How to Setup Mortgage Escrow in Quickbooks Online

In this episode, Nick Baldo provides a comprehensive guide to understanding and managing escrow accounts in real estate investment. He details the use of QuickBooks Online, breaks down origination fees, closing costs, and escrow, and shares tips on tracking payments and loan balances. Nick also warns listeners about common escrow mistakes and demonstrates how to correct them, as well as how to pay property taxes and record transactions efficiently. He discusses the importance of tracking escrow for an accurate balance sheet and introduces the Real Estate Accounting Boot Camp 3.0.