A Worst Scenario: Using QuickBooks with a Residential-First Software
One common 'niche' or specialized practice for Accountants, Bookkeepers, Consultants and ProAdvisors is 'Real Estate.' Like surgeons, who then have a sub-specialization of say 'Orthopedic' surgery, or 'Thoracic' surgery, an Accountant with a Real Estate niche may choose to sub-specialize in either 'Commercial' or 'Residential' real estate. The key is to always know the differences because they are not handled in the same method as we will see in this month's "Know Your Niche: Real Estate Accounting" feature.
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About the Author
Jeri Frank is the Co-founder and CEO of STRATAFOLIO, a leading software platform that integrates seamlessly with QuickBooks to simplify the complex world of commercial real estate management. A recognized thought leader, Jeri contributes regularly to the Forbes Business Council and has shared her expertise through IREM and CCIM podcasts and webinars. STRATAFOLIO has earned top industry recognition, including being named a top platform by CREtech, selected for the National Association of Realtors REACH program, and listed by Houlihan Lokey as a top property management system for several consecutive years. STRATAFOLIO consistently earns 5-star reviews from platform users for its unique ability to reduce manual activities by 80%. You can find links to many resources and guides on their website.
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