BRRRR Investor Chart of Accounts for QuickBooks

[Bryant Troupe]

We primarily BRRRR investor who purchased our first property last year. We are hoping to add 2 - 3 this year. I need to get all my financial data into QuickBooks and was wondering if anyone could offer advice on the required chart of accounts. The default real estate business chart of accounts from QuickBooks didn't have the accounts I'd like to see. I'm planning to outsource the bookkeeping once the QB file is setup. I'll also have my accountant review the final chart but looking for investor experience on high-level reporting that they get from QuickBooks.

Here's my preliminary chart of accounts.

Account Name	Account Type
Property Sales Income	Income
Rental Income	Income
Interest Income	Income
Security Deposit Income	Income
Property Sales Expense	Expense
Acquisition Expense	Expense
Rehab Expense	Expense
Property Management	Expense
Insurance	Expense
Property Taxes	Expense
Marketing	Expense
Training	Expense
Utilities	Expense
General Business Expense	Expense
Legal	Expense
Interest Expense	Expense
Banking Expense	Expense
Licensing Expense	Expense
Security Deposit Refunds	Expense
Maintenance & Repairs	Expense
Depreciation	Expense
Capital Contribution	Equity
Owner Distribution	Equity

Thanks in advance for your ideas and suggestions.