A free sample from chapter 2 Accounting Fundamentals of our Landlord / Property Management in QuickBooks guide.
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Chapter 2. Accounting Fundamentals
2.01 Why Does a Landlord or Investor Need Accounting?
2.02 The Basic Accounting Equation
2.03 What is an Account?
2.04 What is The Chart of Accounts?
2.05 Debits and Credits
2.06 Introducing the Balance Sheet
2.07 Introducing the Income (P & L) Statement
2.08 The Sum of all Debits = the Sum of all Credits
2.09 What is Double-Entry Accounting?
2.10 Cost Basis and Adjusted Basis of Property
2.11 What is Depreciation?
2.12 What are Capital Improvements versus Repairs?
2.13 Cash Accounting, not Accrual