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Most likely you have already heard about
QuickBooks or have seen it advertised on television or in
magazines. It is the most popular accounting software in the world
designed for small businesses.
Yes, it is a fantastic, very powerful,
program and yet it can be purchased for approximately $100.00. Why
pay up to $2,000.00 for specialized property management software
packages when QuickBooks, together with my book, works beautifully
for around $150.00.!
The program has been designed to be
used by many different types of businesses. The problem is in
learning how to fit your business to its capabilities.
The QuickBooks manual gives you very
little instructions needed for individuals who want to use the
program to manage their own properties.
The solution is at hand!!
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My 69 page manual has been designed
exclusively for owners who manage their own rental properties.
This manual will show you how to set up
QuickBooks so that you can manage a wide range of properties,
including apartments, houses, commercial property, industrial
property, mobile home parks, storage yards, mini-warehouses and
marinas, etc.
I have been managing my own rental
income properties for over 30 years. I have applied the knowledge
accumulated during this time to solving the many accounting
problems involved in property management
Included in the manual are the results
of a major effort to apply the QuickBooks software to rental
property management accounting requirements.
Don M. Lander |
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- Hardware needed (computers and
printers)
- Where to purchase QuickBooks software
- Setting up your business in the Easy
Step interview
- What type of computer checks to use
- How to create a list of your tenants
and properties
- How to create Classes for your
properties to allow the generation of profit and loss statements
for individual properties or projects
- How to modify the standard chart of
accounts to fit your business
- How to set up expense accounts to
track maintenance for individual units
- How to create a ledger for each
tenant showing all charges and payments and balance due
- How to set up accounts to handle
security deposits
- How to generate a list of delinquent
tenants showing individual balances
- How to set up the tenant's monthly
charges to post automatically to the individual ledgers (or you
can review the charges first before posting with just the click
of your mouse)
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- How to set up late fees that can be
automatically posted to the tenant's ledgers
- How to generate statements that you
can send to your tenants showing delinquent rent, late fees and
other charges
- How to generate a list showing vacant
rental units
- How to handle bad checks
- How to handle charges to the tenants
for damages
- How to handle the return of security
deposits
- How to pay expenses from the security
deposit
- How to handle sales tax on your
rental income if your properties are subject to this tax
- How to create a vendor list
- How to transfer money between bank
accounts
- How to set up reminders, for example,
when leases will expire and when periodic maintenance is
required
- How to set up QuickBooks from
existing recordss
- How to reconcile your bank accounts
- How to reconcile your credit card
account
- How to generate reports
- Backing up your data
- Transferring your records to another
computer
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