6/6/2011- Real Estate Accounting

                The broker writes many checks each day. He has me enter them into quick books so each withdrawal and deposit are organized. At the end of each month he has taught me to reconcile each account. My broker has many different accounts including apartments, farm property, partnerships, and real estate. There are approximately eight accounts total. He has made me in charge of taking all the checks, income, deposits, and withdrawals to the post office and the bank. I’ve learned that quick books can do payroll and provide full reports. I can look at a profit and loss statement in a matter of seconds. This shows me if the company is overall making or losing money.  It also helps to determine where most of the money is being spent. It also can have you budget your expenses to see if you’re overspending. I can see why my broker and other businesses use quick books because it pretty much provides instant information back to you, which businesses could use to help succeed.