How to Accrue Estimated Property Taxes in QuickBooks Online

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Index

0:16 Start of video
0:50 Create a journal entry, you want the property taxes hitting the account evenly each month
1:23 Add the account type for Property Taxes payable, which is why it's a payable
3:00 Go to reports, profit and loss, view the property taxes for Jan
3:47 Make it a recurring monthly journal entry
5:24 Create an entry to get the property amounts right
5:53 Run a balance sheet for last year to see property taxes payable
6:19 Using Seth's trial balance adjustment template
8:14 Adding the journal entry from the template


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