Investing in multifamily real estate is a profitable approach for generating cash flow and developing a solid investment portfolio in a single real estate transaction. To learn how to buy a multifamily property, start by identifying your budget. Then, explore property types and communities, select a lender, and calculate profitability. Whether you decide to flip…
Hiring in the construction industry is unique due to the seasonal and project-based nature of the work, as well as the diverse range of specialized skills and safety considerations required for various construction roles. To hire construction workers effectively, you’ll need to implement a solid recruiting and vetting process to take you from writing your…
In this article, you’ll learn how to run a profit and loss (P&L) statement in QuickBooks Online. A P&L report, also called an income statement, consists of income, expenses, and net profit over a specific period. This guide will teach you how to set up basic options for the P&L report and how to customize…
In this lesson, we’ll illustrate how to create a balance sheet in QuickBooks Online. First, we’ll show you how to generate the balance sheet with basic setup options, then we’ll teach you how to further customize the report. We also included a sample balance sheet, and we’ll walk you through its different sections. This course,…
Microsoft Excel is an invaluable tool for accountants to perform complex mathematical calculations that traditional bookkeeping software doesn’t provide. We don’t recommend that you use Excel as your primary bookkeeping system. However, it’s a fantastic tool to supplement your bookkeeping platform by performing needed reconciliations and calculations. We discuss how you can use Excel to…
The best way to accept credit cards will depend on your business needs and the type of business you have. For example: Brick-and-mortar shops should purchase and set up a point-of-sale (POS) system Mobile businesses will want to use a mobile payment processor with a card reader or one that uses tap-to-pay Online-only businesses need…
In this lesson, we’ll teach you how to run a statement of cash flows in QuickBooks Online. You’ll learn how to set up general options for your cash flow statement and how to customize it using the different elements available in QuickBooks. We prepared a series of free QuickBooks tutorials, including this short lesson, to…
If you’re wondering how to use the Grasshopper phone system, it’s as easy as selecting your plan and number, downloading the app, and creating your greetings and extension. After these steps, you can start making and receiving calls and texts. Read on to learn how to use your new voice-over-internet-protocol (VoIP) platform and get some…
