{"id":17406,"date":"2023-11-11T08:31:34","date_gmt":"2023-11-11T08:31:34","guid":{"rendered":"https:\/\/test.newhomeguide.com.au\/?page_id=17406"},"modified":"2023-11-18T17:35:37","modified_gmt":"2023-11-18T17:35:37","slug":"accounting","status":"publish","type":"page","link":"https:\/\/test.newhomeguide.com.au\/index.php\/accounting\/","title":{"rendered":"Accounting"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"17406\" class=\"elementor elementor-17406\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-52462a3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"52462a3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f06a505\" data-id=\"f06a505\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed5c162 elementor-widget elementor-widget-heading\" data-id=\"ed5c162\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Accounting<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ff7c32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ff7c32\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0324985\" data-id=\"0324985\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc70ee3 elementor-widget elementor-widget-text-editor\" data-id=\"fc70ee3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>For many investors, real estate accounting isn\u2019t exciting. Buying, selling, and managing properties are where the fun is \u2013 but bookkeeping? Not so much. However, real estate accounting is where the investing game is won and lost. Keeping track of the money coming in, the money going out, and the data trends is the most critical part of running a successful real estate investment business.<\/p><p>If you\u2019re an investor who manages your own real estate accounting, how can you be sure you\u2019re following the best practices? What should you do to stay on top of your expenses? How can you review performance metrics to ensure your properties are profitable?<\/p><p>We\u2019re breaking down five real estate accounting best practices for commercial real estate investors.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1d118ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1d118ab\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6376bc\" data-id=\"b6376bc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d78328 elementor-widget elementor-widget-heading\" data-id=\"3d78328\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">1. Follow State and Federal Regulations for Real Estate Accounting<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11b80a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11b80a2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-47e1f56\" data-id=\"47e1f56\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7dcb48d elementor-widget elementor-widget-text-editor\" data-id=\"7dcb48d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Real estate accounting can feel tedious because there are a myriad of state and local regulations that will inform how you handle your finances.<\/p><p>Each state\u2019s local real estate commission and other state agencies determine real estate accounting best practices. Before you begin handling the books for your investments, you should be thoroughly familiar with these regulations to ensure compliance.<\/p><p>It\u2019s a good idea to consult with real estate tax professionals or other real estate professionals\u00a0who can inform you about all local and state regulations. Even if you\u2019re familiar with current tax laws for your state, be sure to keep up with any changing tax regulations. New tax laws are enacted more often than you might realize, and not adhering to these changes could be costly.<\/p><p>These regulations should inform your accounting strategies. These codes can often be confusing and cumbersome, so spend some time reading through them to make sure you fully understand what you should be reporting.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-06daa4a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"06daa4a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a79f77f\" data-id=\"a79f77f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e713893 elementor-widget elementor-widget-heading\" data-id=\"e713893\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2. Stay Organized<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67c3e21 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67c3e21\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a07508e\" data-id=\"a07508e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb981ab elementor-widget elementor-widget-text-editor\" data-id=\"fb981ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Real estate accounting requires meticulous organization. Not only will this help you establish performance metrics (more about that below), but it will also help you keep track of important transactions and paperwork. When it comes time to pay taxes, prepare statements for other investors, or produce documentation for an audit, your organizational skills will make these processes much more manageable.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d00e429 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d00e429\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1335f84\" data-id=\"1335f84\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6f58892 elementor-widget elementor-widget-heading\" data-id=\"6f58892\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">TWO PARTS OF REAL ESTATE ACCOUNTING<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ad343cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ad343cf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-13dc6ff\" data-id=\"13dc6ff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7fab927 elementor-widget elementor-widget-text-editor\" data-id=\"7fab927\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Your bookkeeping process should actually be two parts:<\/p><ul><li>The books (your income and expense statements, and history of all transactions).<\/li><li>The supporting documents (receipts, contracts, and any other documentation that supports these transactions).<\/li><\/ul><p>Both of these parts are important to the real estate accounting process. Keeping track of both the financial transactions and maintaining documents that support those transactions will make the entire accounting process much easier.<\/p><p>Today, bookkeeping is easier than ever before. Gone are hand-written ledgers and boxes of receipts. Many reputable programs allow businesses to track expenses, create invoices, and manage receipts digitally. Additionally, many of these programs are cloud-based so that you can access the information from anywhere. Track expenses on your phone, create invoices from home, or allow members of your team to access financial statements from wherever they are.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3f0159d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f0159d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-718a841\" data-id=\"718a841\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9a82693 elementor-widget elementor-widget-heading\" data-id=\"9a82693\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">POPULAR REAL ESTATE ACCOUNTING SOFTWARE<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e90136 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e90136\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e425907\" data-id=\"e425907\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a912c5a elementor-widget elementor-widget-text-editor\" data-id=\"a912c5a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Real estate investors have\u00a0several choices in accounting software. Depending on your needs, you can choose from any of the existing programs or hire a developer to create a custom accounting program for your business.