In this video, I will break down a complete guide to crafting a property management chart of accounts. Let's dive in! Make sure to check out DoorLoop today: https://go.doorloop.com/freedemocha...

Free Template: https://go.doorloop.com/chartofacco...

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0:00 Welcome
1:01 What Is a Property Management Chart of Accounts?
2:09 How Does a Chart of Accounts Work?
3:19 How to Set Up Your Property Management Chart of Accounts
4:01 What About Using a Quickbooks Chart of Accounts Template?
4:36 Decide on Your Overarching Number System
5:56 Set Your Level 2 Accounts
6:13 Revenue Accounts
6:32 Expense Accounts
7:16 Asset Accounts
7:46 Equity Accounts
8:04 Liability Accounts
8:16 Put It All Together
9:01 Let DoorLoop Help You Streamline Your Property Accounting
10:04 How Do You Track Multiple Properties?
10:44 A Note on Owner vs. Property Manager vs. Landlord
11:17 Free Template Download
11:29 Manage Your Properties and Your Accounts With Clarity

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Disclaimer: This video was produced by DoorLoop and is the intellectual property of DoorLoop. The creator featured in this video is an employee of DoorLoop. All information presented in this video is subject to change and may have changed since the time of filming. These videos are for educational and entertainment purposes and are not offering legal advice. Opinions expressed in our videos do not reflect DoorLoop's stance as a company.

Category: Accounting