QuickBooks Online for Real Estate Investor

[Brett Snodgrass]

Hi BP,

I have just started using QuickBooks Online.  Does anybody have a site or youtube video that describes how a real estate investor uses Quickbooks online?

For example. We do a lot of Flips...  What section do you add each Property into? Is each property a "Customer", and then you can add expenses and profit to that "Customer", named as the property address."

Looking for some Guidance with QuickBooks before I get too far into it... and figure I am doing it wrong...   Any help would be appreciated.  In that past I was just using Spreadsheets for all properties and all expenses and it took forever.. 

Thanks,

Brett

[Steve Babiak]

I am a QB pro owner - 2008 version :). Still works fine for me. 

I suggest you create an account number with a bunch of the digit 9 strung together, and name it "Ask My Accountant"  - then when you come across some item where you have uncertainty, it gets labeled with that account number. When your accountant is looking at your QB files, you have those items placed into their proper account number. This gives you an easy way to track the stuff for the accountant to review.