5 Tips to Clean Practical Property Bookkeeping
As a property business, you must know things related to company finances. The goal is that as a management you know the company’s financial condition and can take strategic policies so that the business grows. To provide quick financial reports, you’ll need practical and easy property bookkeeping tips.
Practically tidying up the bookkeeping of a property company must be done so that company management can make decisions quickly.
These practical property bookkeeping tips are not only for large property companies but also medium and small companies. If you are a developer, these practical property bookkeeping tips are useful for your developer’s financial reports. Or if you are a contractor or property agent office, these property bookkeeping tips can also be applied.
Practical property bookkeeping tips can be learned so you can analyze company finances quickly without having to wait weeks or months. With practical property bookkeeping tips, the accounting function of your property company can run optimally.
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Here are 5 tips for practically cleaning up property books that can be used for your property company.
Collect and Analyze Transaction Evidence
The first thing that is practical property bookkeeping tips is to always collect and analyze whether the evidence of the transaction that occurred is correct or not. This is actually one of the basics of general accounting lessons. No matter how small the transaction value, whether money coming in or money going out, there must be evidence for the bookkeeping.
Pay Bills Before Due
Also pay attention to your business bill. Whether it’s routine bills such as rent, electricity, water or telephone, or bills from suppliers. Pay before the due date so that transactions are not recorded backdate or backward. This will certainly be a hassle and should be avoided in implementing practical property bookkeeping tips.
Do not delay the recording of transactions
Well … another tip that must also be considered is never to delay recording transactions that occur. Record today for transactions that occur today or at most late the next day. Avoid the accumulation of transactions that have not been recorded so that you are not lazy to do them. If you feel that there are too many transactions, then hire a special employee to record these transactions. Transactions that are recorded include cash out transactions and money in. Do this so that the practical property bookkeeping tips that you will apply can be successful.
Check and check your bookkeeping regularly
By routinely doing checks and checks on bookkeeping, if there are errors in recording it will be quickly found and corrected. Don’t be lazy and delay in checking the books that have been made so that the reports presented are valid reports.