Category: REGISTERED USERS ONLY

Mike’s “Post Office Method” Accounting Training

Posted on By wizard

​Recording of LIVE Training Workshop
QuickBooks 101 - The Basics
includes Mike's "Post Office Method" Accounting

Overview Summary
40 min video

​LIVE Training Workshop

Session 1 of 4
87 min video

Session 2 of 4
103 min video

Session 3 of 4
103 min video

Session 4 of 4
139 min video

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REGISTERED USERS ONLY, STEP 1 - "Post Office Method" Accounting Training, HOW TO VIDEOS

QuickBooks Questions about Previous Transactions

Posted on By wizard

QUESTION from Michael J.

I just got your program in December.

I have 15 units.
- 2 single dwellings,
- 2 duplexes,
- 1 4plex,
- Victorian with 5 units.

I currently use Excel documents to keep track of stuff. tax season is not fun for me or my CPA.

I agree, this will make your tax time a breeze.. the hardest part is your transition and getting all set up properly

Would it make sense for me to input this year's stuff from January to December.

Realistically how long would it take me to do that?

Would it make year-end enough easier for me and my CPA?

What would you do?

Congratulations Michael

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REGISTERED USERS ONLY, STEP 7 - Entering Old Transactions, YEAR END STUFF TO DO

How To HUD Settlement Statements and Refi’s Question

Posted on By Mike Butler

QUESTION from Becky:

Hi Mike,

I just joined as an annual member today and have a few questions. I'm trying to get through as many videos as possible as quickly as possible in order to get the books done for a client of mine who has 25 LLCs, each with multiple rental properties and properties he has bought and sold. Unfortunately I don't have time to watch the full series as I am in a major crunch at the moment.

I'm specifically looking for videos that will explain how to enter a HUD from a purchase when there is a loan involved and a line item referring to "improvement escrow account" as well as "down payment reserve account" when a loan is involved with a line item "improvement escrow account"
Mike - i assume this appears on your HUD 1 Settlement Statement and I also assume that your client has borrowed money from a lender.

Also, what I am seeing him do on a regular basis, is take out a loan with the line items mentioned above, and then refinance a few months later. So i am looking for the refinance side of that as well.

Could you point me in the right direction on where to find this information?

Thanks!

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REGISTERED USERS ONLY, Troubleshoot

QuickBooks Real Estate – How To Enter Old Transactions

Posted on By wizard

A Very Frequently Asked Question

"Mike, I got everything up and running using the Fast Start Guide, but how do I get my older transactions into Investor Books?  I want to at least go back and enter everything since January 1st of this year."

This 10 min video shows you how to do it using the phantom bank account.

Remember to use the pause and rewind button if needed. You can make it full screen too.

11 min video

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REGISTERED USERS ONLY, STEP 7 - Entering Old Transactions, HOW TO VIDEOS