15 min video
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QuickBooks for Real Estate – Multiple Entities How To Q&A
QUESTION from Joe:
Hi Guys. In need of some investor books help. here are my questions:
1) In need a video/instructions for creating intercompany transactions.
For example, we have multiple LLC and each LLC has its own tax return.
If all owner capital contributions are deposited into LLC1, then are transferred through bank transactions to LLC2 or LLC3, how do I set up my chart of accounts for that transfer?
2) At year end, how do I clear out the Income Statement for all the entities to Retained earnings?
Remember the Income Statement is organized by class (not separate accounts for each property), so how does that end of year Income Statement get put in the proper retained earnings accounts?
Thank you,
Joe
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How Do I Get My QuickBooks Files Back When My Computer Crashes?
QUESTION from Richard:
Hi Mike,
Happy New Year. I hope you are doing better than I am at this time. My wife’s computer crashed. We received a new hard drive from Dell. Now we must install all our programs and retrieve our backup data. We thought it would be easy as we have our data backed up to an external drive and offsite with Carbonite but getting the programs reinstalled and set up properly is another matter.
Our IT support person will be installing our software tomorrow morning and we really need to get back in business at that time. We really rely on Investor Books and Tenant Tracking and cannot afford to be without them any longer.
I have two CDs and hope they will get us back in business. The jacket for the Investor Books CD says we need a key code and I am assuming that we probably need one for Tenant Tracking but we do not have the original jacket. The only numbers I could locate are in the center of the CDs. They are as follows:
Investor Books XXX copyright date 2004
Tenant Tracking XXX copyright date 2003
Are these the key codes? If not what can I do? Is someone available by phone or email for help if we run into install problems? Is there any information you can give me that will help in the reinstall?
I know it is New Years eve and day but until this happened I did not realize how much we rely on your programs or how we survived before having them.
Thanks for your help,
Richard W.
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How To Use The Cash From Me Account
How To Use The Cash From Me Account
Techniques To Properly Capture Every Red Cent of Your Out of Pocket Expenses in your Real Estate Business, including your own personal money you loan to your real estate business. Everything from buying a faucet at Home Depot to buying stamps.
QuickBooks Pro for Real Estate
8 min video
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