 |
Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
|
| View previous topic :: View next topic |
| Author |
Message |
Guest
|
| Posted: Wed Jul 16, 2003 9:00 pm Post subject: How Do I Set Up Tenants and Property In QuickBooks? |
|
|
| I am setting up the acct.system for a property management co. for the first time using QB Pro. I am not sure how to do this, where to set up tenants and property because I do not know how QB is posting or tracking. Any Help? |
|
| Back to top |
|
Guest
|
| Posted: Tue Aug 26, 2003 2:09 pm Post subject: RE: How Do I Set Up Tenants and Property In QuickBooks? |
|
|
I would set up each property as a customer.
Then you could invoice the property and receive any payments against the open invoice from different people who live in each unit. |
|
| Back to top |
|
Guest
|
| Posted: Wed Oct 29, 2003 6:22 am Post subject: RE: How Do I Set Up Tenants and Property In QuickBooks? |
|
|
| Yes, that is the best way. I was the treasurer for a home owners association, and that was the way I set it up. It made life much easier. Before that they were keeping lists of names on spread sheets. Remember that if a tennant moves out create a customer in his name so that you can still acount for any money that is owed. |
|
| Back to top |
|
Guest
|
| Posted: Fri Apr 09, 2004 9:26 pm Post subject: RE: How Do I Set Up Tenants and Property In QuickBooks? |
|
|
| I work for a property mgmt company. We set up each property as a separate company with their own customers (or tenants). Unless you only have one property owner, you would, more than likely need separate companies anyways. When you do set up a new company, QB's will ask you what kind of business it is and you can choose "property management" |
|
| Back to top |
|
| |
|