Accounting is important for the real estate business as an investment in a property is directly related to the financial aspect of any organization. Analyzing profit & loss, handling income & expenditure, and evaluating property’s value determine the success of any business. Consequently, it is crucial to maintain books of accounts. There are various sectors like real estate agencies, construction firms, housing associations, and investment trust managers that need to practice real estate accounting. http://www.apsense.com/article/role-of-real-estate-accounting-its-significance-in-business.html
