Just a day after being notified that Sheldon Bookkeeping is a part of the QuickBooks Business Affiliates Program, we have received word that we reached Platinum status as a Certified QuickBooks ProAdvisor. “what a ride this has been!” And we are not done yet. We are planning to continue our work as a real estate…
Now available for free from Sheldon Bookkeeping: a Chart of Accounts for Real Estate Agents. This Chart (COA) is compatible with all versions of QuickBooks Online. It is for the smaller real estate agent business, as it does not include categories for employees. It does include accounts to categorize different sources of income as well…
Some real estate agents wait until it’s time to get their annual taxes filed, and then they scurry about trying to assemble a year’s worth of receipts, bills, and check stubs into some form of business financial records. Others plan ahead for tax day, by maintaining accurate, up-to-date financial records. Getting into business is easy…
New Rates for 2023 Released The Internal Revenue Service Service has announced the new 2023 mileage rates. The optional 2023 standard mileage rate for business, medical, and other uses of an automobile is 65.5 cents per mile. This is a 3-cent increase from the 62.5-cent rate that was set during the second half of 2022….
When setting up QuickBooks Online, in the Chart of Accounts, it is important to set up a special account to handle your Tenant’s Security Deposits. You can name the account anything (I recommend using Tenant Security Deposits. The type of account is: other current liability. This is important. The reason a tenant’s security deposit is…
I have been developing a special Real Estate Accounting program. More information will be posted on this blog and my website soon. Realizing that people involved in the real estate business often have issues with maintaining the financial records in QuickBooks Online, I am about to release a program designed to help release estate investors,…
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