Yes, it can, @rolling-3ltmedia.
In QuickBooks Online (QBO), rental property is a Class, a tenant is a Customer, and each rental charge is a Product/Service.
You can simply add your tenant as a customer and use the invoicing feature to send a monthly bill to them. Let me show you how.
- Go to the Sales menu and select the Customers tab.
- Click New Customer.
- Enter your customer’s info, and select Save.
- Repeat the same process for your other tenants.
You can also see this link for more details: Add and manage customers in QuickBooks Online.
Once done, you can now invoice your tenants for their monthly rent. Furthermore, I'd recommend working with your accountant for other ways on tracking your rentals. This way, we can ensure your accounts are well accounted for.
Additionally, once your tenants pay their invoice, you can utilize this article on how to record their payment in QBO: Record invoice payments in QuickBooks Online.
I'm all ears whenever you need help managing your rentals and invoices. Please don't hesitate to add them in your reply. It's always my pleasure to help you run your business seamlessly. Have a great weekend ahead!
