Buildium entered into Quickbooks HELP

There are various ways we can enter your expenses and gross income in QuickBooks Online (QBO), @KDiaz0403. With that, I'm here to guide you thoroughly.

To enter your transactions in one and match this to your existing banking transaction, we can make a Bank Deposit and enter the following expenses and fees. Here’s how:

1. Click the + New icon and select Bank Deposit.
2. Choose the Account where the amount has been deposited.
3. Select the Date.
4. Under the Add funds to this deposit section, enter the gross income for your rental.
5. On the next line items, select the appropriate Account enter the other Expenses, Fees, and enter Amount in negative (-). This is to deduct your expenses from your gross income to match the transaction to your net income which is reflected from your bank.
6. Once done, click Save and close.
   

    

Once done, we can go over to your bank feeds to match this with your existing bank transaction.

On the other hand, you can record separate expenses or check transactions to be posted to your bank account. After that, we can make a bank deposit with the gross amount to be posted to the same bank account. 

After posting the amounts, this will offset your account balance. Then, you can exclude the existing bank transaction from your bank feeds.

1. Go to the Banking menu in the left panel and choose Banking.
2. In the For Review tab, select the net amount disbursed to your bank.
3. Tap on the Exclude button.

Moreover, I still recommend consulting with your accountant for other ways of recording these transactions. 

Furthermore, you can start reconciling your account to keep your books accurate and prevent discrepancies.

In case you need additional assistance in managing your bank transactions, please get back to this thread. I want to ensure everything is taken care of. Have a good day!

Thank you. I know how to enter the expenses and income into Quickbooks. It’s the double entry for this particular transaction that I explained.