Ehl Accounting

Rest is also an investment. 🌿

Recharge your mind today so you can start the week strong—both in life and in finances. 💼✨

Action cures fear.
— Schwart

We are what we repeatedly do.
Excellence then is not an act, but a habit.

—Aristotle

I WAS PRANKED.

Joy, one of the members of my team, kept on nagging me to join the Skype call.

On a Sunday night haha!

She said it’s going to be about a DC dry run she was preparing for for her prospect. Of course I couldn’t say no to that! Everybody’s so excited about it.

When I jumped on the call, while waiting for the other team members to come in, I even gave some casual tips when you’re about to do your 1st DC.

Once the group was completed in the call, Joy started saying something!!

I-susurpirse pala nila kami!

Suddenly, each one of them started talking and how they were so grateful for this group, family rather, that we’ve built altogether.

I was so surprised!

They even presented us certificates of appreciation- the team leaders & other guest speakers we invited over.

I was so touched!

Now I’m sharing it below.

Thank you, team !

I am indeed happy to be one of the fortunate people to have seen your growth game here.

As I’ve said in the call, if somebody’s going to ask me: “what is your team’s core value?”

At a snap, I would say: “helping other people beyond means”

And I must say this is what I learned too from the past 10 weeks (& counting) that we’ve all been together.

So yep.

Cheers y’all!

𝗪𝗲’𝗿𝗲 𝗴𝗶𝘃𝗶𝗻𝗴 𝗼𝘂𝘁 𝗳𝗿𝗲𝗲 𝗵𝘂𝗴𝘀 𝘁𝗼𝗱𝗮𝘆! 🎃🍁

82 days til the end of year & you are doing JUST great. You have been resilient since the beginning of the year. It’s a reminder that it’s never too late for you to do the things that you’ve been wanting to do.

Remember this: 𝗜𝗳 𝘁𝗵𝗲𝘆 𝗰𝗮𝗻, 𝘄𝗵𝘆 𝗰𝗮𝗻’𝘁 𝗜?

👻𝗕𝗼𝗼! 𝗬𝗼𝘂𝗿 𝘁𝗮𝘅𝗲𝘀 𝗮𝗿𝗲 𝗱𝘂𝗲!

𝗠𝗲: Get yourself a tax return preparer!

𝗬𝗼𝘂: But what do I look for in one?

Check this out!

--

🌀 Ensure the preparer signs and includes their PTIN
🌀 Make sure the preparer is available year-round
🌀 Review the preparer's history
🌀 Ask about service fees
🌀 Ensure their preparer offers IRS e-file
🌀 Understand the preparer's credentials and qualifications

--

Hope that helps you pick your next tax rockstar tax preparer!

𝟯 𝗼𝗯𝘀𝘁𝗮𝗰𝗹𝗲𝘀 𝘆𝗼𝘂 𝗰𝗮𝗻 "𝗼𝘃𝗲𝗿𝗰𝗼𝗺𝗲" 𝘁𝗼 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 𝘆𝗼𝘂𝗿 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗯𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗴𝗼𝗮𝗹𝘀!



✅ Tracking prepaid rental payments
- make sure you debit to rent expense to increase your expense and credit to prepaid rental to decrease the corresponding asset. ideally, post this every 30th of the month



✅ Reconciling loans, mortgages, and interest payments
- make sure you set up your loan on the date that you obtained it. prepare a table on your spreadsheets, for the incoming interest/payments/amortization until the end of loan. ideally update it every monthly cutoff depending on your contract of loan terms



✅ Accounting for capital accounts & tracking owner’s finance allocation
- make sure you capitalize the fixed assets and its borrowing cost. prepare also a spreadsheet beforehand so you know already how much to update on a timely basis



Hope that clears some confusion for real estate pros out there!!



Let me know in the comment section below any clarifications you have!



Do you experience the same obstacles?



hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag

✏️ 𝟯 𝗗𝗜𝗬 𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗠𝗶𝘀𝘁𝗮𝗸𝗲𝘀 𝘁𝗼 𝗔𝘃𝗼𝗶𝗱 & 𝗵𝗲𝗿𝗲’𝘀 𝗵𝗼𝘄!

Hey, real estate pros! If you're managing your own bookkeeping, it's crucial to steer clear of these three common pitfalls.

—

Avoiding these mistakes is key to maintaining accurate financial records.

How?

Work with a professional that specializes in the real estate industry.

Remember, 𝗽𝗿𝗲𝗰𝗶𝘀𝗲 𝗯𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝘀𝗲𝘁𝘀 𝘁𝗵𝗲 𝘀𝘁𝗮𝗴𝗲 𝗳𝗼𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘀𝘂𝗰𝗰𝗲𝘀𝘀!

🧾𝗗𝗼𝗲𝘀 𝘆𝗼𝘂𝗿 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝗯𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝘀𝘆𝘀𝘁𝗲𝗺 𝗹𝗼𝗼𝗸𝘀 𝗹𝗶𝗸𝗲 𝗮 𝘀𝗵𝗼𝗲𝗯𝗼𝘅 𝗼𝗳 𝗿𝗲𝗰𝗲𝗶𝗽𝘁𝘀?

Uh-oh. If you answered yes, then YOU gotta DO something about it. How?

We got your back!

It is our dream to help you figure out your figures. We would review your shoebox, I mean, your current bookkeeping system. We’ll give you our audit findings and recommendations.

We will strategize & make sure you’re just on time for your monthly financial reporting.

Now, book a call on my calendly page (check 1st comment below).

Too busy? Ok just comment below and I myself would reach to you. See ya!

How does a 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝙀𝘼𝙍𝙉?

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𝗪𝗲𝗲𝗸 𝟴

Cheers to everyone who made it 'til the end of our last week's 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗰𝗮𝗹𝗹!

With our special guest, TL Nikkie John Abilar & our very own Ms. Mary Ann Chiu🔥🔥

You guys made it here.

𝗣𝗮𝘁 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝘃𝗲𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗯𝗮𝗰𝗸 𝗰𝗼𝘀 𝘆𝗼𝘂'𝗿𝗲 𝗮𝗹𝗹 𝗱𝗼𝗶𝗻𝗴 𝗴𝗿𝗲𝗮𝘁!

I am so happy to be a part of your journey.

Every week, I pray that even just a little, my fellow team leaders and I were able to impart a bit of knowledge to you, our dear TEAM.

This is not the end.

This is just the beginning of a wonderful and career for each everyone of you.

Kampay!