Discover the Little-Known Secret to Stress Free residential property management book using QuickBooks
Are you irritated with the long hours you spend bookkeeping, or are you dissatisfied with expensive property management software? This QuickBooks book will help you increase your property management profits while decreasing the time you spend doing the jobs you don’t like!
For property managers who manage property owner properties, real estate brokers, accountants, bookkeepers, CPAs, QuickBooks consultants and real estate professionals.
Do you hate the stacks and stacks of paper that accumulate on your desk? Do you use the software that doesn’t help you manage your accounting tasks? Do you use QuickBooks that does not give you proven results?
If so, you have definitely come to the right place as you are about to learn how you can use QuickBooks to automate your property management and accounting tasks and start getting more done while working less.
Residential Property Management Book for Property Managers includes All the Tips, Tricks, and Techniques You Need to Know
Course Learning Objectives:
Learn to set up a new property owner, property, unit, and tenant in QuickBooks
Learn to view and verify the accuracy of QuickBooks reports after each transaction is recorded
Learn to accurately record lease commissions, owner’s reserve funds and management fees in QuickBooks
Learn to enter single, joint and several tenants, Section 8 (HUD), affordable subsidy housing, and sublease tenants in QuickBooks
Learn to set up the rent roll, tenants, loss of rent for vacancies within QuickBooks
Learn to track rents, vacancies, security deposits, work orders, bills, and lease terms in QuickBooks
Learn to differentiate between the owner’s and your management company’s income and expenses
Learn to record free, reduced rent, maintenance credit or write off uncollected rent within QuickBooks
Learn to perform regular accounting tasks, such as checks, reconciliations, credit cards, and online banking using QuickBooks
Learn to customize Owner’s Proceed reports
Discover that our custom property management QuickBooks reports allow you to manage a wealth of actionable information
It is a Clear, How-to QuickBooks Book for Property Management Packed with Images
Every task is explained in detail, with screenshots and step-by-step instructions. Even if you jump directly into a section, without reading the QuickBooks book straight through, you will understand all the how-to steps.
Over 100 screenshots that clearly explain each task
It is Time to Take your Business to the Next Level of Success
Want to know the real secret to succeeding as a property manager? It’s having the right system in place and the Residential Property Management for Managers: QuickBooks Desktop shows you how to do just that. Start now, so that you don’t become overwhelmed or, worse, overlook critical details that might cost you money or diminish your professional credibility.
QuickBooks contains all the features you need to handle every accounting or property management task from paying bills to collecting rent and managing repairs. Now you can learn how to take advantage of all of these QuickBooks features without going through the frustrating process of trial and error.
With Residential Property Management for Managers: QuickBooks Desktop, You Will Receive:
Book: Step-by-step advanced instructions Downloadable QuickBooks residential property management book company template file for managers of residential properties Video tutorials: watch, listen and learn Access to a private Facebook group
Template QuickBooks file is compatible with QuickBooks Desktop Pro, Premier and Enterprise current version & prior two years (need a current version of QuickBooks? Call 866-645-3356).
Please, remember you must have QuickBooks® installed on your computer. Are you using Australia, Canada, UK, or other International QuickBooks version, or Online? Click here to read…
Content of the Guide
Content of A Property Manager’s Guide to Financial and Property Management
Section 1: Getting Started Don’t be intimidated by switching to QuickBooks. This section shows you the location of all of the QuickBooks functions so you can easily navigate through your file. You, the property manager, won’t have to waste time trying to find certain lists or transactions because you will be given a list of every keyboard shortcut. If you have any questions or hit a wall somewhere along the process, you will be given a list of different resources to find answers. If you are afraid to try something different in your file, you can always use our free QuickBooks sample file.
As a property manager you need to know both the cash and accrual basis accounting systems and how to work with item and customer lists. Learn the easy definitions for that complex accounting terminology and begin understanding your financial reports. Finally, you will learn how to backup and restore your file to prevent data loss. We know how important for you is to keep your property management and accounting data in place.
Section 2: Your Company File Now that you have the basics down, you will be ready to upload the QuickBooks template file, which already includes the Chart of Accounts. Next, you will learn how to setup user accounts with or without password protection and input your company’s information. Discover the differences between the types of expenses you encounter when managing your properties even before you attempt to enter in transactions.
You will be provided with step-by-step instructions for transferring the old balances over from your previous software. Everything from outstanding vendor bills and credits to security deposits are outlined. Afterwards, you will be shown how to use the To Do List and Reminder functions so you will never forget to input any of the transactions discussed in the later sections of the QuickBooks guide for property managers. Finally, to save you the time and effort of entering recurring transactions, you will be taught everything there is to be known about memorizing transactions.
Section 3: Managing Owners, Properties, and Tenants QuickBooks is ready to go and you now know the basic functions to use it. It’s now time to Manage Properties with QuickBooks! First, enter and record information for your leases, tenants, properties, and units with all of the different lease options.
And once your leases are recorded, we will look at the long-term processes that go into every lease. Learn every step of tracking and receiving tenant payments within QuickBooks. Whether you are at the very beginning of a lease and dealing with security deposits or at end of an early terminated lease and you are dealing with bounced checks, rent credits, and eviction letters, this section will outline it for you! Also, late fees, vacancy rent loss, invoice generation, and tenant statements are covered.
Finally, it’s time to get paid! Learn how to deduct management fees from the owner’s proceed and how to write a check to the property owner within QuickBooks. If the owner gives you reserve funds to cover any costs, discover how to manage this to pay for the expenses or transfer the funds to the owner’s proceed.
Section 4: Managing Vendors This section covers every step of hiring an outside vendor to do work on your rental properties. When you start working with a vendor to make improvements or do repairs, make sure you enter a work order to track the arrangements between you and your vendor so you are always informed about your rental property or units. You can track vendor deposits if your vendor requires one. When the work is completed, you can enter and pay the bill.
Avoid finance charges by entering in your payments by credit card or check into QuickBooks. If you need to void a check or a check bounces, make sure you record this to keep accurate financials. Lastly, if you overpaid, you can enter the vendor refund into QuickBooks. As you can see our property management QuickBooks guide will teach you everything a property manager needs to know.
Section 5: Miscellaneous Since you now know everything about Managing Properties with QuickBooks, you can use this section to familiarize yourself with a few more valuable functions of QuickBooks not specific to property management. For example, for you have small expenses, you can set up a petty cash account. If you want to utilize QuickBooks’ online services, you can connect your bank and credit card accounts to online statements. If you need 1099 forms, letters, or templates for your vendors, learn how to print them directly from QuickBooks. Finally, reconcile your accounts using our system to make sure your balances are accurate.