Contact
Juanita McDowell
InMotion Real Estate Institute
j.g.mcdowell@mindspring.com
404-955-9740
HOW AGENTS & BROKERS CAN MAXIMIZE QUICKBOOKS FOR REAL ESTATE
QuickBooks is an inexpensive (yet powerful) piece of software that makes this task easier to do. To accomplish all this with the least amount of effort, Agents must learn how to approach this application, how to set it up, and how to use it. When used correctly, this application will save you a huge amount of time and keep you out of trouble. This course will teach a real estate agent how to use it for their business.
Don't Miss this Class! Limited Seating.
PARTIAL OUTLINE
Part I
Introduction
- Explanation of How Each Agent is a Business
Module I – How QuickBooks Works -- Overview
- I Don’t Want To Be an Accountant
- I Just Want a Checkbook
- How QuickBooks is Laid Out to Make All This Easy
- Installing QuickBooks Software
Module II – QuickBooks has Two Parts: Transactions & Reporting
- Customer Transactions (Real Estate Commissions Received)
- Vendors Transactions (Checks Written for Goods & Services)
- Banking Transactions (Deposits and Checks)
- Reports (Monthly & Annual)
Module III – How to Track Expenses
- What Real Estate Expenses Should I Track?
- How Should I Keep My Receipts?
- What about the Cost of Marketing New Real Estate Business?
Part II
Introduction
- Most Income Comes from Commissions Earned
- Other Income Can Come from Referrals or Property Management Fees
Module I – Setting Up the “Customers”
- The Broker is the Customer
- Earnings Can Still be Tracked by Property Sold
Module II – Tracking Occasional Earnings
- Fees from Referrals
- Fees for Managing Property
Module III – Since I Get Paid after the Closing, do I Really Need to Track Receivables?
- Creating an Invoice doesn’t Mean You have to Send It
- The Open Invoice List is a Quick Way to See if You’ve Been Paid
Part III
Introduction
- Keeping Up with Expenses is Easy to Do
- Expenses Can Be Kept by the Categories You Choose
- QuickBooks will Prepare the Income Tax Schedules Automatically
Module I – How Do I Use Check Writing to Track Expenses?
- How Do I Pay Myself?
- How Do I Pay the Various Expenses by Check?
- Do I really Need Computer Checks when Every Bank Has Bill Pay?
- What If these Bills are Recurring Each Month?
- What About Manual Checks?
Module II – How Do I Use Credit Cards to Track Expenses?
- Do I need a Separate Credit Card?
- Is it the same as Using a Debit Card?
- What If I Don’t Pay off the Credit Card Balance each Month?
Module III – How Do I Track Mileage?
- How Am I Getting Paid for This Mileage?
- What If I Use More Than One Vehicle?
- What is the Contemporaneous Record Requirement?
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