Rankin.Bookkeeping

Helping Small Property Management Companies Stay Compliant & Financially Clear | QBO | Trust Accounting | ProAdvisor

[Rankin.Bookkeeping @GRankinBook]

Bookkeeping Cleanup is crucial for small businesses. Want way to learn how to succeed check out this post: https://t.co/TgvqeukgyU

[Rankin.Bookkeeping @GRankinBook]

Check out this post on Nextdoor: https://t.co/Ywplg76HCA

[Rankin.Bookkeeping @GRankinBook]

The Missing Receipt: https://t.co/Ywplg76HCA

[Rankin.Bookkeeping @GRankinBook]

Is your money working for you or against you?
Check out this post on Nextdoor: https://t.co/rXubMOQeQd

[Rankin.Bookkeeping @GRankinBook]

“Something is changing?”Your numbers know, but are you listening. Financial signs are there long before showing operationally.When consistently reviewing the numbers, patterns start standing out.Checking monthly helps so small changes don't become large misses. #Bookkeeping

[Rankin.Bookkeeping @GRankinBook]

You don’t wait until the entire house is out of control to start cleaning. Good bookkeeping works the same waySpring cleaning your books isn’t just about getting organized. It’s about making your business easier to manage moving forward.Need a Spring Cleanup I can help with that.

[Rankin.Bookkeeping @GRankinBook]

Client said to me “I don’t like QuickBooks, it just never worked for me.”But….QuickBooks wasn’t his problem
Software can’t replace accounting structure.

If your business need structure. Rankin Bookkeeping can help.
#bookkeeping #business

[Rankin.Bookkeeping @GRankinBook]

Can you spend money on improvements? Hire more people? Afford that piece of equipment? Financial stress starts long before a business runs out of money.People think bookkeeping is about tracking the past, is actually about reducing uncertainty in your future.
#BookkeepingMatters

[Rankin.Bookkeeping @GRankinBook]

I ask new client the same question before I look at asingle transaction.Their answer tells me everything about the health of their business before I open one https://t.co/WYYcIM2cyJ question. And I already know what I'm walking into.Guess in the comments
#BookkeepingMatters

[Rankin.Bookkeeping @GRankinBook]

Spring cleaning usually means closets, garages,and storage bins,but what about your books.A clean set of books means knowing where your money is going and make better decisions.If you haven’t touched your books in months (or years),I can help you. #knowyournumbers #bookkeeping

[Rankin.Bookkeeping @GRankinBook]

Are You Reconciling the Trust
Trust bank = zero, Owner Payable = zero, Management Fee Income shows themanager's earnings. It’s proof that every dollar collected was either paid to the owner or held https://t.co/HqLYsAfpys your trust is setup right #bookkeeping #TrustAccounting

[Rankin.Bookkeeping @GRankinBook]

If your expenses aren’t categorized correctly,your reports won’t tell the truth.When you understand the reasoning behindthe numbers that's when growth truly happens.Good decisions require accurate categories. It's spring, does your COA need Cleaning?#bookkeeping
#Cleanup

[Rankin.Bookkeeping @GRankinBook]

Avoided looking at your numbers, unsure of what they’ll find. Cleanup cost got you nervous, what if it could make a million-dollar difference. Successful business owner don't leave money on the table, Cleanups are the best investment they'll ever make
Let me look #bookkeeping

[Rankin.Bookkeeping @GRankinBook]

Income vs Cash: Not the Same Thing
Got money in the bank and still not profitable. Profitable and still feel broke.
Understanding the difference matters.
#Bookkeeping #CashFlow #Knowyournumbers #Smallbusiness #Propertymangement

[Rankin.Bookkeeping @GRankinBook]

“I Think I’m Profitable"But haven’t looked at clean numbers to confirm it.Profit isn’t a https://t.co/7vEWCxzHst’s
numbers.Feeling is a mental verb, Your true numbers reflect actual financial transactions.#bookkeeping #KnowYourNumbers #smallbusinesssupportingsmallbusiness

[Rankin.Bookkeeping @GRankinBook]

What Bookkeeping Does for Your Business and it isn’t just data https://t.co/POVvAeFnpe tracks:What’s coming in,What’s going out,What your business actually has.Without it, you’re making decisions without real numbers.Are you sure of your numbers? Free evaluation #KnowYourNumbers

[Rankin.Bookkeeping @GRankinBook]

Before you pay ANY contractor:Get W-9 form: Enter Tax ID in QuickBooks:Track payments. Year-end QuickBooks/Reports/1099 Detail Report.Send to CPA. Pro tip:Create a W-9 Collection' folder #bookkeeping
#1099s #ContractorManagement #TaxTime #Propertymanager #Bookkeeping #QuickBooks

[Rankin.Bookkeeping @GRankinBook]

Property managers, your balance sheet tells the real story. P&L =shows performance.Balance sheet +responsibility.If you're not sure your Trust Accounts are setup right in QBO I'll be happy to help #Trustaccounting #propertymanager #Bookkeeping #BalanceSheet #QuickBooks

[Rankin.Bookkeeping @GRankinBook]

Managing properties in QuickBooks yourself, can fell like herding cats if you don't understand QBO.Using Classes is the fix. Set this up correctly, and you won't spend months trying to get someone to fix it later. Need help?#QuickBooksOnline #PropertyTracking #PropertyManagement

[Rankin.Bookkeeping @GRankinBook]

Owner distribution calculation: Rent Collected - Expenses - Management Fee = Owner Gets. You can set this up with Classes in QuickBooks to be done automatically. No more calculator. No more Excel spreadsheet. #OwnerDistributions #PropertyManagement #Bookkeeping #TrustAccount