<\/p><ul><li><strong>QuickBooks<br \/><\/strong>QuickBooks has a full suite of real estate accounting, expense tracking, invoicing, and other business tools for real estate investment businesses of every size.<\/li><li><strong>RealtyZam<br \/><\/strong>Designed specifically for real estate investors, property managers, and other real estate professionals who want to track their finances and check performance metrics.<\/li><li><strong>Freshbooks<br \/><\/strong>A great option for smaller businesses. Freshbooks has tools for invoicing, expense tracking, and even tracking time.<\/li><li><strong>Xero<br \/><\/strong>Based in New Zealand, Xero is cloud-based accounting software that helps investors track their expenses and income. The platform also offers a property management app as well.<\/li><\/ul><p>While accounting software is excellent for helping investors manage their books, it\u2019s wise to have hard copies of receipts and other supporting documentation in case you need them. Create a filing system where you can retrieve important information quickly when needed.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-62594ea elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62594ea\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dc74369\" data-id=\"dc74369\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c88ce53 elementor-widget elementor-widget-heading\" data-id=\"c88ce53\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3. Separate Investment and Personal Accounting<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-640e3f0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"640e3f0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a0164a7\" data-id=\"a0164a7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-213b8fc elementor-widget elementor-widget-text-editor\" data-id=\"213b8fc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you haven\u2019t already, set up separate bank accounts for your Investment and personal finances. Without separate accounts, it can be difficult to distinguish which expenses are business-related and which belong to your business.<\/p><p>In addition, creating a separate investment account can help you determine your cash position with just a glance at the account. Plus, separating your finances will make organization,\u00a0tax preparation, and financial statements simpler.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-375116c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"375116c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-64764f8\" data-id=\"64764f8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0a1d837 elementor-widget elementor-widget-heading\" data-id=\"0a1d837\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">4. Know Your Performance Metrics and Review Regularly<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-861b340 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"861b340\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b0af004\" data-id=\"b0af004\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ca77297 elementor-widget elementor-widget-text-editor\" data-id=\"ca77297\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Don\u2019t let your financial position be a surprise. Set up a review routine, and regularly examine your earning statement, expenses, and accounting. This way, if there is a discrepancy or an issue, you\u2019ll catch it quickly. When you do these monthly reviews, check for any outstanding payments, bank errors, accounting errors, or other problems you need to address.<\/p><p>In addition to reviewing your books, it\u2019s also important to track your earning trends and examine your business performance. Accounting software helps you track expenditures and income, but it can also generate data that will help you see the trends and performance of your investments.<\/p><p>Performance metrics, like vacancy rates, cash flow, gross income, and net operating expenses, can help investors determine which properties are the most profitable. These performance metrics can also show where you might cut costs, invest in improvements, or make changes to your investment strategy.<\/p><p>Each month, set aside time to carefully examine your financial statements and performance metrics. A few hours every few weeks can save you huge headaches down the road.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1e11647 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1e11647\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d55139e\" data-id=\"d55139e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-02d6fca elementor-widget elementor-widget-heading\" data-id=\"02d6fca\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">5. Contact a Professional<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aa7822c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aa7822c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e247209\" data-id=\"e247209\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1b4f1f5 elementor-widget elementor-widget-text-editor\" data-id=\"1b4f1f5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Let\u2019s be honest: real estate accounting isn\u2019t for everyone. Bookkeeping can be difficult and tedious. You\u2019ll need to know, understand, and follow tax codes in your state. Then, there\u2019s tracking your expenses and income and deciphering the performance metrics.<\/p><p>All of this in addition to the work you already do buying, selling, and managing your real estate properties.<\/p><p>If you\u2019d rather hire a professional to handle your real estate accounting, you\u2019re not alone. Many commercial real estate investors count on experienced real estate professionals to manage their bookkeeping, track the performance of their assets, and manage their commercial properties.<\/p><p>You might even consider hiring an accountant who checks over your books quarterly or semi-annually to save on cost. If you do choose to work with an accountant, hire someone familiar with commercial real estate investing. These accountants and tax professionals will be familiar with local tax laws and regulations and can help you navigate your bookkeeping accordingly.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Accounting For many investors, real estate accounting isn\u2019t exciting. Buying, selling, and managing properties are where the fun is \u2013 but bookkeeping? Not so much. However, real estate accounting is where the investing game is won and lost. Keeping track of the money coming in, the money going out, and the data trends is the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"redux-templates_full_width","meta":{"footnotes":""},"class_list":["post-17406","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/test.newhomeguide.com.au\/index.php\/wp-json\/wp\/v2\/pages\/17406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test.newhomeguide.com.au\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/test.newhomeguide.com.au\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/test.newhomeguide.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/test.newhomeguide.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=17406"}],"version-history":[{"count":7,"href":"https:\/\/test.newhomeguide.com.au\/index.php\/wp-json\/wp\/v2\/pages\/17406\/revisions"}],"predecessor-version":[{"id":17543,"href":"https:\/\/test.newhomeguide.com.au\/index.php\/wp-json\/wp\/v2\/pages\/17406\/revisions\/17543"}],"wp:attachment":[{"href":"https:\/\/test.newhomeguide.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=17406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}