HOW TO USE QUICKBOOKS FOR PROPERTY MANAGEMENT?
QuickBooks is pretty good for property management accounting.You can create invoices, pay bills, manage accounts, reconcile accounts, and QuickBooks has the most robust reporting of virtually any accounting platform, as expected.The first problem arises when you try to set up your rental properties in QuickBooks.In the next section, we’ll go through step-by-step instructions for doing this, so don’t worry.However, it’s important to understand that we’ll be using a sort of simple workaround, as QuickBooks isn’t designed for property accounting.Well, there are no ‘properties’ or ‘tenants’ in QuickBooks, or any of the other typical property accounting items.So, you have to use things like QuickBooks’s ‘Customers’ category for your properties and use ‘Vendors’ for your owners.Other problems arise when you want to optimize any other area of your Quickbooks property management.
0 Comments
Recommended Comments
There are no comments to display.
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now