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IAMPLINK
Level 2

Rent R'cvd - Type & Account

I own a property in which there is a warehouse I rent out, (no notes/loans on the property it is owned).  That said, to enter the billable item to customer from QBDT as RENT, I would enter the rent TYPE as a service, correct?.....and the ACCOUNT would be a fixed asset as it is property - correct?  Thanks  

Solved
Best answer January 21, 2022

Best Answers
Rustler
Level 15

Rent R'cvd - Type & Account

Use a service item.  Link the service item to an income account.  Rent received is income

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3 Comments 3
Rustler
Level 15

Rent R'cvd - Type & Account

Use a service item.  Link the service item to an income account.  Rent received is income

IAMPLINK
Level 2

Rent R'cvd - Type & Account

......or INCOME - now I've confused myself.....??  😟

IAMPLINK
Level 2

Rent R'cvd - Type & Account

HA - I just posted that!   I think I thought too hard about it.  THANK YOU!  Appreciate the response. 👍

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