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Dear Successful Investor, July 16, 2008
Hi, I'm Jonathan Andrew Wolter, an entrepreneur involved in real estate investing for years just like you. I'm also a QuickBooks Certified ProAdvisor.
Would you like to master your landlording company's bookkeeping once and for all, and rarely (or never) be totally frustrated and bogged down with bookkeeping?
"Your book ROCKS!!! I can't tell you how well written it is, and contains the right amount of detail and great organization. It's easily the best money I've invested in bookkeeping."
- Andy W, Californian real estate investor, construction company owner, and formerly worked for Intuit, the makers of QuickBooks.
Don't spend one more minute struggling in QuickBooks for your rental properties, invest in your business by buying my kit today.
My family's business uses QuickBooks and has for the last several years. It has revolutionized how we do bookkeeping. We can cut down a full days worth of filing, calculating, recording, and note-taking into a few hours... but only now that we know what we're doing. Not only do we save time in day to day bookkeeping, we can also generate a multitude of detailed reports for different properties and tenants.
Even if you don't buy my eBook, please at least get QuickBooks to streamline your company's finances!
If you do buy my eBook, you'll also receive a Sample QuickBooks Company file with a year of real estate related transactions. And I'll throw in a Blank Template Company file for you to get started with. I can get you up and running on Windows or Mac QuickBooks Pro 2003, 2004, 2005, 2006, and 2007. (Let me know if you're on a mac and I'll give you special files). The files you download are from QuickBooks Pro 2003 and can be imported to upgrade to your version. (Once again, if you're on a mac, or have any troubles with importing, contact me and I'll give you personalized assistance). Buy an older version on eBay and you'll save a bundle too - and have all the functionality you need!
I've set up free support forums for using QuickBooks for Real Estate Investing. There you can ask questions, learn more about the eBook, and meet other investors. (Note, this site is new so the forums are still a little empty - leave a post and I'll answer your questions! -Jonathan)
You don't even need to purchase the product in order to use and post on the forums. They are free for everyone.
Our company uses Quickbooks, and it's got some amazing reporting, tracking, and "how am I doing" capabilities--but it isn't easy to set up. The problem is if you set it up the wrong way, all your diligence in making entries may be hurting you when you can't get the report you need.
QuickBooks is easy to use, but quite difficult to set up (it's very powerful) so I'm here to make everything simple!
"Hi, I think your eBook is excellent, and I've read it through a few times as I have been updating [my books].
The book has helped because I can look in the contents for the topic and go straight to the page. I sometimes read it over
2 or 3 times. QuickBooks is not intuitive so your book breaks it down in great detail and answers questions you don't know you even have!"
- Liz from Connecticut: Real estate investor who owns rentals and does short sales and rehabs in multiple entities. Purchased eBook: January 2007.
I used QuickBooks Pro 2003 to build this tutorial. You can import the data file into newer versions on Windows. If you have difficulties importing your file, contact me. Why did I use an older version? Many of my customers are using an older version, and 2006 or 07 version files could not be imported by their version. Also, you can buy an older version on eBay for much less (perhaps half off retail), and it gives most people the features they need.
Check the competition by searching google, I have watched them for the last three years and nothing out there has the depth and clarity of my product: "LandlordAccounting.com: QuickBooks for Real Estate Investors."
When our company started using QuickBooks years ago, we had to learn the hard way how to set up the company file. We spent hundreds of dollars asking our accountant questions, learning by trial and error, and reading many books available on the subject.
If only then we had what I am offering you now: a visual training manual written specifically for landlords who want to use QuickBooks for their bookkeeping!
The books we studied didn't answer all of our questions: so we developed an internal training manual and reference guide. I posted information about it on the web and the demand from other investors was tremendous. From then (in 2004) I've been perfecting and refining the training manual and a sample company file, full of 100's of transactions!
Over 500 of you sent in emails asking me to share this manual, but I had to say no... until now. Some people have called me a perfectionist but everything wasn't ready until now. Today the book is complete and I can share this information with you. Included are hundreds of step by step instructions and screen shots of me using QuickBooks which take you through every common task.
