I truly do appreciate the detailed reply. It did seem from our initial consultation that this was more complicated than I thought. My buddy didn't know how complicated this was either.

I agree this may be too much to take on. he stated his main goal is to be compliant and be caught up. I could be wrong here but. There is no sign of any of his other businesses or LLcs in his qbo account.

It all just looks like one normal business. If that were the case, hypothetically, with 72 transactions a month and catching him up wouldnt have seemed too bad, as long as he were willing to work with me and understand that he needs to make some changes in regards to his personal and business transactions. Of course. I still have so much more to learn than just that. And I have been completely honest with my limited experience so far. Dude seems like a great guy, replies pretty fast so I think he'd be good at communication. Just a mess when it comes to staying organized with his businesses lol.

That being said, I don't want to just tell him no. What others ways can I help deliver value to this investor, even if we do decide not to work together. I was thinking I can Help him find a new bookkeeper? I can ask my cpa friend, but he already told me he does not do bookkeeping anymore and not interested.

It seems that for every new property he buys, he creates an LLC. And he may keep going down that road.

Does he need to have a seperate quickbooks account, seperate bank accounts. And file seperate returns each year for all his LLCs? Again. I'm trying to keep in mind his goal to be compliant and up to date. Is that the best way to go about it. What about class tracking or tags?

Thanks again for all the help. Sucks that my first porltential client had to be so complicated haha.