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Creating a Real Estate QuickBooks file

real estate QuickBooks file

Q: As a real estate investor, how should I set up my real estate QuickBooks file? Should I start my file in the service industry?

A: Yes, you should create a file based on a service industry.

Select Rental as your specific industry so your company file contains the real estate QuickBooks file industry Chart of Accounts.

Also check out the Schedule E form at the IRS website here is the link: http://www.irs.gov/pub/irs-pdf/f1040se.pdf

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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