Bookkeeping & Accounting Archives

Hiring a Bookkeeper for Your Rental Property Business

You’ve decided it is time to get a bookkeeper for your rental property business – but do you know where to start? It can be a lot to think about, so we’ve put together a guide to hiring bookkeepers for rental property owners.

Signs Your Books Aren’t Ready for Tax Time

Rushing through your tax prep for the year comes with risks, so we’ve put together a checklist of accounting red flags. If your records have any of these issues, your books may not be ready for tax time.

Journal Entry for Selling Rental Property

When you sell an investment property, you need to create a journal entry to record the transaction. There are many factors to consider, but we’ve provided a sample situation and journal entry as a reference point.

Top Five Errors in Rental Property Bookkeeping

There is a lot to keep track of when managing and keeping the books for a rental property investment. Check out our list of the top five bookkeeping errors we commonly see to make sure that you don’t make the same mistakes!