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[Music] welcome and thank you for joining this session today my name is marcus rutherford and ive been with yardy systems for six years currently i am a senior corporate trainer on the corporate training team today we are going to cover some basic accounting concepts which will help you understand a bit about what your software and your accountant is telling you about your business at the end of the presentation i will provide you with an email address in case you have any questions now that youve gotten involved in real estate and property management do you ever find yourself wishing you had paid closer attention in accounting class although property management ultimately deals with people and where they live or a space that a business occupies at its core its simply accounting lets talk a little bit about the accounting system that the world uses today its called double entry accounting and it was first developed back in the 15th century by a friend of leonardo da vinci named l