Tag: Getting Started

QuickBooks Q & A – Real Estate – 3 companies, Invoices, Receipts, Tenants, Deposit

Posted on By Mike Butler

QUESTION from William:

Hello Mike,

My name is William and I am Jim's bookkeeper since February. Since that time, I have updated the QuickBooks company files for his three companies and have been processing invoice payments through the QB accounts payable system and maintaining the cash balances, but we have some catching up to do on the accounts receivable side. I have several months worth of invoices to post and receipts to receive against these invoices (right now the receipts are just booked as deposits hitting Cash and Rental Income, A/R account is not being used yet). With regards to QuickBooks Pro, should I enter the invoices for the tenants using QuickBooks and process the payments using the normal A/R process, or do I need to enter the invoices using QuickBooks Pro (basically a chicken or the egg question, does QB feed from QB Pro or visa versa)?

Thank you,
William
-Pennsylvania

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INVESTOR BOOKS, Multiple Entities, TENANT TRACKING

QuickBooks Real Estate – Getting Started Questions

Posted on By wizard

Here are some questions from Bill about getting started.

Bill wrote,  I need training specifically on Tenant Tracking as follows:

  1. How do I change the memorized transactions to change things like new tenant name, rent rate other variable?
    - you must create a new transaction..then memorize it
  2. How do I use the vendors set up in QuickBooks for paying bills in Tenant Tracking?

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TENANT TRACKING