Income Digs

In this episode, Nick Baldo introduces QuickBooks online for property management, explains the related workflows, and how to set up products and services. He also covers invoicing, creating recurring credit memos, and checking financial reports. Future topics include managing accounting for self-managed properties.

In this episode, Nick Baldo covers various aspects of real estate investing and bookkeeping. He discusses managing transactions, tracking rehab expenses, preparing for property sale, and accounting for selling costs. Nick also simplifies recording of sales and explores balance sheet and P&L transfers. The episode concludes with a mention of Income Digs courses and resources.

In this episode, Nick Baldo introduces QuickBooks online for real estate investing, overviews Real Estate Accounting Boot Camp, and discusses the treatment of expenses on property flips. He dives into QuickBooks Projects and Classes, analyzes property on a profit and loss level, and walks listeners through recording various costs. He also talks about balancing the balance sheet, benefits of tracking by class and customer, and planning for the next financial year and sales strategy.

In this episode, Nick Baldo explores the complexities of handling security deposits in real estate accounting. He discusses recording purchases, tracking changes, handling non-returnable deposits, and managing interest. He also gives insights on QuickBooks use for these transactions and promotes the QBO mini camp course.

In this episode, Nick Baldo explores the use of QuickBooks online for real estate investing and business growth. He discusses challenges in real estate accounting and solutions, mastering journal entries, and the role of cost codes. Also, learn about adding and mapping products/services and a revisit of the fundamentals of scalable QuickBooks setup.

In this episode, Nick Baldo introduces the Real Estate Accounting Boot Camp course and guides listeners through transitioning to QuickBooks online. He provides a detailed walk-through of setting up QuickBooks for real estate accounting, adding various account types and expense types, and correcting common errors. The episode concludes with establishing a set point in time for moving forward with the new system.

In this episode, Nick Baldo deep-dives into the difference between profit and cash at closing in real estate. He discusses factors affecting this equation, how to account for expenses and renovations, and recording property sales in QuickBooks. He also explores the significance of adjusting for financed deals, understanding balance sheets, and the implications of bank draws. Lastly, he emphasizes the importance of separating cash at closing from profit and introduces a Real Estate Accounting Boot Camp.

In this episode, Nick Baldo delves into real estate accounting, discussing the importance of accurate reporting and proactive decision-making. He explores the use of QuickBooks for real estate investing, including managing property accounts and balance sheets. Nick also discusses budgeting, cash flow assessments, and working with multiple business entities.

In this episode, Nick Baldo delves into the use of QuickBooks Online for real estate. He discusses location tracking, recording property purchases, and class tracking for multiple properties. Further, he explores the application of location tracking for business entities, analyzes balance sheets, and handles property purchases for different businesses. Finally, he provides an overview of multiple entities within QuickBooks Online subscription feature.

In this episode, Nick Baldo delves into the intricacies of capital improvements and cost of goods sold in real estate investing. He explains how to log capital improvements in QuickBooks, the role of CapEx, and the capitalization of expenses. Additionally, he discusses project tracking, expense allocation, and how to differentiate expenses using the customer feature in QuickBooks. The episode wraps up with an introduction to the Real Estate Accounting Bootcamp course.