The Real Estate Chart of Accounts

#SimpleNumbersInc #FinancialManagement

Are you relying on bookkeeping just to get your real estate business ready for tax season? While taxes are important, there’s a deeper value to proper bookkeeping that many overlook. Today, I will explain how bookkeeping is an effective tool for understanding your business's health and making smart decisions. Discover how tracking the right numbers helps you avoid reactive choices and improve profitability. Just check out the video to learn more. Learn more: https://blog.simple-numbers.com/are-you-using-bookkeeping-to-boost-your-real-estate-business.html Timestamp: 00:00 - Introduction 00:34 - Why you need to do a bookkeeping 02:07 - Why bookkeeping keeps us on track 02:43 - Reach out for bookkeeping assistance #SimpleNumbersInc #FinancialManagement #RealEstate ------------------------- 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ Andy Mulholland Simple Numbers Inc. 9383 Cut Across Rd Houston, MN, 55943 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

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Are you still mixing your business and personal accounts? Doing so can lead to financial confusion, wasted money, and even IRS audits. Today, I’ll explain why keeping your business and personal funds separate is essential for financial clarity and long-term success. By making this simple change, you’ll gain better control of your profits, expenses, and avoid costly mistakes. Find out today why separating your accounts can improve your real estate business finances and help you make smarter financial decisions. Learn more: https://blog.simple-numbers.com/why-mixing-personal-and-business-accounts-is-hurting-your-bottom-line.html Timestamp: 00:00 - Intro 00:29 - What is Bookkeeping 00:52 - One Account For Personal And Business 01:49 - Lack of Insight 02:18 - Lack of Clarity 02:46 - Trouble With IRS 03:13 - Reach Out #SimpleNumbersInc #FinancialManagement #Bookkeeping ------------------------- 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ Andy Mulholland Simple Numbers Inc. 9383 Cut Across Rd Houston, MN, 55943 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Are you relying on monthly reports to make important business decisions? The problem is, these reports can be misleading, especially when unexpected expenses or delayed events throw off your numbers. Today, I’ll explain why focusing on rolling reports like the three-month and 12-month averages gives you a clearer, more accurate picture of your business’s health. By looking at trends over time, you’ll make smarter decisions and avoid the pitfalls of one-off events. Learn how rolling reports can transform the way you track so you can have a better view on your numbers. Learn more: https://blog.simple-numbers.com/why-rolling-business-reports-are-better-than-monthly-reports.html #SimpleNumbersInc #FinancialManagement #bookkeeping Timestamp: 00:00 - Intro 00:17 - What Reports To Look At 01:02 - Monthly Reports 01:55 - Three Month Rolling Report 02:22 - Twelve Month Rolling Report 02:47 - Reach Out ------------------------- 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ Andy Mulholland Simple Numbers Inc. 9383 Cut Across Rd Houston, MN, 55943 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Is your real estate team struggling to stay profitable despite all your hard work? Many teams lose money because they rely too much on personal sales, overspend on leads, and lack the financial insights they need to grow. Today, I’ll show you how a real estate-specific chart of accounts can uncover hidden profit leaks, reduce unnecessary spending, and increase accountability within your team. You’ll learn the exact steps that helped one struggling team transform their finances and achieve real profitability. Find out how you can ensure your real estate team stays profitable and avoid losing any money. Learn more: https://blog.simple-numbers.com/how-our-real-estate-chart-of-accounts-saved-a-struggling-team.html Timestamp: 00:00 - Intro 00:10 - The Problem 00:35 - What We Did 01:00 - Gross Profit Was Low 01:23 - Overspending On Leads 02:09 - Reach Out #SimpleNumbersInc #FinancialManagement #BookKeeping ------------------------- 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ Andy Mulholland Simple Numbers Inc. 9383 Cut Across Rd Houston, MN, 55943 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement