Thanks for the video!! It's great! One quick question: If I'm doing a cleanup and the property was purchased last year and there isn't a bank line to reconcile the deposits to the escrow clearing act because I inherited the books, how should I reconcile this instead so the balance sheet doesn't show a negative (credit) balance in the Escrow clearing account? I was thinking debiting the escrow and crediting opening balance equity?
Can you do a video on real estate agents and splitting commissions, giving a credit to closing or buyers or sellers (giving part of your commission away by either percent and dollar amount)? It would be nice to track Gross Commission Income and Net Commission etc. How much sales we did for the year and how much we pay to the broker etc.
Hi Hector,Great video.I'm interested in learning more about bookkeeping for Real Estate-investors/Landlords.I have a Tax client of mine who bought some rentals last year and wants me to do bookkeeping for him in QBO. What direction can you point me to?Any books,course,or training you can recommend?
Thanks for the video!! It's great! One quick question: If I'm doing a cleanup and the property was purchased last year and there isn't a bank line to reconcile the deposits to the escrow clearing act because I inherited the books, how should I reconcile this instead so the balance sheet doesn't show a negative (credit) balance in the Escrow clearing account? I was thinking debiting the escrow and crediting opening balance equity?
Can you do a video on real estate agents and splitting commissions, giving a credit to closing or buyers or sellers (giving part of your commission away by either percent and dollar amount)? It would be nice to track Gross Commission Income and Net Commission etc. How much sales we did for the year and how much we pay to the broker etc.
Probably not.. but I will add it to the list just in case.
Look into Loft47 this is an accounting for Real Estate Office
This was a great video!!!! Thank you so much for sharing!!!
allfruit you welcome
Thanks for sharing. Where can I find a Real Estate book keeper who knows how to do all this stuff to give to my account?
We have a few in our office 954-414-1524
Which version is for real estate?
How do I use QC Online for wholesaling real estate?
Hi Hector,Great video.I'm interested in learning more about bookkeeping for Real Estate-investors/Landlords.I have a Tax client of mine who bought some rentals last year and wants me to do bookkeeping for him in QBO. What direction can you point me to?Any books,course,or training you can recommend?
Mary Gachii I don’t have a specific book or course to offer... other than maybe some private training.
@@HectorGarciaCPA Okay,am interested. Contact info?
@@HectorGarciaCPA I would love to have some training too on it!
Great Video!
this was very helpful, thank you so much!
Hector, part one was great. Part two with Nerd not so much!!
I disagree... but that is Ok :)