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
Q: Does Quicken Rental Property Manager include a Tenant Lease Agreement?
A: Tenant Lease Agreement is not included in QuickBooks or Quicken Rental Manager. You will have to write your own lease agreement and print. We also suggest work with your attorney to draw up a lease.
If you Continue reading
Q: I set up agents as employees, but they probably should be sales reps. How do I handle it now that they need 1099-MISC forms? Should I change them to vendors? Will their earnings still show for 1099 forms? Help, please!
A: QuickBooks will print 1099 only for vendors, Continue reading
Q: Our employee damaged a project site of a property owner who was not our client. She paid for the repair and we are reimbursing her for the expense. How do I record this in QuickBooks so the loss (expense) is charged to the project?
A: The loss was Continue reading
A: Create an Item for the Property. Link it to an Asset account. When recording transactions for the property, use the appropriate Class for the property.
View your Balance Sheet Continue reading
Q: Do I include utilities I pay to my landlord in the 1099MISC as rent paid or nonemployee comp or do I not include? Utilities paid with a separate check payable to landlord.
A: I do not think so, but ask your accountant. Check the IRS website for more details. File your Continue reading