Once you get this all set up (and you can set it all up on day 1, and post date it) then you are off and running. Memorize the invoice for the next nine months Month 1 invoice – full month’s rent plus security deposit Then, that invoice can be memorized to post each month on the first for the next nine months. In month 3, you charge just a full month’s rent. In month 2, you prorate the rent based on when they moved in during the prior month. In month 1, you will charge the new tenant a full month’s rent plus security deposit. The purpose of these custom fields is for reporting. The monthly rent amount and security deposit will seem redundant because they will be in the transactions themselves. Think about how a drop-down list might be useful. The format of each field should be straightforward. There are two general types of custom fields you can set up Customer Info and Transaction Info. We’ll want to set up three custom fields to start: In this article, we’re going to look at the following areas: Entering transactions for property management in QuickBooks Online Advanced Prefer videos to articles? I cover all three parts of this series in this video.Įditor’s note: Find out more about Seth David’s course, QuickBooks Online Advanced for Property Management. When part 3 is published, the URL will be included below: Part 1 is an overview of Advanced and who it’s for, plus details about how to get set up to work with these kinds of companies. This article is is Part 2 of a 3-part series that describes how to use QuickBooks Online Advanced for real estate property management. I love this because it means I don’t have to go out and learn a new accounting product when my customers start to expand. QuickBooks® Online Advanced is Intuit’s latest cloud-based offering designed for fast-growing, complex businesses, allowing my clients to grow and remain in the QuickBooks Online world.
0 Comments
|
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
March 2023
Categories |