Confused with Rent, Other Charges, Accounts & Items

By |April 22nd, 2012|

Q: I collected rent amounts that need to be documented as well as the trash, water, gas, electric, etc. amounts. What is the best way to document those collected amounts? A flat rate is paid each month for all services.

A: Create an item for Rent (link to Rent Income account) and trash, water, gas electric […]

Rental Property Management Record Keeping

By |December 31st, 2011|

As a small business owner myself, I understand that your desk is probably swamped with a mile high stack of papers. If you have rental properties, you may have work orders, receipts, invoices, and an endless supply of junk mail. I always emphasize following a process to organize your financial records. There is so […]

QuickBooks Collections Center to Track Accounts Receivable

By |December 13th, 2011|

QuickBooks added a new feature in 2011 which I would like to showcase today as it can help you tie up your end-of-year accounts receivables. The Collections Center displays which invoices are past due or almost overdue. If you are using QuickBooks for property management, tenant invoices will appear to let you know who has […]

Recurring Rental Payments

By |September 19th, 2011|

Q: What is the best way to set up a recurring monthly charge (ie, a rental payment from a tenant) when no invoice or statement is actually sent to the customer?

A: Statements are to be used when you want to send a detailed or summarized list of tenant’s money due and received. You can […]