Skip to content

QuickBooks For Real Estate Investors

QuickBooks For Investors America's Only Complete System For Real Estate Investors using Quick Books Pro

  • Home
  • JOIN NOW!
  • Investor Books Pro
  • Workshop Videos
  • Support
  • Log In

Tag: Paying Vendors

How To Use Repairs and Capitalized Expenses in QuickBooks Pro

Posted on August 12, 2011July 2, 2022 By wizard

QUESTION:

Hello Mike,

I understand your reply of repair versus capital expense so my question must not have been clear...

When I buy a house to resell that will need some repairs, these repairs are a capital expense as the property is not in "service".

To properly see my cashflow in Investor Books PRO when I do a report, I put these fixup costs as an expense (initially).   I do this under "repairs and maintenance"

The fixups will eventually be transfered and recharacterized as a capital expense at a later date thus in the meantime allowing my cashflow report to provide useful information for me as an investor.

My question is when do I transfer this to the asset?

Thank you Mike,

Hope that is more clearer-er

Steve

Please log in to view more of this post
HOW TO VIDEOS, INVESTOR BOOKS, Capitalized, Repairs, Year End

Library

  • GETTING STARTED (3)
    • Why 2 Company Files (1)
    • What is Investor Books Pro? (1)
    • What is Tenant Tracking? (1)
  • REGISTERED USERS ONLY (14)
    • STEP 1 – "Post Office Method" Accounting Training (1)
    • STEP 2 – Investor Books Pro System (1)
    • STEP 3 – Fast Start Guide (2)
    • STEP 4 – Setting Auto BackUps (2)
    • STEP 5 – Multiple Users (1)
    • STEP 6 – Multiple Entities Partnership (1)
    • STEP 7 – Entering Old Transactions (2)
    • STEP 8 – Speed Buttons (2)
  • HOW TO VIDEOS (53)
  • INVESTOR BOOKS (57)
    • Auto-Billing (1)
    • Bad Checks (1)
    • Borrow Money (7)
    • Capitalized (3)
    • Closing Statements (17)
      • ARMs Adjustable Rate Mortgages (1)
      • Buying (9)
      • Selling (6)
      • ReFinance (1)
      • 1031 Tax Deferred Exchange (1)
    • Depreciation (1)
    • Earnest Money (1)
    • Escrow Accounts (7)
    • Flips (2)
    • Invoices (2)
    • Loan Money (2)
    • Memorized Transactions (3)
    • Multiple Entities (4)
    • Option To Buy (1)
    • Property Taxes (1)
    • Rehab (1)
    • Repairs (4)
    • Tax Updates (8)
    • Troubleshoot (6)
    • Vendors (1)
  • TENANT TRACKING (24)
    • Getting Started (4)
    • New Tenants (6)
      • Section 8 (2)
    • Existing Tenants (12)
      • Work Orders (3)
      • Statements (2)
      • Late Charges (4)
      • Move Out (4)
      • Discounts (1)
    • Collections (1)
    • Auto-Billing (1)
    • QB Upgrade (1)
  • OTHERS (5)
    • Free (2)
    • Tools (2)
    • Reviews (1)
  • YEAR END STUFF TO DO (8)
    • Year End (6)
  • UPDATES (1)

Search By Topic

Balance Sheet buying Buying RE Buy Real Estate with Loan Capitalized Expenses Cash Expenses Cash From Me Closing Statement Buying Computer Crash Daily Late Charges Depreciation Escrow Accounts escrow analysis Escrow Refunds escrows Getting Started How To Enter HUD 1 INVESTOR BOOKS Investor Books Pro landlording Loan Customers mike grinnan cpa Multiple Entities New Computer New Tenant Notes Paying Bills Post Office Accounting property management Purchase Real Estate quickbooks QuickBooks Basics quickbooks for real estate quickbooks pro for real estate repairs Reports Resident Rewards Retrieving Data selling statements Tax Time tax update TENANT TRACKING Tenant Turnovers wholesale
Sunday, 2:44 am EST
March 26, 2023

Got a Question? CLICK HERE
QuickBooks
5 Hour Workshop

forOnly $19

24-7 access Zoom Video Recordings from Workshop
includes WorkBook Study Guide and Q&A

includes
-WorkBook Study Guide
-30 day access to Video Recording

FREE for Registered Users
FREE for Platinum Members

FREE Investor Training

30 min Expert Review

Got a Question? CLICK HERE

Copyright since MMII Wealth Building 24-7 LLC 2022 | www.QuickBooksForInvestors.com | All Rights Reserved.
Disclaimer | Terms of Use | Privacy Policy