Hello Landlords & Bookkeepers!

I'm Laurie Ellison from Hudson Valley Bookkeeping, Inc. We specialize in Real Estate Bookkeeping and QuickBooks consulting.
In this video I will show you how to refund a security deposit and convert a security deposit to rent if you are not returning it.

Visit our website:
https://hvbookkeeping.com/realestate...
_______
Resources for You!
⬇ ⬇ ⬇ ⬇ ⬇ ⬇ ⬇
✔FREE Downloadable Landlord Chart of Accounts:
https://mailchi.mp/deeeabc1da5e/kvxd6...
✔FREE Downloadable CAM Spreadsheet:
https://mailchi.mp/bcf2cfdb5e15/camr...
✔FREE Downloadable Sample Property Management Statement:
https://mailchi.mp/84e8e387b867/g74df...
______________________________________________
If you have any QUESTIONS please feel free to:
Email me at : [email protected]
Call me at : (914)2942316
________________________________________________________
Do you need more guidance setting up your QuickBooks?
We do QuickBooks LESSONS on Zoom!
If you are interested in scheduling a TAILORED lesson to your needs
Email me at : [email protected]
Call me at : (914)2942316
______________________________________________________
For a consultation for FLAT FEE Bookkeeping SERVICE:
Email me at : [email protected]
Call me at : (914)2942316

Check out our 2024 QuickBooks Online series:
Part One:    • 2024 QuickBooks Online Setup for Land...  
Part Two:    • 2024 QuickBooks Online Setup for Land...  
Part Three:    • 2024 QuickBooks Online Setup for Land...  
Part Four:    • 2024 QuickBooks Online Setup for Land...  
Part Five:    • 2024 QuickBooks Setup for Landlords P...  

Happy Bookkeeping!
Laurie Ellison

0:00 Introduction
0:25 Use accountant view not business view.
0:55 Why you don't give tenant security deposits back.
1:30 Running the balance sheet to view security deposits payable.
1:50 Tips on Security Deposits
2:30 Scenario #1 Not returning the security deposit.
4:15 Scenario #2 Partial Return of a security deposit.

Lessons With Laurie
Scheduling:
Lessons are conducted over a zoom meeting. The session will be recorded and sent to the investor as a reference. I always like to speak with the real estate investor before we meet, so I can make sure I fully understand his or her needs and concerns while also making the most out of our QuickBooks lesson.
If you are interested, please email [email protected] or call(914)2942316
Topics Covered But Not Limited To…
Guided Setup for your QuickBooks File:
Chart of accounts specific to real estate.
Learning the dos and don’ts of Quickbooks.
Picking the correct version of Quickbooks for your needs.
Guided QuickBooks Clean Up:
Fix the Balance sheet.
Clean up duplicate accounts.
Learn how to post in your own QuickBooks.
Learn how to reconcile your bank accounts and credit cards.
Property Purchase and Sales:
Posting a purchase of a property.
Posting a sale of a property.
Learning how to post a flip property.
Property Financing:
Post a refinance of a property loan.
Learn how to properly post your mortgage payment each month.
Reconcile your mortgage statement each month.
Rent RollSpecific Income Tracking:
Creating a chart of accounts appropriate for rental properties.
Create income codes specific to your rental units so that you can run a rent roll P&L.
Learn how to automate rent invoices for your tenants
Learn to receive payments against rent invoices.
Expense Tracking:
Track income and expenses specific to certain buildings or units.
Determine if you need to use class tracking.
Security Deposits:
Record security deposits in your QuickBooks specific to each tenant.
How to give a partial security deposit refund to a tenant.
Fix security deposits in your QuickBooks.
Property Management:
Post property management statements in QuickBooks.
Reconcile property management escrow bank accounts.
How Lessons Work:
Lessons have a minimum of one hour and a maximum of two hours.
Lessons are conducted via Zoom.
The lesson will be recorded and sent to you for future reference

Disclaimer: This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Hudson Valley Bookkeeping, Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Hudson Valley Bookkeeping, Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.