I work for a company that recently purchased 3 properties for short term rental. We use a company called Evolve for our bookings. They list the properties, collect payment and remit payment to us. They collect the nightly fee, a cleaning fee, and taxes. They withhold their 10% management fee from the total and remit the rest to us. We are responsible for remitting occupancy tax to the state and city. I am trying to figure out the best way to record the income, expense and tax liability. I think I need to create a sales receipt but am new to QBO and not quite sure how to do this. Any help would be greatly appreciated.
