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Quickbooks for Real Estate - Dealing with Unapplied Cash Payments
In this episode, Nick Baldo dives into the complexities of unapplied cash payments and QuickBooks. He explains the intricacies of accrual-based accounting and how to manage profit and loss sheets. He discusses adjustment strategies, unravels unapplied cash income and expense, and provides tips on annotating profit and loss sheets. He also explores an alternative approach to dealing with unapplied cash payments and guides listeners on the allocation of expenses among properties. The episode wraps up with a promotion of the Real Estate Accounting Boot Camp.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
QBO is invaluable when it comes to prepping for taxes. But what are those weird "Unapplied Cash Payments" all about? In this video, I shed some light on these elusive accounts to help you understand why they occur and how to deal with them.
(0:00) Introduction and topic overview
(0:33) Unapplied cash payments and QuickBooks
(1:09) Understanding accrual based accounting
(2:18) Profit and loss sheet in QuickBooks
(3:35) Adjustments in profit and loss sheet
(4:25) Unraveling unapplied cash income and expense
(6:35) Annotating profit and loss sheet for clarity
(9:48) Dealing with unapplied cash payments: an alternative approach
(14:11) Allocation of expenses among properties
(14:45) Conclusion and promotion of Real Estate Accounting Boot Camp at incomedigs.com
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By Nick BaldoIn this episode, Nick Baldo dives into the complexities of unapplied cash payments and QuickBooks. He explains the intricacies of accrual-based accounting and how to manage profit and loss sheets. He discusses adjustment strategies, unravels unapplied cash income and expense, and provides tips on annotating profit and loss sheets. He also explores an alternative approach to dealing with unapplied cash payments and guides listeners on the allocation of expenses among properties. The episode wraps up with a promotion of the Real Estate Accounting Boot Camp.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
QBO is invaluable when it comes to prepping for taxes. But what are those weird "Unapplied Cash Payments" all about? In this video, I shed some light on these elusive accounts to help you understand why they occur and how to deal with them.
(0:00) Introduction and topic overview
(0:33) Unapplied cash payments and QuickBooks
(1:09) Understanding accrual based accounting
(2:18) Profit and loss sheet in QuickBooks
(3:35) Adjustments in profit and loss sheet
(4:25) Unraveling unapplied cash income and expense
(6:35) Annotating profit and loss sheet for clarity
(9:48) Dealing with unapplied cash payments: an alternative approach
(14:11) Allocation of expenses among properties
(14:45) Conclusion and promotion of Real Estate Accounting Boot Camp at incomedigs.com