Real Estate Bookkeeping (???? ?)

Real Estate Business – ??? ? ??????? ?????

????? ????? ???? Real Estate Business ?? ??????? ???? ????? ?????? ?????? ??? ???? ????? ?????? ?? ??????? ??? ??? ????? ?????? ??? ?????

????? ???:

1. Rental Income
2. Sales Revenue
3. Management Fees
4. Development Profits

??????? ???:

1. Mortgage and Loan Repayments
2. Repairs and Maintenance
3. Taxes and Insurance
4. Marketing and Advertising

Operational Types:

• Cash Basis: ?????? ??? ??? ????? ????? ?? ??? ????? ???? ?????? ??? ????
• Accrual Basis: ?????? ??? ??? ????? ???? ?? ???? ??? ????? ??? ?????? ??? ????

???????????? ??? ???? ???? ???? ???? ???:

• Bank Statements
• Rental Agreements
• Sales Contracts
• Expense Receipts

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Bookkeeping Process

Bookkeeping ???? ???? ???? ?????? ?????? ??? ???? ????????????? ????? ?????? Bookkeeping ???? ??? ??? ??????? ?????? ??? ???:

????????? ??????: Bank Statements Lease Agreements Settlement Statement or Closing Statement or HUD-1 Form. Tax Documents

Categorization:

1. Money In: Rental Income, Sales Revenue, Management Fees, Loan Disbursement, etc.
2. Money Out: Purchase of Property, Title Insurance & Fees, Closing Costs, Legal and Due Diligence Fees, Appraisal and Inspection Fees, Rehabilitation Expenses, Capital Improvements, Development Costs, Leasehold Improvements, Repairs & Maintenance, Mortgage Repayment, Mortgage Interest, Escrow Payments (Property Taxes & Insurance), Property Management Fees, Real Estate Agent Commission, etc.
3. Reports: Profit and Loss Statement, Balance Sheet and Cash Flow Statement.

Note for Accountants and Bookkeepers:

• Proper categorization ensures accurate financial reporting and tax compliance.
• For tax purposes, distinguish between Capital Expenditures (e.g., major renovations) and Operational Expenses (e.g., utilities, repairs).
• Use Job Costing for properties under development or significant improvement.
• Utilize classes, locations, or project tracking in Accounting software for better analysis.

This list is flexible and can be customized based on the specific activities of the Real Estate company.

Bookkeeping-?? ?? ??????? ????????? ?????? ???? ???? ????????? ??? ??????? ?????? ?????? ???????? ???????? ????? ?????

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