@jaykay wrote:
We are a small condo association with 87 units and do our own property management. We have a great Excel spreadsheet for Payables, but owner data and Receivables are all done by hand. We want to install a simple to use database system to keep track of all owner information, including their monthly payments.
If you use QB for this purpose, I would love to talk to you.
Thank you.
QBO is cheaper if you need multiple users with remote access. It has many features that Desktop does not have, and visa versa.
One is the ability to set up recurring automatic monthly payments where the bookkeeping is automatically done. It is free for 7 day settlement and 1% for 1 day.
I would set up each unit as a "customer", and the tenant as a sub-customer.
I don't see the need for the Class feature - which is only available in the highest level version - as you can allocate expenses to customers, and run a P&L by customer, if needed.
