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Best Real Estate Accounting Tips for Agents and Brokers

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Setting up your real estate accounting system the right way will enable you to minimize the labor and stress involved in large-value transactions, extreme income fluctuations, employee pay formulas, and government regulations. Government bodies (e.g., Reconcile Your Bank Account Every Month. Property management.

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Vocabulary Guide

Accounting Seed

GL Account / General Ledger Account Textbook Definition A data record used to classify, sort, and summarize a company’s accounting transactions. Street Definition The method of accounting that small business owners use if they don’t value financial data in making decisions to grow their business.