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How to Start Over with Quickbooks Online
In this episode, Nick Baldo introduces the Real Estate Accounting Boot Camp course and guides listeners through transitioning to QuickBooks online. He provides a detailed walk-through of setting up QuickBooks for real estate accounting, adding various account types and expense types, and correcting common errors. The episode concludes with establishing a set point in time for moving forward with the new system.
End-to-End QB Training: https://www.incomedigs.com/reab
Free QBO MiniCamp: https://bit.ly/3uNlesQ
My students always ask: "What do I do w/ my old data? I want to start fresh w/ QBO...but I have a ton of history to deal with". Use a simple journal entry instead of going back and slogging through thousands of transactions.
NOTE - This is a sample lesson from our end to end course: Real Estate Accounting Bootcamp. Check it out here: https://www.incomedigs.com/reab
(0:00) Introduction and explanation of Real Estate Accounting Boot Camp course
(1:29) Challenges and strategy of transitioning to QuickBooks online
(3:14) Step-by-step guide to setting up QuickBooks for real estate accounting
(8:05) Importance of saving work and adding various account types in QuickBooks
(14:06) Detailed walk-through of adding different expense types to QuickBooks
(17:51) Checking final line and adjusting for rounding errors in QuickBooks
(19:00) Populating account types and checking the balance sheet in QuickBooks
(20:22) Addressing common issues and mistakes in QuickBooks
(22:09) Illustrating the correction process through a hypothetical scenario
(25:10) Establishing a set point in time and moving forward with the new system
(25:34) Closing remarks and promotion of the Real Estate Accounting Boot Camp course
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By Nick BaldoIn this episode, Nick Baldo introduces the Real Estate Accounting Boot Camp course and guides listeners through transitioning to QuickBooks online. He provides a detailed walk-through of setting up QuickBooks for real estate accounting, adding various account types and expense types, and correcting common errors. The episode concludes with establishing a set point in time for moving forward with the new system.
End-to-End QB Training: https://www.incomedigs.com/reab
Free QBO MiniCamp: https://bit.ly/3uNlesQ
My students always ask: "What do I do w/ my old data? I want to start fresh w/ QBO...but I have a ton of history to deal with". Use a simple journal entry instead of going back and slogging through thousands of transactions.
NOTE - This is a sample lesson from our end to end course: Real Estate Accounting Bootcamp. Check it out here: https://www.incomedigs.com/reab
(0:00) Introduction and explanation of Real Estate Accounting Boot Camp course
(1:29) Challenges and strategy of transitioning to QuickBooks online
(3:14) Step-by-step guide to setting up QuickBooks for real estate accounting
(8:05) Importance of saving work and adding various account types in QuickBooks
(14:06) Detailed walk-through of adding different expense types to QuickBooks
(17:51) Checking final line and adjusting for rounding errors in QuickBooks
(19:00) Populating account types and checking the balance sheet in QuickBooks
(20:22) Addressing common issues and mistakes in QuickBooks
(22:09) Illustrating the correction process through a hypothetical scenario
(25:10) Establishing a set point in time and moving forward with the new system
(25:34) Closing remarks and promotion of the Real Estate Accounting Boot Camp course