Fast Trac Consulting

Fast Trac Consulting FTC helps the real estate industry with accounting and bookkeeping using QuickBooks. From catchup, cleanup, setup, custom reporting, and integration.

Gita Faust of Fast Trac Consulting is one of the nation’s leading authorities on QuickBooks with a niche in the real estate and property management industry. She is a widely recognized author, national speaker, and mentor, as well as a professional accountant with over 30 years of experience. Gita is an Advanced Certified QuickBooks ProAdvisor, Intuit Premier Reseller and a member of Intuit’s Trai

ner/Writer Network. She is also certified in QuickBooks Point of Sale, QuickBooks Enterprise and QuickBooks Online.

🎉 Big news: goal achieved!After a LOT of studying and real-life testing, I’m officially Intuit Enterprise Suite Certifie...
02/13/2026

🎉 Big news: goal achieved!

After a LOT of studying and real-life testing, I’m officially Intuit Enterprise Suite Certified ✅

If you’ve ever thought, “I *think* we’re doing fine…” with your numbers, this is the work that turns it into “Here’s exactly what’s happening” – in real time.

Here’s the fun part for me (and the clarity boost for you):
- BI dashboards and KPIs that tell you what’s really working
- Forecasting and budgets so you can make decisions with confidence
- Cash flow planning so growth doesn’t become a cash crunch
- Property and job costing reports that show which doors, projects, or clients are truly profitable
- Multi-entity, intercompany, and consolidated reporting for growing portfolios

Quick question for you 👇

When you look at your financials right now, which feels most true?

A) We’re guessing.
B.) We’re okay, but it’s messy.
C) We have a clear, real-time picture.

Drop your letter in the comments and add “IES” if you want my help getting from A/B to C.

You can also message me directly if that’s easier.

BTW, I’m also certified in QuickBooks Online and QuickBooks Desktop Enterprise, so we can support you across platforms as you scale.

🎤 Welcome to the 2026 Real Estate Accounting BeeWords Everyone Uses… Few Can ExplainYou don’t mispronounce these anymore...
02/06/2026

🎤 Welcome to the 2026 Real Estate Accounting Bee

Words Everyone Uses… Few Can Explain

You don’t mispronounce these anymore.
You say them confidently.
That’s the problem.

Let’s begin.

🔹 Accrued
Sounds smart.
Used often.
📌 Means revenue or expenses recorded when they happen, not when cash moves.
✍️ If you can’t explain when it hits the books, it’s not accrued — it’s guessed.

🔹 Cash Flow
Everyone’s favorite word.
📌 It’s what’s left after operating expenses and debt service.
✍️ If distributions came from capital, that wasn’t cash flow. That was optimism.

🔹 EBITDA
Dropped casually in meetings.
📌 A performance metric — not a bank balance.
✍️ Helpful in some industries. Frequently abused in real estate.

🔹 Waterfall
Sounds peaceful.
📌 It’s the order money gets paid out — and who waits patiently (or not).
✍️ If you don’t know where you sit, you’re already downstream.

🔹 Clean Books
Often declared.
📌 Clean means accurate, timely, reconciled, and defensible.
✍️ “My CPA can figure it out” is not a definition.

Confession:
Most people don’t butcher the words anymore.
They butcher the meaning — with confidence.

So now your turn 👇
Which term do you use all the time…
but would rather not define out loud?

(You’re safe here. Mostly.)

I am in early conversations on a small syndication and I’m taking my time (on purpose). Before money, before returns, be...
01/26/2026

I am in early conversations on a small syndication and I’m taking my time (on purpose). Before money, before returns, before excitement, I care about things most people skip:

->> Making sure the entity structure actually makes sense
->> Using cost segregation the right way, not the rushed way
->> Books that don’t need “cleaning up later”
->> Accounting that supports taxes instead of creating surprises

Not flashy. Not sexy. But this is how deals stay calm long after closing.

If you’re someone who likes real estate conversations without pressure or hype — and appreciates when the numbers are clean — I’m happy to talk.

Well… I didn’t plan on finding a real estate deal during a snowstorm, but here we are ❄️

Cold weather does funny things. Roads shut down, pipes freeze, and suddenly some sellers decide they’d rather have certainty than wait it out.

Closing the books in QuickBooks isn’t just an accounting thing. It is how you protect last year’s story so your numbers ...
01/02/2026

Closing the books in QuickBooks isn’t just an accounting thing. It is how you protect last year’s story so your numbers stop moving on you.

