Description
Prerequisite: You need to complete Online Accounting/Bookkeeping Course
This practical course will teach you how to manage the full bookkeeping cycle of a U.S. real estate business using QuickBooks Online.
Real estate bookkeeping requires more than recording income and expenses. You need to understand how to handle rental income, tenant balances, security deposits, property-related bills, mortgage payments, escrow accounts, repairs, capital improvements, and financial reporting for individual properties and owners.
You will learn the following topics:
- U.S. Real Estate Full-Cycle Bookkeeping Workflow
- Setting Up a Real Estate Company in QuickBooks Online
- Creating a Real Estate Chart of Accounts
- Recording Rental Income and Other Property Revenue
- Managing Tenant Receivables and Outstanding Balances
- Recording and Tracking Security Deposits
- Accounts Payable and Property Vendor Expenses
- Bank and Credit Card Reconciliations
- Recording Property Management Fees
- Recording Mortgage Principal and Interest
- Managing Mortgage Escrow Accounts
- Property Taxes and Insurance Expenses
- Owner Contributions and Distributions
- Repairs and Maintenance Versus Capital Expenditures
- Recording Buildings, Equipment, and Other Fixed Assets
- Depreciation Awareness for Real Estate Bookkeeping
- Tracking Income and Expenses by Property
- Recording Prepaid Expenses and Accruals
- Reviewing Loans and Other Property Liabilities
- Month-End Close for Real Estate Accounts
- Preparing Profit and Loss Reports by Property
- Preparing Balance Sheet and Cash Flow Reports
- Creating Clear Financial Reports for Property Owners
- Identifying and Correcting Common Real Estate Bookkeeping Errors
- Preparing for U.S. Real Estate Bookkeeping Interviews
Price: ₱799 with lifetime access.