Income Digs

Real Estate Accounting - Quickbooks Setup


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In this episode, Nick Baldo explores the use of QuickBooks online for real estate investing and business growth. He discusses challenges in real estate accounting and solutions, mastering journal entries, and the role of cost codes. Also, learn about adding and mapping products/services and a revisit of the fundamentals of scalable QuickBooks setup.

Real Estate Accounting: https://www.youtube.com/playlist?list=PL89qBCL2vU2sab5dEzpwJTZi0zTLjCDXJ

End-to-End Accounting Course: https://www.incomedigs.com/reab (Enter Code YOUTUBE50 for $50 off!)
Free QBO MiniCamp: https://bit.ly/3uNlesQ
Free Download: https://www.incomedigs.com/chart-of-accounts
2-Dimensional Chart of Accounts: https://www.youtube.com/watch?v=rPVScDr3f9s
Purchasing Real Property - Part 1: https://www.youtube.com/watch?v=mA5CJH8tRbE
Purchasing Real Property - Part 2: https://www.youtube.com/watch?v=8C1LQciF77Q
Products/Services: https://www.youtube.com/watch?v=6MF-7BNdVkk
Official Website: http://www.incomedigs.com

Quickbooks Online is perfect for RE Investing if setup correctly. Check out these three foundational tips for getting QBO setup correctly.

(0:00) Introduction to QuickBooks online for real estate investing and building business
(1:15) The fundamentals of scalable QuickBooks online setup
(4:22) Challenges and solutions in real estate accounting
(7:03) Mastering journal entries in QuickBooks online
(13:40) Leveraging products and services in QuickBooks online for real estate investors
(15:48) Role of cost codes and categories in QuickBooks online
(17:38) Adding and mapping products and services in QuickBooks
(19:35) The three fundamentals of a scalable QuickBooks online setup revisited
(20:09) Introduction to Real Estate Accounting Boot Camp 3.0
(20:57) Conclusion and next steps
...more
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Income DigsBy Nick Baldo