Real Estate Accounting Guidance
If you want to have responsible accounting practices, you need to do things like improving cash flow, tracking recurring payments, and collecting rental payments on time. Real estate funds and payments should be kept separate from personal income and expenses. An accountant can create a bookkeeping and accounting plan that will help you run your rental business.
Charts
Bookkeeping involves keeping track of when tenants make payments and alerting clients who have fallen behind on their rent.