by edbarton | Feb 6, 2022 | Accounting Basics, Accounting Software For Real Estate
Basic Accounting Principles for Real Estate Professionals You’re mistaken if you think starting your own business is a cakewalk. Aside from developing suitable products and services, you still need to sell them to the market. One of the essential factors in...
by edbarton | Feb 6, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals It might seem obvious, but it’s essential to understand how the business makes a profit in managing it. A company needs a good business model and a reasonable profit model. A business sells products or...
by edbarton | Feb 6, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals If a business breaks the rules of accounting and ethics, it can be liable for legal sanctions against it. It can deliberately deceive its investors and lenders with false or misleading numbers in its financial...
by edbarton | Feb 6, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Accounting fraud is deliberate and improper manipulation of the recording of sales revenue or expenses to make a company’s profit performance appear better than it is. Some things that companies do that...
by edbarton | Feb 6, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Independent CPA auditors are like referees in the financial reporting arena. The CPA comes in, audits the business’s accounting system and methods, and gives a report attached to the company’s...
by edbarton | Feb 6, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Acid Test Ratio Investors calculate the acid test ratio, also known as the quick or pounce ratio. This ratio excludes inventory and prepaid expenses, which the current ratio includes, and it limits assets to...
