Q: I am trying to use QB to manage a number of accounts with the same bank, some are escrows. I can’t find any info on how to do this.
A: To track multiple bank accounts create a main account and then create sub-accounts under the main Escrow bank account.
Q: What is your best program for rental of storage units? I have 150 units -they are collected monthly – I would need to be able to change the name of renters as they moved in and out of units.
A: QuickBooks Pro for storage unit rentals is the way to go.
Q: What type of industry is used for a mortgage broker?
A: As you are a service provider – I would suggest using the General Service-based Business. You can always add, edit or delete an account name.
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 should be linked to the Reimbursed Income account. Create an Invoice for each individual item and their amount.
Q: I want to set up more than 20 companies in my QB but they allowed me to set up only 20 companies how do i do it?
A: You can create more unlimited number of QuickBooks company file.
But you can only view 20 at a quick glance under File > Open Previous Company.
If you want to open or view additional companies then click on File > Open Company or go the directory files are located.
To search for the QuickBooks working file search by *.qbw and *.qbb for a backup file.
Q: How do I secure access to the check register, write checks, record deposits, client lists, etc. but still allow someone to run reports without viewing sensitive and confidential information?
A: Protect your QuickBooks file with unique user name and password. Learn how to Set Up Users & Password under Company. I would look into QuickBooks Enterprise for more details user and password access.
"Gita is the only true property management QuickBooks expert I have met. She knows her stuff." --Adam Seelig, CEO, Eagle Rock Management
Learn more aboutManaging Properties using QuickBooks:
Commercial Property Management
Property Managers
Landlords
Join Our LinkedIn Group, QuickBooks for Real Estate and Property Management
