Tag Archives: QuickBooks Real Estate Enterprise Property Management

Difference between enterprise and QuickBooks Pro

Difference between enterprise and QuickBooks ProQ: Thanks Gita. I am not sure what the difference between Intuit Enterprise and regular QuickBooks Pro is. We are trying to keep our cost low. Do we really need an Enterprise version and how much are they. I like the idea of QuickBooks Online so I can work wherever I am. Continue reading

Looking for Solution for Property Management and Real Estate Brokerage

QLooking for a Solution for Property Management: I am looking for an accounting solution for our Real Estate business. We manage over 100 bank-owned properties for multiple Vendors. We need to track and bill expenses by property. We also need to handle Independent Sales People on a 1099 basis with deductible expenses. We need payroll Continue reading

Tracking Assets in the Fixed Asset List

Q: I just upgraded to the QuickBooks Premier Accountant 2011. I am trying to track assets for my rental units.

I added an Appliance to my fixed asset list. What happens if I purchase another appliance in February and March?  Will they automatically be reflected in the Asset List?

A: Continue reading

Property Management 1099 for Rent

Q: We run a commercial property management company and have to issue 1099 to property owners.  Do we include CAM charges, real estate taxes with rent?

A: Property Management’s responsibility is to issue 1099 to the property owner at the end of the year for rent. Do not include CAM Continue reading

Change Chart of Accounts

Q: How would I change my QuickBooks file to another chart of accounts (from rental to property management)?

A: You have two options:

  1. Create a new company file and select Property Management as your industry OR
  2. You can use the same file and add, edit or delete any additional accounts Continue reading

Create reports for HUD budgets in QuickBooks

Q: I am using QB Pro 2010 for a Property Management company and they have required HUD budgets and reports that need to be completed. Can they be imported into QuickBooks and implemented into our company file?

A: You can definitely view budgets and reports required for HUD budgets within Continue reading