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Thank you for watching. You can download the free Chart Of Accounts sample Excel file used in this tutorial from the companion blog:

Setting up a Chart of Accounts for a Commercial Real Estate Company
https://stratafolio.com/settingupa...

The "Setting up a Chart of Accounts for a Commercial Real Estate Company" blog provides more detail and stepbystep instructions on setting up your chart of accounts for a commercial real estate company. It also illustrates how properly using QuickBooks Online can save you thousands of dollars in your real estate business. Using a wellstructured chart of accounts will save your company money, make your organization more efficient, provide a better financial story, improve communications, and gain you more credibility with lenders and investors/partners.

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STRATAFOLIO connects directly to QBO and QBD to minimize manual work. We provide critical functionality to help you with lease administration, CAM reconciliation, rent collection, alerts on critical timelines, investor/partner management, and more.

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Video Content:
00:00 Introduction
01:35 Commercial Vs Residential COA
04:14 Common Issues With COAs
06:52 When To Use Classes
07:31 Set A Reminder To Use Classes
07:51 Should You Use SubAccounts Or Classes?
09:22 Review A COA For A Commercial Real Estate Company
14:10 How To Set Up A New QBO Company
16:34 How To Remove Or Disable Existing QBO Accounts
17:46 How To Import A COA in QBO
22:26 Benefits Of Using A Good COA
23:09 More About A Residential COA
23:16 Closing

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