What Are Debits and Credits?

What Are Debits and Credits?

If you are a business owner, you likely have numerous business transactions that have an impact on your financial statements. In order to accurately account for all these business transactions, numbers are recorded in two different accounts: the debit column and the...
How to Read a Profit & Loss Statement

How to Read a Profit & Loss Statement

Most business owners and entrepreneurs start companies because they are passionate about the service or product they offer. It is safe to say that most business owners are not equally as passionate about accounting. Therefore, in most cases, entrepreneurs and business...
Bookkeeping Basics for Real Estate Investors

Bookkeeping Basics for Real Estate Investors

If you want your real estate investing business to be efficient and grow, you should be aware of both your personal and business finances on a monthly basis (if not more frequently). Efficient real estate bookkeeping is perhaps the most important aspect of your...