Many mortgages require that you pay a monthly amount toward Tax & Insurance every month. Check out this super simple method for recording these escrow payments as well as the payments coming out of the escrow account

Following up on the Cash purchase, this video demonstrates how to purchase a property with financing. Specifically, we'll hit

1. Capture the Loan as a LT Liability
2. Differentiate loan costs from closing costs
3. Fund the Tax & Insurance Escrow Account
4. How to deal w/ Construction Escrow 5. Adding in Private/ hard Money Loans

Let's get back to basics with a quick-hitting demonstration on how to record the purchase or property in QBO.

1. Generic Chart of Accounts
2. Record the Purchase Deposit Ahead of Time
3. Differentiate between Capitalized and Expensed Closing Costs

By default, QBO will categorize all your payroll costs as Expenses. But what about the labor that we sell to our customers? We should be accounting for that as Cost of Goods Sold. Check out my super quick trick to move a portion of monthly payroll costs from Expenses to COGS

1. The difference between Markup and Margin (and why most get it wrong)
2. The power of cost Codes
3. Projects, Classes or Both?

Forecast and analyze your cashflow with this simple but powerful Cashflow Forecast template. Download the free template here: https://www.incomedigs.com/cashflowtemplate

Save a ton of time by importing your Cost Codes into Quickbooks Online. If you are in the building industry (flipping, renovating, building), you need to track expenses by Cost Codes. Check out my super easy demo on how to get these codes into QBO QUICK!

Real Estate loans always come with an amortization calculator. This video dissects the calculator as I show you step-by-step how to create and customize a loan amortization schedule in Google Sheets or Excel. Download the free template here: http://bit.ly/amortizationcalc

One of the most underutilized features of Quickbooks Online is Products/ Services. In this video, I demonstrate why you MUST be using Products/ Services for your construction business.

ClickUp automations are super powerful and really easy to use. Check out how I use some simple automations to super power my CRM.