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Level 1

Does anyone have a detailed how-to on using Quickbooks for flipped houses?

I have a few different how-to's on using Quickbooks for flipping houses, but they are lacking in detail and aren't working the way I want them to. I want each property listed separately so I can track what was spent and earned on each of them. I tried entering each as a Customer: Job, entering items and then writing checks, but then absolutely nothing shows on the Transactions for that Customer:Job, even though I've assigned the check to that job. If someone has a detailed how-to with pictures and final report, that would be helpful. Even if you can explain it , that;d be helpful. Like "Enter Customer: Job/ Enter Expense/ Etc." Thank you! 

2 Comments
Level 15

Does anyone have a detailed how-to on using Quickbooks for flipped houses?

You already asked two days ago, got answers here, and I attached my own Handout for Flipping:

https://quickbooks.intuit.com/community/Do-more-with-QuickBooks/How-do-I-manage-quot-flipped-quot-pr...

Level 15

Does anyone have a detailed how-to on using Quickbooks for flipped houses?

Let me answer this part for you:

"but then absolutely nothing shows on the Transactions for that Customer:Job"

 

Because you have no transaction in the name of that Customer:Job = No sales event, at this point.

 

A Check to pay the electrician, has the Name of the Electrician = source Name. The Job Details are on the items tab, and you allocate to as many jobs as you are paying them for, on this one purchase. These are Target Names.

 

You have no customer Transaction, But you have Job Costs as expenditures, from those details.

 

All of this is in that attachment I provide, including  Images.

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