Updated over 7 years ago on .
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Quickbooks chart of accounts
What is a good, basic chart of accounts template to use for buy and hold / BRRRR REI .
I have the John Hyre "kiss guide" book, but the chart of accounts is fairly complex ,and seems like
overkill . It's a helpful guide on using quickbooks, but i don't want to do a cost segregation etc.
I have 2 LLC's , a 4 plex and 3 single family units plus a speck house under contract. One LLC
is a SDIRA (the spec. house and 1 SFH). I've loaded the 4 plex with cost segregation as directed
in the book (pain in the @#$%) I'm not even sure you can do that your self, and think simply
capitalizing the rehabs and taking standard depreciation would be better for now.