Q: I am a property manager in New York so I can’t combine commercial and residential property income. There is a special real estate form filed for commercial property  so most accountants want income and accounts receivable  separated according to commercial and residential. How can I keep my data separated for my accountant?

A: As I am do not know of your setup, there are many ways to track details. You could create two Items or Accounts: one for  residential rentals and another for commercial rentals.

Alternatively, you could use Class and then modify your reports by Class. We suggest using Class to track properties for property management and real estate.

I need more details from you to suggest the  right way. Call me or contact a QuickBooks real estate consultant, talk to them to for an easier solution.