by edbarton | Jan 30, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Building a financial cushion for your business is never easy. Experts say businesses should have anywhere from six to nine months’ worth of income safely stored away in the bank. Suppose you’re a...
by edbarton | Jan 23, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Cash Flow Statement – Investing Section Another portion of the statement of cash flows reports the investment that the company took during the reporting year. New investments are signs of growing or...
by edbarton | Jan 23, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals In an accountant’s reporting systems, depreciation of a business’s fixed assets such as its buildings, equipment, computers, etc., is not recorded as a cash outlay. When an accountant measures...
by edbarton | Jan 22, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Depreciation is a term we hear about frequently but don’t understand. It’s an essential component of accounting, however. Depreciation is an expense recorded at the same time and in the same period...
by edbarton | Jan 22, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals The prepaid expenses asset account works in much the same way as the change in inventory and accounts receivable accounts. However, changes in prepaid expenses are usually much more minor than changes in those...
by edbarton | Jan 9, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in a business. One of the more complicated accounting items is the accounts...
