Record a Refinance in QuickBooks скачать в хорошем качестве

Record a Refinance in QuickBooks

How to Record Refinance in QuickBooks Online | Real Estate Accounting Tutorial Are you feeling overwhelmed by a messy closing statement? In this video, I show you my proven system to record refinance QuickBooks transactions accurately without using confusing, massive journal entries. Whether you are a real estate investor or a bookkeeper for commercial properties, posting a refinance is a critical task that most people get wrong. I’ll walk you through my "Closing Exchange Account" method to ensure your books balance to the penny. 🕒 In this video, you will learn: The What & Why: Why you must reconcile your old loan (Loan A) before posting the new one. Loan Costs: How to handle origination fees and environmental fees using the "on the street" accounting method for non-GAAP financials. The Exchange Account: My secret weapon for catching errors (like the $12,000 mistake I catch live in this video!). Amortization: How to spread your $14,000+ loan costs over the life of the loan. 🏠 About Hudson Valley Bookkeeping We specialize in Commercial Real Estate Bookkeeping and QuickBooks Coaching. 00:00 The "On the Street" Refinance System 00:45 The Refinance Scenario: What, Why, and How 01:50 Crucial First Step: Reconciling Loan A 02:45 Chart of Accounts: Prep Before You Post 03:15 The 2015 GAP Rule vs. "On the Street" Accounting 04:30 Breaking Down Loan Origination & Environmental Fees 05:40 Amortization: Spreading Costs Over the Life of the Loan 07:05 Why I Use a Closing Exchange Account (No Journal Entries!) 08:20 Viewing the Balance Sheet Before the Refi 09:45 Step-by-Step: Paying Off the Old Chase Mortgage 11:15 Recording the New Provident Mortgage 12:30 How the Exchange Account Catches Posting Errors 14:00 Finalizing the Amortization Journal Entry 16:45 Get Personalized QuickBooks Coaching I'm Laurie Ellison from Hudson Valley Bookkeeping, Inc. We specialize in Real Estate QuickBooks coaching & Commercial Real Estate bookkeeping. ❕Book a FREE 15 minute Consultation with Laurie❕ Click the link to Schedule🔽 https://book.squareup.com/appointment... Visit our website: https://hvbookkeeping.com/real-estate... _______ FREE Downloadable Resources for You! ⬇ ⬇ ⬇ ⬇ ⬇ ⬇ ⬇ ✔Landlord Chart of Accounts: https://mailchi.mp/deeeabc1da5e/kvxd6... ✔Petty Cash Explained PDF https://mailchi.mp/hvbookkeeping/i1j2... ✔CAM Spreadsheet/Reconciliation Workbook: https://mailchi.mp/bcf2cfdb5e15/cam-r... ✔Sample Property Management Statement: https://mailchi.mp/84e8e387b867/g74df... _______ Do you need more guidance setting up your QuickBooks? We do QuickBooks COACHING on Zoom! Email me at📩 : hello@hvbookkeeping.com Call me at📱 : (914)294-2316