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Matt Bussey

Amazon FBA, Bookkeeping, Parenting, Biohacking, Parenting, Relationships

Quickbooks Online

Quickbooks Journal Entry – 7 Properties to Commercial Loan

The following is the journal entry I used to record the closing of a commercial loan.  In this transaction, I put 7 total properties under a commercial loan, 6 were originally on land contracts and 1 was fully paid off.  Here is a summary of each of the line items: 1.  Type of account: Long…
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February 3, 2015

Setting up a rental property in Quickbooks Online

The sole purpose of this post is to document the process by which I bring a new rental property into my accounting system, Quickbooks online. Create Your Asset Accounts (3 total) Think of it this way, you will need one account (or in this case, one account with two sub-accounts) to track the value of…
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February 1, 2015

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