QuickBooks for Real Estate & Rental Property Investors

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