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How do I set up different rental properties in Quickbook for Mac?
I think most setup the property as the customer and the tenants as jobs.
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
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.
and the water and sewer or light how can i add that if is included on the rent?
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