You'll get real life help, from someone who understands your frustrations and common landlording tasks.
1.01 Who Should Read This Book
1.02 What this Book Is
1.03 What this Book Is Not
1.04 When is a Good Time to Read and Implement this?
1.05 How this Manual is Designed
1.06 QuickBooks is not Quicken
1.07 Benefits of QuickBooks
1.08 My Personal Goal
2.01 Why Does a Landlord or Investor Need Accounting?
2.02 The Basic Accounting Equation
2.03 What is an Account?
2.04 What is The Chart of Accounts?
2.05 Debits and Credits
2.06 Introducing the Balance Sheet
2.07 Introducing the Income (P & L) Statement
2.08 The Sum of all Debits = the Sum of all Credits
2.09 What is Double-Entry Accounting?
2.10 Cost Basis and Adjusted Basis of Property
2.11 What is Depreciation?
2.12 What are Capital Improvements versus Repairs?
2.13 Cash Accounting, not Accrual
3.01 Install QuickBooks
3.02 Open a Sample Data File
3.03 Transactions in the Sample File
3.04 Introduction to the QuickBooks Environment
3.05 Properties are "Customers" in the "Customer:Job List"
3.06 Tenants are "Jobs" in the "Customer:Job List"
3.07 Every Account is in the "Chart of Accounts"
3.08 Properties are Asset Accounts
3.09 Some Accounts have a "Register"
3.10 Rent is Your Primary "Item"
3.11 Properties use a "Class" or "Sub-class"
3.12 "Invoices" make Rent Due
3.13 "Items" go in Every Invoice
3.14 Customize Invoice Templates with your Logo
3.15 "Memorized Transactions" Occur Automatically
3.16 "Write Checks" don't "Pay Bills"
3.17 Write Checks
3.18 "Make Deposits" versus "Receive Payments"
3.19 The "Vendor List" is for Companies You Pay
3.20 If you have employees use the "Employee List"
3.21 People on the "Other Names List"
3.22 Delete and Void Transactions
3.23 "Merge" List Items
3.24 "Reconcile" your bank account
3.25 Online Banking Setup
3.26 "Split Transactions"
3.27 Changing QuickBooks "Preferences"
3.28 "Back up" your Company Data
3.29 "Restore" your Company Data
3.30 Enter Your Reimbursable Expenses in Journal Entries
3.31 Order Checks
3.32 Payroll Options
3.33 Suggested Approach to Starting Your Company File
3.34 You Must Complete Company Information
4.01 The Basics of Properties in QuickBooks
4.02 Record Earnest Money in an Offer to Purchase
4.03 Record a Purchase with Cash
4.04 Record a Purchase with a Conventional Mortgage
4.05 Financing from another Property (or an Investor)
4.06 Record a Hard Money Loan or Line of Credit
4.07 Add an Existing Company-Owned Property
4.08 Transfer a Property you own into Your Company
4.09 Contribute Properties with Accumulated Depreciation
4.10 Accounting for Escrow Impound Accounts
4.11 Record Maintenance Expenses
4.12 Record Capital Improvements
4.13 Pay a Mortgage
4.14 Sell a Property
5.01 Add a Tenant to a Property
5.02 Charges Residents for Rent
5.03 Receive Rent
5.04 Manually Charge Late Fees
5.05 Automatically Charge Late Fees
5.06 Deal with Bad Checks
5.07 Send Statements to Tenants
5.08 Enter Prepaid Rent
5.09 Receiving Prepaid Rent
5.10 Charge for Damages while Rented
5.11 Enter Deposit to Hold a Unit
5.12 Enter Security Deposits
5.13 Enter Security Deposit and First Month's Rent Together
5.14 Fully Refund Security Deposits
5.15 Partially Refund Security Deposits
5.16 Write Off Rent as Uncollectible
6.01 "Reminders" and "To Do" Lists
6.02 Define Fields for Customers and Jobs
6.03 Paying an Owner who is not on Payroll
6.04 Reimburse someone's purchase for the company
6.05 Tracking Company Startup Costs
6.06 Common Area Maintenance (CAM)
6.07 Contributing Cash into Your Company
6.08 End of Year
6.09 Operating as a Management Company for Clients
6.10 Acting as a Hard Money Lender
6.11 1-Line View in the Register
6.12 Using an Accountant's Review Copy File
6.13 Merging your Accountant's Changes
6.14 Keyboard Shortcuts
7.01 Using Reports
7.02 QuickReports
7.03 Profit and Loss (Income Statement) Standard Report
7.04 Profit and Loss Detail Report
7.05 Profit and Loss by Property
7.06 Profit and Loss for One Property
7.07 Balance Statement Standard
7.08 Balance Statement Details
7.09 Modifying Reports, using Filters, and More
