Nick Baldo – Real Estate Accounting Bootcamp 3.0
Turn QBO into a Powerful Force for your RE Investing Business
Cleanup Quickbooks, establish and maintain a bookkeeping process and deliver powerful reports to grow and scale your business
Real Estate Accounting Bootcamp 3.0 is PERFECT for you if:
- You’re fed up with managing inaccurate and/ or disorganized financials
- You’re a bookkeeper seeking to become an expert to serve this lucrative niche
- You’re excited about the potential of having real-time financial data for your business
- You lack clarity on the correct way to organize your books and specific transactions
- You spend too much time reconciling your books and prepping for taxes
- You’re ready to scale your investing Business
What You’ll Learn In Real Estate Accounting Bootcamp 3.0
Module 1: Setup & Accounting Basics
ESTABLISH THE FOUNDATION
Module Highlights:
- Real-Estate focused Chart of Accounts
- Customizing QBO For your business
- Demystifying Debits & Credits
- Accounting for RE Investing Crash Course
Module 2: Purchasing Property
UNDERSTAND WHAT YOU OWN
Module Highlights:
- Translate a HUD statement to QBO
- Differentiate between building, land and closing costs
- Purchase with cash, financing, equity…we cover it all!
- Understand depreciation
Module 3: Projects & Capital Improvements
RENOVATE & CAPTURE
Module Highlights:
- Understanding Capital Improvements vs. Deductible Expenses
- Utilizing Products & Services for comprehensive reporting
- Deep Dive into Flip Projects & Developing Vacant Land
- Depreciating Capital Improvements
Module 4: Operating your REI Business
A SUSTAINABLE PROCESS FOR MANAGING YOUR BOOKS
Module Highlights:
- Tracking expenses
- Managing Accounts Payable (A/P) & Accounts Receivable (A/R)
- Leveraging Recurring Transactions
- Track Property Management Statements
Module 5: Selling/Refinancing Property
CASH OUT ON THE SALE
Module Highlights:
- Understanding Escrow Accounts
- Clearing out CapEx/ Depreciation
- Refinancing a Property
- Dealing with a 1031 Exchange
- Closing out a Property
Module 6: Reporting & Advanced Functionality
REAL-TIME BUSINESS METRICS
Module Highlights:
- Customizable Reports
- Management Reporting
- Utilizing Reports to Reconcile Data
- Cashflow Management
- Super-powered external reporting