Quickbooks Online for Real Estate Investors: Classes vs. Customers

 

It's time to settle the ongoing Quickbooks/ Real Estate debate! How do you separate project-specific reporting? By customer or by class? Here I discuss the pros and cons of each strategy while ultimately delivering my personal recommendation... (Hint....the customer is always right!)

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Quickbooks Online for Real Estate Investors: Translate an HUD to QBO

 

The most common question regarding REI accounting: “How to translate an HUD?” Here it is! A step by step guide to recording the purchase of property!

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Quickbooks Online for Real Estate Investors: Accepting Payments from Tenants

 

We all love QBO to manage our rental business. The best part is getting paid! This video demonstrates how to properly account for these rental payments to keep your business organized and your cashflow humming!

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Quickbooks Online: Construction Loans and Budget

 

It’s common to finance your rehab with a private or conventional construction loan. Learn how to track this loan and subsequent draw payments. PLUS - we start the conversation on the pros and cons of QBO budgets.

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How to Manage Tenant Accounts Receivable in Quickbooks Online

 

Perhaps the most crucial role of any property manager is corresponding with and collecting rent from tenants. Quickbooks Online has amazing accounts receivable functionality built right in! In this video, I'll show you how I use QBO to track my tenant rent balances, add late fees and send reminders.

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How to Setup Your Quickbooks Chart of Accounts for Rental Properties

 

Update: Audio has been fixed. Enjoy watching!

Reduce time preparing your taxes...set up your chart of accounts to map directly to your IRS forms! Check out this demo where I show you how to establish your COA for Rental Property Management!

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Real Estate Accounting - Tracking Rehab Expenses Part 2

 

Year end accounting can be a real nightmare...am I right!? In this video I show you how to make Year End journal entries to make sure your capital improvements are accounted for in the right way. This video follows up on the concepts discussed in Real Estate Accounting - Tracking Rehab Expenses (Part 1), where I introduced the concept of using Products and Services to track your rehab expenses in greater detail. 

Make sure to download the free list of Products & Services to import directly into QBO!

Enjoy...and please let me know what else you'd like to see me do in Quickbooks Online! 

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