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deb-den
Level 1

How can I set up for rental properties?

How do I set up different rental properties in Quickbook for Mac?

4 Comments 4
SkinnyRaven
Level 8

How can I set up for rental properties?

I think most setup the property as the customer and the tenants as jobs.

mcwagner
Level 5

How can I set up for rental properties?

Use the class feature for properties.  this gets you the profit/loss by class (property) report, which is very useful.

Units (if any) are "customers" and then tenants are "jobs."

If you don't have units, then tenants can be "customers."

Mark Wagner, CPA

markclemnh
Level 1

How can I set up for rental properties?

I would fine-tune things some.  Have the physical property addresses as Classes; the Units/Doors as sub-classes; have Tenants as customers; then projects for the lease term dates.  Otherwise, wouldn't have the lease dates readily available within QuickBooks Premier.  The individual projects would help delineate expected amounts for rents billed out to the tenants.

araque
Level 1

How can I set up for rental properties?

and the water and sewer or light how can i add that if is included on the rent?

 

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