We had the opportunity to sit down with Trevor McCandless from Fusion CPA where we talked about accounting, tax planning and closing out the year. The session was targeted at real estate owners.
Are you tracking your tenant security deposits? This is a must-do activity for anyone that owns real estate.
While real estate deals are often quite complex and have many different factors, the actual accounting isn’t nearly as complicated as it seems. We break it down here. There are two key questions to ask yourself first in order to do the accounting properly for your real estate business. Define the Purpose of Your Real […]
More frequently we are being asked by our customers if they should convert from QuickBooks Desktop to QuickBooks Online.
Today we are walking through a step-by-step process on how to set up a chart of accounts for a real estate company using QuickBooks Online. Get your free copy of a sample chart of accounts for a real estate company at the bottom of the blog.
What is the difference between the direct cash flow method and the indirect cash flow cash flow method? And, more importantly, how do you calculate them? And, finally, what does this have to do with my cash flow statement?
In the Setting up a Chart of Accounts for your Real Estate Management Company blog, we talked high level about setting up a Chart of Accounts for a real estate company. This time we are taking it one step further and we are walking you through the process, step by step for QuickBooks desktop. You […]
One of the first things you will do in any accounting system is set up your chart of accounts.