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Quickbooks for Real Estate - Classes vs. Locations
In this episode, Nick Baldo delves into the use of QuickBooks Online for real estate. He discusses location tracking, recording property purchases, and class tracking for multiple properties. Further, he explores the application of location tracking for business entities, analyzes balance sheets, and handles property purchases for different businesses. Finally, he provides an overview of multiple entities within QuickBooks Online subscription feature.
Real Estate Accounting: https://www.youtube.com/playlist?list=PL89qBCL2vU2sab5dEzpwJTZi0zTLjCDXJ
https://www.incomedigs.com/reab
1 Subscription, multiple entities: https://www.youtube.com/watch?v=u8ml1QxvOF0&t=1s
Free QBO MiniCamp: https://bit.ly/3uNlesQ
You should not be using Locations to track property-specific transactions! Instead, use Classes or Customers. I show you why in this video!
(0:00) Introduction and Understanding QuickBooks Online for Real Estate
(1:32) Location Tracking in QuickBooks and Property Specific Tracking Using Class
(4:21) Recording Property Purchases and Expense Management
(6:09) Advantages of Class Tracking for Multiple Properties
(8:30) Utilizing Location Tracking for Business Entities
(10:50) Analyzing Balance Sheet by Business
(11:50) Handling Property Purchases for Different Businesses
(13:24) Overview of Multiple Entities within QuickBooks Online Subscription Feature
(13:57) Conclusion and Additional Resources
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By Nick BaldoIn this episode, Nick Baldo delves into the use of QuickBooks Online for real estate. He discusses location tracking, recording property purchases, and class tracking for multiple properties. Further, he explores the application of location tracking for business entities, analyzes balance sheets, and handles property purchases for different businesses. Finally, he provides an overview of multiple entities within QuickBooks Online subscription feature.
Real Estate Accounting: https://www.youtube.com/playlist?list=PL89qBCL2vU2sab5dEzpwJTZi0zTLjCDXJ
https://www.incomedigs.com/reab
1 Subscription, multiple entities: https://www.youtube.com/watch?v=u8ml1QxvOF0&t=1s
Free QBO MiniCamp: https://bit.ly/3uNlesQ
You should not be using Locations to track property-specific transactions! Instead, use Classes or Customers. I show you why in this video!
(0:00) Introduction and Understanding QuickBooks Online for Real Estate
(1:32) Location Tracking in QuickBooks and Property Specific Tracking Using Class
(4:21) Recording Property Purchases and Expense Management
(6:09) Advantages of Class Tracking for Multiple Properties
(8:30) Utilizing Location Tracking for Business Entities
(10:50) Analyzing Balance Sheet by Business
(11:50) Handling Property Purchases for Different Businesses
(13:24) Overview of Multiple Entities within QuickBooks Online Subscription Feature
(13:57) Conclusion and Additional Resources