EP 23 - Diana Irving on the Importance Having a Good Bookkeeper in Real Estate Investing

For this episode, we have Diana Irving joining us.  Diana has over 20 years of experience in the accounting and bookkeeping industry with numerous certifications in bookkeeping and integration software including being QBO Advanced certified.  She is a member of the Certified Professional Bookkeepers Association of Canada and she is continually educating and keeping up with the latest accounting principles and software.  She is also currently working on her CPA designation.  

In this episode, we go over the importance of having a bookkeeper as a real estate investor, especially if you want to bring on investors. We also look at the time and cost savings of having a good bookkeeper, the best questions to ask when you’re interviewing a bookkeeper and so much more. 

For those of you who want to grow your real estate portfolio or feeling overwhelmed, this is an episode you don't want to miss. 

Show Notes: 

Questions to ask a bookkeeper when looking for someone to fit your needsKnowing the difference between expenses and capital improvementsThe nuances of claiming depreciation on your property and the importance to looking at the big pictureThe importance of delegating vs abdicating Knowing the difference between a good bookkeeper vs someone who just does data entryHow keeping up-to-date on your business allows you to make informed decisions on a month-to-month basis and tax planningThe importance of providing professional financial statements to your JV partnersCan save money with your accountant with a good bookkeeperThe CRA recognizes digital receipts but still recommended keeping the original copy for nowThe necessity for a T776 form when filing your taxes for a rental property

Diana's contact info:

Diana Irving  BComm,

QBO Advanced Certified Proadvisor 

Off: (403) 278 5831      

[email protected]