Income Digs
"Income Diggs" is a podcast focusing on the use of technology to help real estate investors and bookkeepers expand and streamline their operations. The show provides insights into technological solutions for the real estate market.
QuickBooks for Property Management - Tenants and Owners
In this episode, Nick Baldo introduces QuickBooks online for property management, explains the related workflows, and how to set up products and services. He also covers invoicing, creating recurring credit memos, and checking financial reports. Future topics include managing accounting for self-managed properties.
Key Points
- QuickBooks Online can be optimized for property management workflows by invoicing tenants, managing owner balances, and tracking billable expenses.
- A proposed customer hierarchy within QuickBooks Online for property managers should have the owner at the top level, with properties as a middle level, and tenants as the child level.
- Recurring templates in QuickBooks Online can automate monthly invoicing to tenants and owners, credit memos for owner payouts, and ensure accurate tracking of property management income.
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 Website: http://www.incomedigs.com
Streamline property management tasks using QuickBooks Online
Chapters
| 0:00 | |
| 1:02 | |
| 3:03 | |
| 6:09 | |
| 8:07 | |
| 11:47 | |
| 15:17 | |
| 17:52 | |
| 20:23 | |
| 22:16 |
Transcript
Loading transcript...
- / -