Limited time. 50% OFF QuickBooks for 3 months.
Buy now & saveThanks for taking the time to post in the Community space. I’m here to share information about running a property management business in QuickBooks Desktop for Mac.
I've got some information on setting up your six-building rentals in QuickBooks Desktop. Thus, you'll be guided respectively.
Since you've various buildings, I'd recommend creating separate Rental property company files for each of your rental buildings. This way, you can track and manage your data separately from each other.
Although if you're a property manager, you provide service to property owners and the tenants of those properties. In such a case, you need to create and manage two company files:
Here's how to set up a Rental property company:
After creating a company file for a rental property company, you'll have to set up customer and vendor accounts for your tenants and vendors.
If you haven’t already, here's how to set up the customers and vendors.
Once done, you'll have to set up accounts and items, which you use to track transactions.
Moreover, I'd suggest consulting an accountant to help you choose the most suitable accounts. If you don't have an accountant, we can help find one near you.
If you need further assistance in managing your rental properties, please let me know here in the Community. I'm always here to help. Take care!