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Updated over 8 years ago,

User Stats

153
Posts
53
Votes
Steven Segal
  • Rental Property Investor
  • Leucadia, CA
53
Votes |
153
Posts

Bookkeeping and Accounting Strategies and Solutions - QB QBO

Steven Segal
  • Rental Property Investor
  • Leucadia, CA
Posted

I've had issues conquering the least fun part of running businesses - bookkeeping and accounting. I'm sure people have gone through this before, so hopefully I can learn from how you all have conquered this.

1. Quickbooks vs Quickbooks Online: I get different advice from different CPAs. I have 4-5 single member LLCs. One of the CPAs is all for having them all in one QBO account. This seems to lead to a little too much co-mingling. I also put stuff on my credit cards, which means I have them hooked up. It just seems to add a lot of excess because all my non-business stuff is now on there.

2. What exactly does your CPA do for you? Do they do all the allocating? Do they just do a monthly review? 

Any input and advice would be useful.

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