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alandrews8503-gm
Level 1

My husband and I have multiple rental properties. I don't need to invoice tenants or anything but just looking how to have separate books for income/expense purposes.

 
2 Comments 2
CharleneMae_F
QuickBooks Team

My husband and I have multiple rental properties. I don't need to invoice tenants or anything but just looking how to have separate books for income/expense purposes.

Thanks for choosing QuickBooks Online (QBO) to cater to your business needs, alandrews8503-gm.

 

We can use the class tracking feature in QBO. This way, you can have a separate record for your income and expense. You can also track each property as a class and run the Profit & Loss By Class report all the time. Doing so will help you have visibility for both incomes by each property and the expenses that you're incurring for the properties.

 

You can use the feature if you're using the QuickBooks Online Plus and Advanced. Otherwise,  upgrade your plan once you’re ready to use class tracking.

 

You may also want to use the location tracking feature to categorize your multiple rental properties. This way, you'll be able to see all the payments for one location and deposit them as a group.

 

Additionally, you can always visit our Help articles page for reference. There, you can read some of the helpful articles that will guide you in your future tasks. 

 

Please let us know if you have other QuickBooks questions. We're always here to help. Have a wonderful day.

Fiat Lux - ASIA
Level 15

My husband and I have multiple rental properties. I don't need to invoice tenants or anything but just looking how to have separate books for income/expense purposes.

@alandrews8503-gm 

As an additional info, if you have to open a new QBO account, make sure to click the Buy button to get the discounted price for up to 3 months. If you purchase from the trial account, you have to pay the regular rate.

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