Accounting for the real estate industry

You will receive a structured introduction to the basics of double-entry bookkeeping, including setting up a chart of accounts, posting common business transactions such as rental income and operating costs, and the importance of commercial and tax regulations. This will give you an understanding of how postings work in practice and how they affect the balance sheet and income statement.

With the knowledge you gain, you will be able to independently post typical business transactions, organize documents more effectively, and improve collaboration with tax advisors or your commercial management team, as you will be able to argue your case with technical expertise and avoid mistakes.

Because the chart of accounts is specifically tailored to real estate transactions such as rent and operating costs. Understanding this chart of accounts helps you to allocate entries correctly and apply the special features of real estate accounting correctly.

Many people make accounting errors when distinguishing between income and expenses or when posting fixed assets. The training practical examples and exercises to teach you how to recognize and avoid such errors.

Upon completion, you will have a solid foundation of knowledge and practical experience in typical accounting procedures, enabling you to feel more confident in posting business transactions and communicating with other departments immediately afterward.

You will build on this and learn specifically about the particularities of accounting in the real estate and housing industry, which will enable you to competently take on industry-specific tasks.

Because you understand their technical language and requirements and prepare the appropriate documents for your real estate matters, which leads to more efficient and clearer coordination.

Basic knowledge of commercial processes is helpful, but not essential. The training also explicitly training at newcomers re-entrants who want to build up their basic knowledge.

With sound accounting knowledge, you will be more versatile, able to confidently take on financial and accounting tasks, and qualify for more advanced roles or responsibilities.

You recognize which preparatory entries are relevant for the annual financial statements, understand the effects on the balance sheet and income statement, and can carry out preparatory tasks independently and correctly.