put in to ensure the records and transactions are maintained accurately, a CPA will guide you through filing taxes and implementing the accounting practices correctly.

  9. This is where the team of experts in accounting from JDK Accounting services creates a value add in Real estate Bookkeeping Services by helping in analyzing the financial performance of the business. Get in touch with our Certified Accountants and we will get back to you within 24 hours!

  10. Contact us Here: Website : www.jdkaccounting.com Email: info@jdkaccounting.com Phone: +1 (743) 333-3347

More Related