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26 February 2025 | 18 replies
But is there a Chart of Accounts that anyone could share?
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23 February 2025 | 1 reply
Hey guys, Im thinking of shifting my traditional checking/saving account and mortgage to a manulife one account which my broker has suggested so I can be ready to pounce on a house and properly conduct the yellow letter direct marketing offering cash when they want it.
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6 February 2025 | 5 replies
1 Checking and 1 savings account is all you need.
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10 February 2025 | 27 replies
Quote from @Lieren Schuette: What online savings account is everyone using?
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5 February 2025 | 4 replies
Less bank accounts results in less check books, less debit card numbers, less account numbers that you have to track.best of luck.
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5 February 2025 | 6 replies
I'm having a hard time trying to find a bank that I can open a business account with online.
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9 February 2025 | 7 replies
You can have an email for each account and you should be able to set your phone up see multiple accounts at once should you get inquiries or messages.Just log into each account to make updates and price changes.
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7 February 2025 | 2 replies
I personally have a separate account for each property I own.
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6 February 2025 | 10 replies
@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.
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29 January 2025 | 4 replies
If you’re unsure about which specific account to choose, ask a local CPA or banker, since every situation can vary.