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Updated over 9 years ago on . Most recent reply

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470
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Jered Sturm
  • Investor/Syndicator
  • Cincinnati, OH
599
Votes |
470
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Transitioning to quick books. Good resources/ recommendation for the initial set up?

Jered Sturm
  • Investor/Syndicator
  • Cincinnati, OH
Posted

For a long time we have done our book keeping in excel. Over the last few months we have transitioned our rental company onto Buildium using their accounting software. We liked it so much that we have decided to transition our fix and flip company into quick books. Record keeping and accounting in general is not an issue at all. What I am hoping to get from this forum is some recommendations on books,videos,classes, Anything that helped others in the setting up of quick books specifically for your fix and flip business. 

Also I am leaning toward the online version of quick books to allow all the partners to view reports as they please. Thoughts on the online version opposed to the software??

If there is anyone in the Cincinnati area who is currently using quick books for their fix and flips business and would be so kind to take an hour to sit down for lunch and explain their set up,reporting,chart of accounts it would be much appreciated!

Thank you!

Most Popular Reply

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17,995
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17,195
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J Scott
Pro Member
  • Investor
  • Sarasota, FL
17,195
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17,995
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J Scott
Pro Member
  • Investor
  • Sarasota, FL
ModeratorReplied

I would talk to whomever prepares your taxes.  There are lots of right ways to do things,  but s/he probable had a preference... 

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