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Episode 276 – Real estate investors have a dirty secret most of them don't know how much money they're actually making. But small, easy improvements to accounting and bookkeeping best practices can fix that. In this episode, Coach Carson explains how he does accounting and tracks the numbers in his real estate business.
Show Notes: https://www.coachcarson.com/bookkeepi...
Timestamps:
0:00 The dirty secret
2:39 6 benefits to good accounting
6:25 The books and supporting docs
9:04 Best practices
9:43 No commingling
12:05 Track & categorize
14:24 Have a paper trail
16:52 Clean up books
19:02 Run reports
21:27 Final thoughts
23:44 New book and future workshop
Show Links:
• QuickBooks: https://www.coachcarson.com/quickbooks
• Evernote: https://www.coachcarson.com/evernote
• The Emyth: https://amzn.to/1hpzjBb
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