Quickbooks Set Up For Short Term Rental Owners

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

This Course Is Perfect For You If:

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.

Course Content

• Orientation –> 4 lectures • 8min.
• Setting Up Your Quickbooks Account –> 7 lectures • 45min.
• Chart of Accounts –> 6 lectures • 44min.
• Categorizing Transactions –> 9 lectures • 53min.
• Catch Up –> 6 lectures • 16min.
• Real Estate Purchase –> 2 lectures • 11min.
• Reporting –> 8 lectures • 45min.
• Quickbooks Tips & Tricks –> 4 lectures • 13min.
• Next Steps –> 1 lecture • 1min.

Requirements

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…

1. Module 1 – OrientationFirst, we dive into what bookkeeping is so get ready to unlock the mystery of bookkeeping and accounting and how you can do this.
2. Module 2 – Setting Up Your Quickbooks AccountNext, 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.
3. Module 3 – Chart of AccountsHere 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.
4. Module 4 – Categorizing TransactionsCategorizing 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.
5. Module 5 – Catch UpWe 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.
6. Module 6 – Real Estate PurchaseWe 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.
7. Module 7 – ReportingFor 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.
8. Module 8 – Quickbooks Tips & TricksLastly, 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.