BOOKKEEPING AND FINANCIAL STATEMENTS
Debits, Credits, and More
The realm of bookkeeping and accounting is seen as a complex, highly specialized function. While many aspects of bookkeeping may be beyond your interest level and experience, you do need to master the basics in order to know how to track your real estate investments.
The level at which you need to master this is not complex or overly technical. Knowing the basic theory, the key ratios, and types of analysis should be enough. Real estate investors face more bookkeeping complexities than most other investors because the tax rules are also complicated. In this chapter, you will ...