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@johnjingleheimershcmit9251 Жыл бұрын
Great video. I love the idea of making a video for each specific niche you serve. Are you also tracking book depreciation and current portion of long term debt every month for the properties?
@BookkeepingExpert Жыл бұрын
No, I am not tracking depreciation
@Mr_Nobody604 Жыл бұрын
Yes please! keep making these video it’s interesting I like to see how others do there bookkeeping! Good work brother love your videos!
@BookkeepingExpert Жыл бұрын
Thank you for your support and kind words! I'm glad you enjoy the videos and find them interesting. If you have any specific topics you'd like to see covered in future videos or any questions, feel free to let me know. I'm here to help and provide valuable insights!
@JeromeGSherman Жыл бұрын
Thank you for this helpful no frills full of meaty real-world informative video. I definitely will use your "know-how "info when I'm ready to make that next step in bookkeeping.
@BookkeepingExpert Жыл бұрын
Glad it was helpful!
@josesquiabro58194 ай бұрын
Great video. As a new real estate investor, this demonstration was extremely informative and beneficial !!!
@BookkeepingExpert4 ай бұрын
Glad it was helpful!
@caredfor3918 ай бұрын
Thank you! Looking to bookkeep for RE investors. Appreciate the time and experience!
@BookkeepingExpert8 ай бұрын
Best of luck!
@aurorahurtadoo Жыл бұрын
Such a great video! More like this would be helpful!
@BookkeepingExpert Жыл бұрын
Thank you! Will do!
@muhammadjashimuddin8645Ай бұрын
This is very helpful for real estate bookkeeping. Do you have any specialized courses for real estate bookkeeping?
@BookkeepingExpertАй бұрын
No, I don't. But I should!
@PS.Bookkeeping.Accounting4 ай бұрын
Hi Zach, What is the best accounting method (cash or accrual) for real estate (rental property). My potential client has 3 properties. I saw the bank statements and it pretty straightforward, and 2 properties have a mortgage payment. I was thinking of cash basis, but wanted to get another perspective. Hope to hear from you soon. Tony
@BookkeepingExpert4 ай бұрын
I would do cash basis
@fredygonzalez9627 ай бұрын
Great video. Thank you
@BookkeepingExpert7 ай бұрын
Glad you liked it!
@thuyduongnguyen21575 ай бұрын
Thanks for your precious information. Can I get the sample of Chart of account for real estate business which has both rental and flipping house activities?
@BookkeepingExpert5 ай бұрын
I don’t have a sample, sorry!
@comment58844 ай бұрын
Qb online compared to just the software where you just buy once can you talk about what pro and cons of both?
@BookkeepingExpert4 ай бұрын
I only work with QuickBooks online
@lizettegudiaga49374 ай бұрын
How can you zero out the fixed asset amount after selling the house and paying off the loan?
@BookkeepingExpert4 ай бұрын
Credit House Debit Loan Debit Cash to sellers Credit Flip Income (whatever is left over after the 1st 3 entries)
@KN-eh2fh4 ай бұрын
what industry you think it's less work and easy to handle? Can you give us a few examples? 😅
@BookkeepingExpert4 ай бұрын
Plumber Pest Control Marketing Agency Any solo entrepreneur "owner-operator" providing services
@VocaProductions7 ай бұрын
Rewatching this video, where is the black shirt?? 🧐
@BookkeepingExpert7 ай бұрын
Not today!
@rickyramirez71035 ай бұрын
Why is classes better than making accounts for each property?
@BookkeepingExpert5 ай бұрын
Because when you have 5+ properties, you balance sheet and P&L will be over complicated
@wasteoftime1238 ай бұрын
What about when you receive rent payments? How would I categorize it?
