Improper tracking of rental income means you cannot easily determine who paid for what and when. This tracking is critical in a real estate investment. Tracking your income starts with creating Income Items and Invoicing correctly.
Many investors find that purchasing a new commercial property is easy. But the next step, recording the purchase as a fixed asset in QuickBooks, can be complicated and confusing.
We all know why security deposits exist. They function as insurance for the landlord that their property will be taken care of while the tenants live there.
Many people have criticized QuickBooks for its shortcomings as a real estate and property management software that is until now. Many real estate owners begin with QuickBooks.
There’s a hefty amount of paperwork involved in commercial property management. As challenging as it can seem sometimes, it’s important to be thorough.
How we live, work, and interact with the structures around us is facing an evolution. Here are a couple of ways technology is reshaping Commercial Real Estate (CRE), and how to stay ahead of the trend.
We are being asked by our customers more frequently 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. This chart of accounts is focused primarily on companies […]
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 […]