Hello there, @geddesprop6.
I appreciate the details that you've provided to us. I'm here to share ideas on how to enter the rent income correctly in QuickBooks.
There are two ways to record the rent from your tenants and it depends on when you receive the actual rent payment.
To record the rent income in QuickBooks:
- as invoices, if you receive payments at a later date.
- as sales receipts, if you receive their payments right away.
Also, make sure to select the correct tenant and item name to keep track of the transactions for each property you manage.
For more detailed instructions on how to record rent income in QuickBooks, please click this article: Record transactions for a property management company.
Also, I'd still recommend consulting your accountant to ensure the accuracy of your financial reports.
I'v added our Income and expenses page, it provides topics that might help you with future task in QuickBooks.
Keep me posted if you have additional concerns. I'm still here to offer more help. Stay safe.