@BookkeepingExpert8 ай бұрын
Rental Income
@sarahfoster3942 Жыл бұрын
How can I get started on an online bookkeeping business and be successful if I have no experience in bookkeeping? I am pursuing a career in accounting/finance, however, I feel School sometimes don’t teach you the business side of things! I need help to understand what I need to do? 😅
@BookkeepingExpert Жыл бұрын
Starting an online bookkeeping business without prior experience is definitely possible. Here's a step-by-step guide to help you get started: Learn the Basics: Begin by learning the fundamentals of bookkeeping, such as understanding debits and credits, financial statements, and accounting software. There are many online courses and resources available for free or at a low cost. Practice: Gain practical experience by offering your services to friends, family, or small businesses at a discounted rate or even for free initially. This will help you build confidence and create a portfolio. Build Skills: Familiarize yourself with accounting software, such as QuickBooks Online or Xero. These tools are commonly used in online bookkeeping businesses. Business Plan: Create a business plan outlining your target market, services offered, pricing strategy, and marketing approach. This will provide clarity and direction for your business. Niche Down: Consider specializing in a specific industry or niche. This can make you more appealing to a targeted audience and help you stand out from competitors. Legal Setup: Register your business, choose a business name, and obtain any necessary licenses or permits. Create an Online Presence: Build a professional website and set up social media profiles. A strong online presence will help potential clients find you. Networking: Attend industry events, webinars, and online communities to connect with others in the field. Networking can lead to valuable opportunities. Offer Value: When marketing your services, focus on the value you can provide to your clients. Highlight how you can help them save time, money, and make informed financial decisions. Continuous Learning: Stay updated with the latest trends and developments in the bookkeeping and accounting industry through online courses, workshops, and articles. Get Feedback: As you gain clients, gather feedback to improve your services and build a positive reputation. Be Patient: Building a successful business takes time. Be patient, persistent, and open to learning from your experiences. Remember, every entrepreneur starts somewhere, and learning by doing is often the best way to grow. Don't be afraid to take the first step and adapt as you go along. Good luck on your journey!
@JeromeGSherman Жыл бұрын
This here is golden! thanks so much. @@BookkeepingExpert
@sarahfoster3942 Жыл бұрын
@@BookkeepingExpert thank you so much for this!!! You have inspired me more and more with your videos!!!
@BookkeepingExpert Жыл бұрын
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@Borhanoffical11 ай бұрын
I want to learn Real State Bookkeeping & Property Bookkeeping, Could you help me? Thanks
@BookkeepingExpert11 ай бұрын
Yes! I’m making a course right now! Click here for early access and special offers -> www.harrisburgbookkeeping.com/bookkeeping-course
@USAlive59611 ай бұрын
Can you please tell me which QBO version you are using?
@BookkeepingExpert10 ай бұрын
Plus
@jonelatendido9836 Жыл бұрын
Thanks bro, Could you provide e-commerce Bookkeeping?
@BookkeepingExpert Жыл бұрын
I will add that to my list of possible future videos!
@jonelatendido9836 Жыл бұрын
Thanks so much bro❤
@danieljohnson686311 ай бұрын
Do you have to pay to set up a demo company?
@BookkeepingExpert11 ай бұрын
Nope!
@danieljohnson686311 ай бұрын
How? Set up under accountant view or whole new account?
@BookkeepingExpert11 ай бұрын
@@danieljohnson6863 you can just create a new account and use the 30-day free trial
@danieljohnson686311 ай бұрын
Thank you. Appreciate the help.
@christianramirez1255 Жыл бұрын
Why is it important to add vendors?
@Mstroup93 Жыл бұрын
In quickbooks you can 'group by vendor' in reports which will make it much easier to read. For example you can run a "Repairs & Maintenance" report and group it by vendor which will show you how much money you've spent on each vendor for that time period. Another big reason to include vendor names is because of an accountant tool called "Reclassify Transactions". This tool will allow you to search for every transaction with a specific vendor name and change its category. For example maybe you accidentally categorized every expense at Shell Gas Station incorrectly for an entire year, you will be able to search for all 'Shell Gas Station' vendor transactions for the past year and recategorize them correctly in seconds.
@BookkeepingExpert Жыл бұрын
So that you can batch edit multiple transactions at once in the vendor section
@christianramirez1255 Жыл бұрын
@@BookkeepingExpert Okay! Quick question, would you recommend I ask my clients to refer me? Or is that something I shouldn’t ask for?