I’ve been working with clients in accounting for real estate for quite some time now. I’ve seen and entered many a Hud-1 Final Settlement Statement. During a 1:1 session I had with a client recently, I was very impressed with what he had done. Here’s how to use Quickbooks Online to Record a Hud-1 Final Settlement Statement.
I’m learning how to use QuickBooks Online to Record a Hud-1 Final Settlement Statement with @nerdenterprises
I taught “Mike” how to use QuickBooks Online to record a Hud-1 Final Settlement Statement. After our session, he replayed the video from that session. He played, and paused, as needed, and compiled a checklist for how to get a Hud-1 entered.
Michael is amazing when it comes to finding the right opportunities, buying properties, rehabbing them. Then he sells them at a nice profit. When it comes to accounting for real estate, well that’s what he hired me for. He may not completely understand the accounting, but I taught him how to record a journal entry. Mike, in turn created a checklist, which he now uses, whenever he enters a Hud-1.
The checklist he made is by no means all inclusive. My suggestion to you, is use it as a guide, and create your own as you enter yours. You may need to account for items, which aren’t on here, and you will find things on here that don’t apply to you.
Watch the video (above) on how to use QuickBooks Online to record a Hud-1 Final Settlement Statement. You will see how to enter the very same Hud-1 that this checklist is based on. You should be able to use the video along with the checklist above as a guide for you to create your own checklist, as you learn how to use QuickBooks Online to record a Hud-1 Final Settlement Statement.