All Forum Posts by: Gary Sowell

@Nancy Neville Thank you all of this helped plus I quickbooks sent me an excel file of list accounts. I’m still struggling with journal enters for the mortgage payment when I’m making the payment for a bad renter that has not paid.

I was told I should enter the HUD-1 into quickbooks for Properties I purchase so I can track the purchase and payments after.

Does anyone have instructions how to do this or a template.

Im using the journal to post the payments on my current payments for other mortgages. But not sure if I’m missing anything anyone can point me to a sample or instructions?

Thank you

Gary

@Nancy Neville thank you again. I gave my accountant my updated spreadsheets every month. He’s the one that recommended I enter everything I could prior to me seeing him in January. I have a lot of the same recurring bills and I keep track of my vendor invoices and payments very close because one day I notice for the same service they charged me different.

I have all the bills entered and payments matching from the banking download.

I was just stuck on how to apply the mortgage payment I was trying to figure out how to list the principal,interest, etc.. so it will show in the reports correctly.

I agree I have a lot more to learn.

@Nancy Neville I just finished entering a few months. My goal is to have 2018 completed in QB by the end of year.

With owner investment, prior to me opening my business account I wrote checks or used my credit card for two months for bills and paying the attorney to setup my LLC. How do I show the payments. I went into the chart of accounts and can't figure out how to add this.

Thank you.

I also started reading your page, lots of good information on it.

@Dan V. I have quickbooks pro online.

I was not sure about online or desktop.

@Nancy Neville I think I fixed this now, I ran a detailed report on an apartment number but it would only show the total for the building (address) went back into the setup and made a change now it shows at the apartment level also.

@Nancy Neville Thank you I need to look deeper into my chart of accounts. I might have to add some. I have what came with the product. I will try this this afternoon.

@Dan V.i meet with a CPA who recommended quickbooks, I don’t see him again till the third week of January he asked me to start entering the bills and rent. Gave me access to a sample account but it’s not a rental setup. I have an LLC using a business bank account to make payments. When I break up the principal, interest etc do I have to setup any special fields. I’m trying to get the repair/maintenance bills to show the it was applied to Apartment 1A but when I run the report it shows it applied to building location (rolls up). Is there a toggle, drop down or button I missed to have it list under the apartment? Class Customer- Building location Customer customer- Apt 1A Customer customer customer-Renter name. Thank you.

@Nancy Neville I have a business bank account so when the renter did not pay I deposited money from my personal account and then used the business account to make the mortgage payment. I can’t figure out how to show my deposit as owner contribution (think that’s what it’s called). Any help would be appreciated. Thank you.

@Ann Marie Rosen yes and recommendations or help is very appreciated. Thank you