Quickbooks Set Up For Short Term Rental Owners

Quickbooks Set Up For Short Term Rental Owners | Udemy
English | Size: 997.65 MB
Genre: eLearning

How To Set Up Quickbooks For Your Short Term Rental The CORRECT Way In Just 1 Day (even with no accounting experience)

What you’ll learn
Identify different Quickbooks plans and which one is the right fit for you
Proactively set up your Quickbooks account to take advantage of tax deductions
Understand and properly categorize various types of financial transactions
Catch up your books for previous months that you’ve been in business
Set up your real estate purchase on the Balance Sheet correctly
Run and customize reporting for your STR so you can accurately see how your business is doing financially
Quickbooks tips and tricks to help you with additional features Quickbooks has to offer

This Course Is Perfect For You If:

You just purchased your FIRST SHORT TERM RENTAL investment property

Your real estate BUSINESS IS 1 or 2 YEARS OLD and you’re ready to get your books set up with a little help

You want to have your financial books set up the CORRECT way and save yourself HOURS or frustration and HUNDREDS of dollars down the road

You want to proactively set up your account to take advantage of TAX DEDUCTIONS

You aren’t sure how to PROPERTY CATEGORIZE your financial transactions

You’re OPEN TO LEARNING the best way to manage your accounting books going forward

You need help setting up and choosing the best NEW QUICKBOOKS account for you

Let’s Take A Look Inside…

Module 1 – Orientation

First, we dive into what bookkeeping is so get ready to unlock the mystery of bookkeeping and accounting and how you can do this.

Module 2 – Setting Up Your Quickbooks Account

Next, we will actually talk about the different Quickbooks plans and identify which one is the right fit for you and then go ahead and actually get your account all set up.

Module 3 – Chart of Accounts

Here we set up one of the most important things in your Quickbooks account and that is your Chart of Accounts. This drives so much of you accounting books and getting this right will save you so many headaches down the road.

Module 4 – Categorizing Transactions

Categorizing your transactions is the bread and butter of your bookkeeping and we will go over exactly how you can do that for various types of transactions that will come up with operating your STR business.

Module 5 – Catch Up

We hardly ever start our books perfectly on day 1 the same day we open our business so this module is all about how to correctly catch up your books for those previous months that you’ve been in business this year.

Module 6 – Real Estate Purchase

We are in the business of buying and holding real estate and so it is very important to also set up the real estate in the portfolio correctly which is exactly what we will do in this module.

Module 7 – Reporting

For me, this is when things get fun! We will go over how to run and customize the reporting for your STR so you will finally be able to accurately see what is going on with the financial in your business.

Module 8 – Quickbooks Tips & Tricks

Lastly, I’ve added some Quickbooks tips and tricks to help you out and be even more comfortable with using all the great features that Quickbooks has to offer.

Who this course is for:
Short Term Rental Owners who’ve just purchased their first investment property
Vacation Renal Owners who want to set up their accounting on Quickbooks