How to catch up landlord

Thank you for reaching out with your questions about managing your landlord accounting in QuickBooks Online, Heather.

To effectively track income and expenses for each property separately, I recommend utilizing QuickBooks Online’s Class Tracking or Location Tracking features. These tools allow you to assign each property as a class or location, so you can categorize transactions and run reports that show the performance of each property individually.

Please note that Class and Location tracking features in QuickBooks Online are only available for the QuickBooks Online Plus and QuickBooks Online Advanced plans. You may want to consider upgrading your subscription through this site: Upgrade your product's edition.

Because repairs and expenses can have tax implications, we recommend consulting with a qualified accountant. They can guide you on the proper categorization and handling of costs and repairs to ensure compliance with tax requirements and maximize your potential deductions.

Let us know how we can assist you further, whether it’s setting up your account, exploring QuickBooks features, or addressing any other questions you may have. We’re always here to support you.

I’ve been trying to figure out how to activate class and location, but I use QuickBooks ledger for my client and I don’t think those features are available if they are I haven’t figured it out. Do I need a better subscription?

Hi there, @HeatherMarli.

Thanks for checking back with us. I hope your day is going great. 

In order to use Class and Location tracking, you must have QuickBooks Online Plus or Advance. If you're looking to upgrade your plan, check out our plans here: Upgrade QuickBooks Online Subscription. 

In the meantime, I recommend browsing our help guides that my colleague has shared above to see if class and location tracking would be a good fit for you. 

Don't hesitate to let me know if you have any questions or concerns. We are always happy to help. Take care!