ID INSIGHTS

 
Quickbooks Online: Real Estate Investing Setup Nov 17, 2023

Quickbooks Online is perfect for RE Investing if setup correctly. Check out these three foundational tips for getting QBO setup correctly.

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How to Start Over with Quickbooks Online Nov 09, 2023
My students always ask: "What do I do w/ my old data? I want to start fresh w/ QBO...but I have a ton of history to deal with". Use a simple journal entry instead of going back and slogging through...
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Cash at Closing Does Not Equal Profit accounting qbo Nov 05, 2023

Its a very common question I get: Why is my cash at closing not the same as the Net Profit on my P&L??

Investors have long been trained that the cash they receive after closing the sale of...

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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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