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Level 1

I'm new to this program. What is the best way to set up 8 rental properties to keep things separate on each of them? Thx Tim

 
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QuickBooks Team
QuickBooks Team

I'm new to this program. What is the best way to set up 8 rental properties to keep things separate on each of them? Thx Tim

Let me help you set up your rental properties in QuickBooks Online (QB), timste33-yahoo-c.

 

We can use the class tracking feature for your properties or by departments, product lines, or any other meaningful segments in your business. This way, you can get reports to show sales or profitability by properties/class. This is only available in QBO Plus and Advanced, you can upgrade your plan just in case you are not using the version. We need to turn on first the class tracking feature first. Here's how:

  1. Go to the Gear icon on the top menu. 
  2. Select Account and Settings.
  3. Choose Advanced, then tick the Categories section to edit.
  4. Place a checkmark for Track classes.
  5. Select Warn me when a transaction isn’t assigned a class. This is optional, but it's good to turn it on so when you look at reports, you know everything got classified.
  6. Under Assign classes select One to entire transaction or One to each row in transaction.
  7. Press Save, then Done.

Once done, you can now create your class list. You can also read these articles for a detailed guide on how this feature works:

I'll be right here to continue helping if you have any other concerns or questions about QBO. Assistance is just a post away. Have a great weekend. 

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