A Survival Guide for Non-accountants
In this day and age, we’re lucky to have software that takes care of the nuts and bolts of property management accounting. But even with software, you’ll find it much easier to keep accurate records if you have an understanding of the basic accounting concepts upon which these programs are based. Buildium’s Property Management Accounting teaches you these concepts with property management specifically in mind. Don’t worry if you don’t have an accounting degree or previous bookkeeping experience. This guide will arm you with all the information you need. And if you do have an accounting background, you’ll find some great refresher information inside as well.
This book is great if you already have an understanding of accounting principles. The author moves very fast and did not provide the depth of knowledge I was hoping for. The books strong suit is that it very clearly breaks down each transaction you will write into it’s various components and heavily emphasizes the difference between debit and credit. However in the practice section the reader must understand enough to complete it and no good answers are given. There is a fairly good section of sample in the appendix. Overall I would probably not recommend this book to an accounting novice (though it is positioned toward such). I would however recommend this book to anyone who is familiar with accounting or book keeping and is looking for a quick refresher course. The entire book can be read in a half hour.
I was not paid, asked to, or provided any incentive to publish a review of this book