Udemy

How To Setup QuickBooks for a Real Estate Rental LLC

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  • 163 名學生
  • 更新於 8/2021
4.6
(34 個評分)
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  • 透過本站連結購買Udemy課程,本站將獲得推廣佣金,有助未來提供更多實用進修課程資訊給讀者。

課程資料

報名日期*
全年招生
課程級別
學習模式
修業期
2 小時 19 分鐘
教學語言
英語
授課導師
Jason Knott
評分
4.6
(34 個評分)
*提示: 以上時間表僅供參考,以機構網站為準。

課程簡介

How To Setup QuickBooks for a Real Estate Rental LLC

Everything you need to know to get started in QuickBooks for your Real Estate Rental LLC

Many investors are looking to break into the real estate market to diversify their investment portfolio. 

Generating income from rental real estate properties is a great investment opportunity, but you must always choose the property wisely, and structure the investment to maximize asset protection and tax savings for the owners.

Most investors in the U.S. will create a U.S. LLC to purchase the property and conduct their rental business.  The LLC is a great entity because it provides asset protection and legitimacy to your business. 

In our example, we have three friends that created an LLC to purchase a single-family home and rent the home to a tenant. 

They also borrowed funds from a bank to fund a portion of the purchase.  We will show you how to setup your QuickBooks file and record all of the essential entries to get your rental real estate business started!

In this course guide, we will cover the following topics:

1.  LLC tax & accounting principles based on ownership and tax treatment of the LLC
2.  Create a chart of accounts for your real estate LLC
3.  How to record the initial accounting entries in the QuickBooks file
4.  How to record the purchase of the single-family home with a mortgage from the bank
5.  How to enter and record income from tenants and the rental expenses
6.  How to record cash distributions to the LLC owners at the end of the year
7.  What are the closing journal entries at the end of the year

This course is designed to get your QuickBooks file up and running for your real estate LLC.  We hope you enjoy!

課程章節

  • 2 個章節
  • 17 堂課
  • 第 1 章 Introduction
  • 第 2 章 Course Materials

課程內容

  • How does an LLC with a rental property keep its books and records?
  • How does an LLC taxed as a partnership setup its chart of accounts?
  • How to allocate the purchase price of real estate between the building and land?
  • What assets are depreciated for federal tax purposes?


評價

  • P
    Philip Felice
    5.0

    one of your first slides about LLC structure was worth the price of the course. Coming from a flipping business into rentals, I thought all my LLC's get an S-corp election. As i close my first rental with debt in the LLC name I'm realizing that would have been a big mistake. THANK YOU

  • L
    Lance
    1.0

    The concept is okay, but the quickbooks' demonstration is so outdated - quickbook desktop 2018 version. Therefore, a lot of demonstration is no longer applicable to quickbook online 2023 version.

  • R
    Rosie Santos
    5.0

    So far the information is good.

  • M
    Mary Perez
    5.0

    It was clearly taught and straightforward. I learned what I needed at a good pace.

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