Section 5. List Of Real Estate Records

Description

This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.

Section 5. List Of Real Estate Records

The following list is intended to include the more important books and records required in the many ramifications of the real estate business. The list looks formidable, and in practice no office, save perhaps a few of the largest, would use them all. All are needed, however, somewhere, at some time, to record adequately the numerous and varying transactions of real estate.

1. Corporate Records:

Minute Book

Stock Certificate Book

Stock Record or Stock Ledger

Subscription Ledger

2. General Books of Account:

General Receipt Book Cash Book Petty Cash Book Superintendent's Cash Book Journal General Ledger

3. Sub-Ledgers:

Mortgages Receivable Ledger Mortgages Payable Ledger General Contracts Ledger Commissions Payable Ledger Brokerage (Commissions Earned) Ledger Subdivision Customers Ledgers

4. Property Records:

Report of Real Estate Transactions

Property Index