Question
Invoicing tenants
Good Day,
We are landlords of residential rentals. Our rent agreements are usually requires the tenant to pay their rent quarterly in advance.
So for example in Jan our rent invoice usually be (rent for the period 1 Jan 22 to 31 Mar 22)
The question is, what's the best way to invoice my tenants from QBO and at the same time have the it reported correctly. (Jan rent should be recorded as income whereas Feb & Mar rent should be unearned income in current liabilities.)