The “Tracking Real Estate Investments And Rental Income In GnuCash Mini Course,” is designed to give you a robust foundation for property accounting. The curriculum covers the most challenging aspects of real estate accounting—initial setup, mortgage handling, and capital expenses. It includes a standard real estate investor chart of accounts template or clear instructions for setting it up. This is invaluable, as a proper setup ensures you can accurately track your cost basis on each property and generate the reliable Profit & Loss reports needed for tax purposes. The tutorials will also demonstrate how to correctly enter financial transactions, showing you when to use simple versus split transactions. And you can still customize the chart of accounts to suit your specific portfolio
By the end of the course, you’ll have a fully functional bookkeeping system, and will be able to generate clear financial reports, and the confidence to make better business decisions. Before starting you should have a basic understanding of how to use GnuCash including how to enter simple and split transactions.
Curriculum
- 1 Section
- 10 Lessons
- 6 Weeks
- Course Topics10
- 1.1Introduction
- 1.2Uploading the Sample COA Template
- 1.3Entering The Opening Balances
- 1.4Initial Property Setup
- 1.5Entering Mortgage Payments
- 1.6Tracking Core Operating Expenses
- 1.7Tracking Rent and Security Deposits
- 1.8Tracking Repairs vs Improvements
- 1.9Entering Depreciation
- 1.10Generating Financial Reports