You've come to the right place in seeking assistance, coachfrizzell.
I'm here to share information on how to record income from your rentals in QuickBooks Online (QBO).
There are two ways to track your rental income depending on how you receive the rent payment. If you receive the payment at a later date, you can create an invoice. However, if you receive the payment right away, make a sales receipt. But before doing so, you'll need to create a customer, account, and item.
To create an invoice, here's how:
- In the left menu, click the + New button.
- Select Invoice.
- From the Customer ▼ dropdown, pick a customer.
- Fill out the necessary details.
- Choose Save and close.
To record a sales receipt, here's how:
- In the left menu, click the + New button.
- Select Sales Receipt.
- From the Customer ▼ dropdown, pick a customer.
- Fill out the needed fields.
- Choose Save and close.
In addition, you can personalize and add specific info to your invoices. For more details, check out this article: Customize invoices, estimates, and sales receipts in QuickBooks Online.
Keep me posted anytime you have concerns about recording your rental income, coachfrizzell. We're always ready to help you all the time.