How we work with house flippers/builders
Budgets are made to be…followed as closely as possible of course! Flipping houses can be a significant undertaking - and the payoffs can be phenomenal. With current market conditions like they are, careful analysis and realistic budgeting are crucial in making sure your profit does not diminish into oblivion!
We have developed several methods of maximizing the feature of Quickbooks Online specifically for house flippers and builders. These include:
The use of Products/Services to build out detailed reports while keeping the general Profit & Loss streamlined
The use of the Projects Feature to give you a dashboard that shows profitability of each project at a glance
Receipt management and custom workflows for your team
What we do weekly or bi-weekly
Process receipts
Classify transactions by cost code and project
Update job costing by project
1099 prep, filing, and distribution
Communicate with your tax preparer and financial advisor
Quarterly Zoom meetings
Prices start at $650/month
What we do monthly
Reconcile bank, credit card, and loan accounts
Prepare profit & loss, balance sheet, and statement of cash flows
Prepare job costing by project report
Unlimited email support
What we do throughout the year
Common add-ons
Payroll support
Monthly Zoom meetings
Budgeting
Custom reports
Bill pay support
Invoicing support