How would I enter multiple rental properties onto the same chart of accounts? I just use create accounts for each? Thanks

lauralynnbaxter- · ‎March 08, 2023

For example: should I set up expenses like this...property 1 6000s, property 2, 6005s, property 3 6010s

Fiat Lux - ASIA · ‎March 09, 2023

If you are using QBO Plus or Advanced, you can use Class or Location features. If you are using QBO Essentials, you should have a 3rd party app to integrate with QBO.

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JamesM4 · ‎March 08, 2023

Hi there,

Thanks for connecting with us here. QuickBooks is an easy-to-navigate program that helps you to manage the accounting-side of your rental properties with peace of mind. I'll be happy to share more info so you're on the right track with your work.

In order to accurately record your transactions, I highly recommend consulting an accounting specialist for expert suggestions. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in.

Let me know if this info helps. Otherwise, feel free to ask questions in the comments below.

Fiat Lux - ASIA · ‎March 09, 2023

@lauralynnbaxter-

If you are using QBO Plus or Advanced, you can use Class or Location features. If you are using QBO Essentials, you should have a 3rd party app to integrate with QBO.

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How would I enter multiple rental properties onto the same chart of accounts? I just use create accounts for each? Thanks