Real Estate Investing with Coach Carson #457: The Only 4 Bookkeeping Systems You Actually Need
Nov 7, 2025
Bookkeeping doesn't have to be overwhelming. Discover four essential systems that streamline rental property management in just an hour a month. Learn the importance of having a solid ledger and the benefits of bookkeeping software versus spreadsheets. Explore effective document storage solutions and the five-second rule for quick document retrieval. Plus, gain insights into using checklists for organized bookkeeping tasks. Finally, get motivated to implement one new system within the next month for better financial tracking!
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Bookkeeping As A Superpower
- Bookkeeping gives you visibility that slows down complexity and reveals trends in your business.
- Chad Carson calls that visibility a superpower that makes you a real estate investing
Use The Four Core Systems
- Keep four systems: books (ledger), record keeping, checklists, and reports.
- Implement each system so you can record transactions, store proof, follow routines, and generate insights.
Start With A Separate Bank Account
- Start simple: open a separate business bank account and track transactions in a spreadsheet.
- Download bank statements and label transactions to build a profit and loss with minimal time investment.