Archive for the ‘bookkeeping’ Category
Episode 9: QuickBooks Online, Cloud Bookkeeping, and Your Business
In episode 8 of our Talking Real Estate with Peter and George video series, George Dube and Peter Cuttini discuss how cloud bookkeeping with a program like QuickBooks Online can benefit your business. George: Good day, and welcome to Talking Real Estate with George and Peter. Today, we’re going to back and forth … I […]
Checklist for managing a new realtor corporation (PREC)
Now that you have a Personal Real Estate Corporation (PREC), we have a checklist of areas you and your team must ensure are being managed and monitored. Then, you can do what you’re best at – buying and selling real estate. Once the systems and processes are set up, it will be relatively straightforward for […]
Q&A: How do we report joint venture activities?
Q: I have a property that is owned with a JV partner. She put in the 20% down payment and qualified for the mortgage, and I run the investment. We then split everything 50/50 moving forwards. My partner holds her side of the partnership in a corporation, and I have my own corporation holding my interests. […]
Q&A: How do I record the equity value in my real estate in my bookkeeping?
Q: How do I record the equity value in my real estate in my bookkeeping? I paid $200,000 10 years ago and now the market value is double that amount but there is nothing in my books to indicate this value. I’d like my bookkeeping to reflect the true market value of my properties. A: […]
