The Blog

 
Classes Vs. Locations accounting Oct 15, 2023

You should not be using Locations to track property-specific transactions! Instead, use Classes or Customers. I show you why in this video!

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Repair vs. Capital Improvement: How to Track in Quickbooks Online Oct 06, 2023

Without question, one of the most common questions among real estate investors and their bookkeepers is: "Should I capitalize this cost or deduct it as an expense" I'll break this down and show you...

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How to Setup Mortgage Escrow in Quickbooks Online Sep 29, 2023

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...

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QB Online for RE Investors - Purchase Property with Financing Sep 15, 2023

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...
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QB Online for RE Investors - Purchase Property with Cash Sep 15, 2023

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...
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