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Hello there, hasan2.
We can create a full invoice amount for the tenant, once you've received the payment. The fee you mentioned that you take is that the only part you want to show as income? Have you created a chart of account to hold that paid amount in to then pass to the landlord? We'd recommend that you reach out to an accountant for more advice on how to enter these transactions depending on your business preference.
You can always reach out to me if you need more help. Take care!
Hi hasan2,
Congratulations on starting your rental agency!
We have a Projects feature in QuickBooks Online (QBO) that suits your concern. This helps you organize and assign transactions. This also lets you track income and expenses and calculate your profits by job.
In this case, you can add your landlords as customers and tenants as projects. Beforehand, let's activate your Projects feature. I'll guide you how.
Then, let's add your landlord as a customer:
To add tenants as projects:
From there, you'll be able to create and send an invoice to your landlord. See the Create invoices article for reference. This link provides detailed information about managing your sales in QBO.
I've also added some resources to learn more about our Projects feature:
If you have other questions in mind about recording your sales or expenses, feel free to let us know in the comment section. We're only a post away. Stay safe and have a great day.
hi,
basically i need to send a rental invoice to a tenant, this rent i collect on behalf of the landlord and then i need to send the landlord a invoice less my fees from the rent, how could i do this ?
Hello there, hasan2.
We can create a full invoice amount for the tenant, once you've received the payment. The fee you mentioned that you take is that the only part you want to show as income? Have you created a chart of account to hold that paid amount in to then pass to the landlord? We'd recommend that you reach out to an accountant for more advice on how to enter these transactions depending on your business preference.
You can always reach out to me if you need more help. Take care!
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