image

CHAPTER 8

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 ...

Get The Real Estate Investor's Pocket Calculator, 2nd Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.