7.10 Reports to Find and Correct Errors
7.11 Running a Rent-Roll (Report on Overdue Tenants)
7.12 Historical Charges and Payments by Tenant
7.13 1099 Reports for Vendors
7.14 Report on Asset Value Changes per Property
7.15 Report on Capital Improvements per Property
7.16 Building Insurance Expiration and Status Report
7.17 Tenant Move-In-Date and Contact Information Report
7.18 Using Customer Type for Enhanced Reporting
7.19 Reports for Property Management Clients
7.20 Reports of Property Management Client's Earnings
7.21 Special Charges Report to Client
7.22 Congratulations you made it!
Sole Proprietorship
LLC
Multiple Entity Structure
Other Structures
What you see to the right is the actual table of contents.
Every task is explained in graphical detail, with many screen shots and step by step instructions.
Over 100 illustrated images clearly explain each concept
Tasks are explained through step by step instructions, as well as clearly labeled images
Create and customize invoices to send out to tenants for late fees, damages, maintenance, or more.
If you buy the product and for any reason don't feel it was worth what you paid, just tell me within 30 days what it is worth to you and that is all you will pay. For example, if you buy it but 10 days later think it's only worth $45, $30, or even only $0.02, I'll refund the excess.
By ordering today, you will be able to immediately download the pdf, sample company file, and blank template company file.
I'm a Certified QuickBooks ProAdvisor. This means that I am an expert you can trust who has spent many years working with the finer points of the software.I have taken great care to answer the questions companies of our size would ask (10-40 properties). That said, you may not want to buy if:
Without guidance, you can easily spend hours (or days) attempting to configure and reconfigure QuickBooks for landlording.
You probably already know, QuickBooks is a powerful program that can be used for any business: from a construction company or attorney's office to a petting zoo or amusement park!
I know all too well how other books on the market fail to answer fundamentally important questions for landlords.
When you use my training manual you will:
You will receive more than an eBook:
Again, thanks for sharing this and I look forward to when it is in final print! If I find anyone who can benefit from this I will send along his/her email to you to contact. - Mike, Investor
Today your company can benefit from our knowledge of setting up and efficiently using QuickBooks!
QuickBooks is easy to use, but quite difficult to set up (it's very powerful) so I'm here to make everything simple!
I want to make it as simple as possible for you to make a decision to purchase. Here is a video walkthrough of paying for and accessing the products. (1 min 25 seconds). Watch how to purchase and access your content.
Double click the play button above to start the video.
"Jonathan: I've learned more this week from your e-book about setting up QuickBooks than I knew from using them the past year. Thanks for your help."
- Suzan Purchased the eBook in Feburary 2007.
Yes Jonathan! I want you, the Certified QuickBooks ProAdvisor, to help me save time and money!
P.S., Remember you're satisfaction is guaranteed. If not satisfied, tell me within 30 days how much it was worth to you ($20, $45, $74... whatever) and that's all you pay. I'll refund the excess, no hard feelings.
I have sold hundreds of these eBooks and fewer than 4% of the people ever ask for a refund. If you're a landlord, I promise you this will be very helpful.
Take a look at the free forums to post your questions and read what other people have asked about the product.
Oh, and while we are investors, lets not forget people who are less fortunate than us. Please send malaria nets to Africa. 3000 children die each day due to Malaria, you can help by sending $20 to this UN organization. Or $1000.
It will not hurt us, and only can help others in need. I sent some nets, and should send more. Click the banner below to help.
