QuickBooks for Real Estate Rental Properties - How to account for the security deposit
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@nerdenterprises: That makes sense.
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This video is exactly what I am looking for to learn about this area but it goes by too fast that I had to give up after trying to follow along a few times. Please slow down and make the screen easier to read, after all this is supposed to be a tutorial.
wapleking 8 months ago
@wapleking You may want to try the original. This is after all a FREE tutorial. The original which is linked in the description gives a better quality rendering. It was recorded a long time ago. On older software. Also if you are serious about learning accounting for real estate then visit my real estate accounting website and sign up there. This is also linked in the description of this video. 5,189 views and one complaint on a free tutorial? I'll take it.
nerdenterprises 8 months ago
@nerdenterprises: Why not record the security deposit as a long term liability instead of current liability since most people are in their units for more than a year?
jesusneverexisted300 3 weeks ago
@jesusneverexisted300 I would only classify it as long term if the lease specifically provided for a term of more than 1 year. Since most leases are for exactly 1 year and then usually month to month after that it is more appropriate to classify it as current.
nerdenterprises 3 weeks ago
I am sure that this is quite good, unfortunately, it is impossible to see anything.
radbcc 1 year ago
@radbcc Thanks for your comment. You may want to try watching it in full screen mode by clicking the icon at the very bottom right of the video screen with the 4 arrows pointing diagonally to each corner. There is also the original link in my blog which will launch this video in a new window in your browser. This should play much larger and make it easier to see. I have placed it in the description above for your convenience.
nerdenterprises 1 year ago