Mortgage Payments can get complicated. We have interest, principal...sometimes even an escrow account. But we need QBO to accurately reflect our mortgage balance. Check out this video where I show you exactly how to add mortgage payments to your books (I even include a game-changing shortcut!)
Every business owner will contribute cash to their own business. This can come in the form of a capital infusion, or just using your personal card for business expenses. This video demonstrates how to track such expenses in QBO.
You can't always get your books 100% accurate throughout the year. Of course we should have day to day processes to help reduce the need for reconciliation...but we'll always have a bit of cleanup.
Luckily for us, we can make use of Journal entries to help move things around and make corrections. We will always need journal entries for transactions like tracking depreciation...but we can also use it for quick fixes. Check out this quick lesson from Real Estate Accounting Bootcamp...make sure you're comfortable making journal entry corrections!
Your Chart of Accounts is the backbone of your bookkeeping architecture. Don’t fall into the trap of creating a “one-dimensional” COA. Prepare your business to scale with a 2-dimensional Chart of Accounts.
Multiple Businesses in one QBO Plus Subscription!!! Such a game-changer! But there's a catch..you MUST be careful with inter-company transactions. Watch this video and you'll be all set!
You bought the land, you’ve built the house, you’ve sold that house…but how do you accurately record all these events in your accounting books?? Check out this end-to-end video where I show you exactly how to record the purchase, development, and sale of vacant land in Quickbooks Online.
I do this on every single Podio build! Importing data is actually the fastest and easiest way to update a bunch of Podio data all at once. Learn how to “stamp” the unique ID of a Podio item so that you can use it as a primary key upon importing.
Google Sheets continues to impress me! When I first discovered Google Sheets ~10 years ago, I thought "Really convenient...but it can't do much". Ever since then, Google has continuously improved its product to create a powerful analytics engine.
In this video I demonstrate the immense power of "Slicer" to visualize and filter your data set!
(NOTE - I make mention of a supplemental video on exporting data from QBO into Google Sheets....check that video out here: External Reporting)
Buildertrend is an amazing tool for planning and managing rehab projects. The feature that pushes BT over the top is its seamless integration with QuickBooks Online. In this video, I’ll show you how to setup that integration for a consistent harmony between project management and accounting tools
Download the Rehab Analyzer here: https://www.incomedigs.com/rehab-property-analyzer
Check out this super thorough excel tool for analyzing rehab properties! Nail your next flip and impress your investors!