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Workshops & Trainings

QuickBooks for Real Estate & Rental Property Investors

Saturday, December 3, 2022
9:00 AM - 5:00 PM (MST)

Event Details

Keeping track of your real estate finances and tenants is easy with the right tools. Learn the ins and outs of QuickBooks and the basic accounting concepts all business owners need—you’ll thank us come tax season. Set up your accounting no matter what QuickBooks software or version you use and finally get rid of that old shoebox of receipts.

Afraid you’ve got QuickBooks mastered? We’re willing to bet you’re missing something crucial in your accounting process—think about it—when was the last time you paid yourself? Our expert will show you how!

Accounting Concepts:
  • Understanding 4 basic account types, structure and why it
    matters
  • Eliminating the “Shoe Box” Accounting Technique
  • Setting up your company – Rentals versus Fix and Flip
    verses Real Estate “Services”
  • Set up Chart of Accounts
  • Grasping Cash vs Accural Basis
  • Reading and understanding the basics of your financial
    information
Set up for Real Estate Transaction:
  • How to record the purchase of Rental Property versus Fix and
    Flip Projects
  • How to loan money to your business
  • How to record a loan from others to your business for a
    project
  • How to do accounting for a partnership project versus joint
    venture
  • How to set up for “In House” Property Management
  • When to set up multiple companies
Critical Information that must be known by all businesses:
  • When, how, and about filing 1099 forms to your contractors
  • When and how to pay yourself !!!
  • Payroll Issues
  • Contractor Issues
  • Capitalized Expenses versus Repair Expenses
  • Depreciation
QuickBooks Training:
  • Set up and chart of accounts
  • Set up tenants and properties
  • Writing checks and make deposits
  • Auto Mileage tracking
  • Record assets and liabilities
  • Reconile your bank, credit card and loans
  • Customize property reports
  • Prepare financial statements
  • Compare property budget to actuals
  • Tips and Tricks to make QuickBooks easy

For More Information:

Troy Miller
Troy Miller
CEO | ICOR (970)682-4267
Plus Member
Agenda:

9: 00 - 10:00 am |  QuickBooks Online setup and real estate chart of accounts.
                                          A must for all attendees.

10:00 am - 5:00 pm | Learn to be a pro in real estate accounting and
                                                bookkeeping.

BONUS: Private online community to ask your questions.


Must Know Before You Go:
  • This is a hands-on class, bring your laptops!
  • ICOR will have access to power so attendees can charge their laptops
  • ICOR will provide an internet connection for everyone

Our Presenter:

Gita Faust is the owner FastTracConsulting.com, a business process and software consulting firm that grasps difficult real estate and property management accounting concepts and turns a mess of numbers into comprehensive financials so that they can efficiently increase cash flow and streamline their workflow. 

Gita is an Investor, QuickBooks Solution Provider, Intuit speaker, and author of the QuickBooks Bookkeeping for Real Estate and Property Management series for DIY’ers. She also offers several accounting-oriented services including consulting, bookkeeping, cleanup, review, migration, custom programming, integration, data conversion, and support.