If even one deal made you wonder,

Are these reports actually final?

this new article is for you.

And when you’re ready to double-check yourself at year-end, you can use my simple real estate checklist as a gentle guide. Comment checklist 👇.

https://issuu.com/nreia/docs/re_journal_winter_2025-26/11

Do I need hourly or ongoing?That’s what a client asked me while snacking on peanut crackers.Here’s how I broke it down:🍭...
09/06/2025

Do I need hourly or ongoing?

That’s what a client asked me while snacking on peanut crackers.

Here’s how I broke it down:

🍭 One-off Questions – You just need quick clarity. Maybe it’s “Is this expense deductible?” or “How do I record this in QuickBooks?” That’s hourly. In, out, done.

🎮 Projects – You want something set up right the first time—new software, clean chart of accounts, or financial reports that actually make sense. That’s a project fee. One mission, one price.

🍕 Catch-Up & Clean-Up – You’ve been so busy running your business that the books… well, let’s just say they’ve been neglected. That’s catch-up work. We fix the past so you can focus on the future.

🏎️ Ongoing Growth – You’ve got employees, lenders, investors, or partners who expect answers—fast. That’s ongoing support: bookkeeping, controller oversight, CFO strategy… month after month, no skipping.

Then he looked at me and said,
“So nobody actually needs just a little bookkeeping, right?”

Exactly. Even small and medium businesses get it.

👉 Be honest—are you really just looking for “a little bookkeeping”?

👉 Or is it time to match your business needs with the right financial support?

Gita Faust 50+ years in accounting—and still loving it.I’ve been doing this since 1974… and I’m still not bored.My accou...
05/27/2025

Gita Faust 50+ years in accounting—and still loving it.

I’ve been doing this since 1974… and I’m still not bored.

My accounting journey started in 9th grade—back when ledger paper was king and calculators were a luxury.

Since then, I’ve explored other passions:
🖥️ Computer programming (engraved into me by my mom)
🧵 Sewing (another skill she passed down)
💼 And turning all of it into income streams

But no matter how far I wandered, I always came back to accounting. It’s the one field I’ve mastered and loved consistently for over 50 years.

In 1999, I became QuickBooks Certified.
And today, in 2025, I’m proud to be one of the few who are:
✅ Certified in QuickBooks Desktop Enterprise
✅ Certified in QuickBooks Online – Advanced (Level 2)
✅ Still learning the ins and outs of the software every single year—because tech changes, and clients deserve the best.

📊 Whether I’m cleaning up chaos, building financial clarity, or helping real estate investors scale with confidence—this work still lights me up.

Because good books build great legacies.

💬 Curious what 50+ years of accounting wisdom looks like in your books? Let’s chat.

03/21/2024

Today is Poetry Day 📖✨.

In a world of figures and rows, where numbers dance and balance shows, 🌟

Ledgers tell tales, as every entry carefully sows, 📚

In the meticulous garden of finance, where precision rises. 🌷

"Call me," whispers the breeze, for clarity that glows, 🌞

In the realm of bookkeeping, where trust forever grows. 💼🌱

My warm voice asks you, "Do you need help with accounting and bookkeeping?" I am just a DM away. 📩🤝

1099 is due by the end of January. If you paid someone more than $600 you have to send a 1099-NEC form to them and the I...
01/14/2024

1099 is due by the end of January.

If you paid someone more than $600 you have to send a 1099-NEC form to them and the IRS by the end of January.

You must report:

- Cash App: You must report it unless the payment was sent to a Business account.

- Check / money order / cashier’s check / ACH

- PayPal personal account if you used the “friends and family” option, but not if you used the “goods and services” option

- Venmo personal account if you don’t select the “turn on for purchases” option

- Zelle

Exceptions:

- Payments to a corporation

- Credit Card

- Venmo business account

- PayPal business account

Feel free to contact me or ask me in the comments here if you have questions about this, or any general accounting and bookkeeping questions.

I am proud to share a few tips for investors looking to excel along with others in The Essential Rental Tax Guide from t...
11/11/2023

I am proud to share a few tips for investors looking to excel along with others in The Essential Rental Tax Guide from the American Apartment Owners Association (AAOA).

The magazine is out just in the nick of time to help you prepare for 2023.

Don't wait—get a head start on your rental property tax strategy now!

https://learn.american-apartment-owners-association.org/link/1005182/56

Address

851 Bustleton Pike
Richboro, PA
18954

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+12155791465

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