cancel
Showing results for 
Search instead for 
Did you mean: 
Summer Pace
Level 1

Best QuickBooks Version for a Vacation Rental Property owner of 2 homes

I just purchased a second home that I rent out periodically throughout the year (short-term rental) and soon to have a second vacation rental.  I use VRBO and a local property manager to oversee check-in and check-out of guests but do most of the other work myself.  I would like to know the best version of QuickBooks to use for bookkeeping for this type of small business.  Currently I signed up for Essentials and it doesn’t seem like it will work.  Is there anyone out in the community that has a similar business who can advise me on what they use that works?  Thanks!

6 Comments 6
john-pero
Community Champion

Best QuickBooks Version for a Vacation Rental Property owner of 2 homes

If you insist on using QB Online then you should upgrade to Plus for Class Tracking and each property is a Class.  Each property takes up its own column on your Schedule E at tax time. Unless you want to there is probably no compelling need to keep track of individual guests, although by keeping track of them as Customers you will have a record when someone comes back the next year.

 

Set up service items for rent -  if rent varies by season as it usually does you will need more than one rate. All of these rental rates will be used to post charges to a vacationer and make them billable by Class, with your own company name as the vendor

Summer Pace
Level 1

Best QuickBooks Version for a Vacation Rental Property owner of 2 homes

Would you recommend something other than the QuickBooks Plus Online version?

Adrian_A
Moderator

Best QuickBooks Version for a Vacation Rental Property owner of 2 homes

You can try our QuickBooks Online Advanced version, Summer Pace.

 

 

With QuickBooks Online Advanced, aside from class tracking, you can also manage your workflow. This way, you can send a reminder to your team to complete a specific task. 

 

Other than that, you can also run advanced reports, create invoices and expenses by batch, and automate approvals and reminders.

 

I've added this link if you want to try our QuickBooks Online Advanced: United States QuickBooks Online Advanced.

 

You can also take a look at these articles about managing workflow: 

 

Feel free to mention my name in your Reply. I'm always around if you still need my assistance. Have a great day ahead!

Fiat Lux - ASIA
Level 15

Best QuickBooks Version for a Vacation Rental Property owner of 2 homes

@Summer Pace 

Explore this rental management app to integrate with your QBO

https:// uplisting.grsm.io/uplisting

 

RayPVK
Level 1

Best QuickBooks Version for a Vacation Rental Property owner of 2 homes

Hi Adrian A. 

We are a vacation rental company with 17 homes under management. We are using Quickbooks Advanced and our PMS is Guesty. We are pushing the bookings from Guesty to QB via Zapier and that is working well. We are in interested in finding a QB consultant to help us set up our QB so we can take advantage of all of its capabilities. Does Intuit have consultants to work with us?

Thanks, Ray P. 

ReyJohn_D
Moderator

Best QuickBooks Version for a Vacation Rental Property owner of 2 homes

Hi there, @RayPVK.

 

Thanks for joining the thread and I'm glad to know you're using QuickBooks Online as your business partner. I'm here to provide some insights on how to get a consultant who can help set it up. This way, you can take advantage of all its features to get you back up and running.

 

Yes, you have two options on how to go about this. First, you can seek assistance from our QuickBooks-certified independent accounting professionals or ProAdvisors. Second, you may contact our QuickBooks Online (QBO) Support Team.

 

To find a QuickBooks ProAdvisor, here's how:

 

  1. Visit the Find-a-ProAdvisor website.
  2. Optionally, choose one of the specialties listed to narrow the search results. In your case, you can pick the QuickBooks Setup and Consultation option.
  3. Enter your ZIP code, town, city, or area in the search field, and then hit Search.

For more info about QuickBooks ProAdvisor, feel free to check out this article: Find a ProAdvisor.

 

To get in touch with our support team, here are the steps how:

 

  1. Click the Help (?) menu, and then select the Contact Us button.
  2. Enter your question or issue like "Need help setting up QuickBooks Online" and then click Let's Talk.

  3. Choose either the Start a chat or Get a call option.

To ensure your issue gets addressed right away, please check out our support hours through this resource: QBO support hours.

 

Once successfully set up, you can personalize QBO to work the way you want it to. Simply modify some settings to turn features on and off. Browse this handy article for more details: Edit company settings.

 

I'm here to lend a hand for more questions about managing reconciliation or any QuickBooks-related concerns. Take care and have a nice day.

Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up

Need to get in touch?

Contact us