I am doing bookkeeping for my rental business and am interested in flipping business but can you bookkeep flipping business by yourself?

Here is the sad story of another ambitious (or maybe reckless is a better word) start-up attempting to automate bookkeeping and predictably falling on their faces.

It also depends on the structure you want/can put in place and the associated costs, the equity amount you want to protect (50K might be high for me, but you might not blink till higher than 500K), your risk tolerance, all subjective measures.If you group them together in a LLC, or if you use a Series-LLC, as long you keep clear bookkeeping/accounting, you can have multiple using the same bank account.

I wholesaled a property and charged an assignment fee of $5800.I took back a note and my buyer is paying me $300/mo a month until the note is paid off.My bookkeeper is having a very hard time how to record this in Quickbooks?

I been struggling to find a good solution for STR professional bookkeeper we have a STR management company with 100+ doors if anyone knows someone that has experience or can handle the capacity please help.

.#11 – Back Office Paperwork and TaxesActive investments are paperwork-heavy, from the initial purchase of the property to tracking purchase and rental agreements, bookkeeping, and legal documents throughout the project.

Bookkeeping should only take a few minutes.

Use QuickBooks desktop for property management, bookkeeping and accounting.

Your bookkeeping should be kept separate, however.

You probably will end up tracking some of the numbers in Excel (or other software.)Most of us do bookkeeping at an office/home, not necessary when we are out, so this is probably a minor issue, but if you buy QuickBooks Desktop version, then you can only enter/view from where the computer is (unless you set up some type of remote access.)