Hi shart98-gmail-co,
Being able to organize expenses separately is essential to ensure that they are properly recorded in your books. QuickBooks Online is a powerful program that makes it simple to enter your expenses for your business. I'll be glad to point you in the right direction on this.
In QuickBooks, you can track two rental properties using the Class function. The Class feature allows you to track the profit and loss of each property assigned class as well as the details of the purchase under the report tab. This option is only available for QuickBooks Online Plus. If you have a Plus account, you can refer to the following steps to activate the Class feature.
1. Click the Gear icon in the upper-right hand corner.
2. Select Account and Settings.
3. Go to the Advanced tab.
4. Click the pencil icon for Categories.
5. Check the boxes for Track classes and Warn me when a transaction isn’t assigned a class (if necessary).
6. Choose whether you want One to each row in transaction or One to entire transaction.
7. Click Save and Done.
If you're not using a QuickBooks plus account, you can refer to this article to upgrade your account.
Let me know if you have any questions, I'll be happy to help.
