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Simplify payday and set payroll to run automatically on QuickBooks.Explore Intuit QuickBooks Workforce

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Replying to:
ShiellaGraceA
QuickBooks Team

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Thanks for reaching out to us here today, @LilChief.

 

I'll share some information about recording rents. You'll want to make sure you're using the correct expense account for your utility bills and income account for the rent. This way, you can allocate a portion of the check amounts.

 

You can verify the accounts by following these steps:

  1. Go to Gear, and then select Product and Services.
  2. Look for the rent (or utility) item, and then tap Edit.
  3. Hover towards the Income account drop-down and check the correct account.
  4. Click Save and close.

 

 

 

With the above steps, you're able to keep track of your bills and rent accordingly. I also recommend contacting your accountant if you're unsure of the accounts.

 

You may check this article for details: How do I properly record lease payments?.

 

In case you need help in reconciling your accounts, check out this guide for more information: How to Reconcile in QuickBooks Online.

 

I'll be right here should you have questions or concerns with rents or utility bills. Don't hesitate to comment below. Take care and have a nice day ahead.

 

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