Q: How do I correctly set up a home loan account(s) to track principal, escrow, and interest on an already existing mortgage? A: Enter the vendor name, loan account as a liability account and use the Loa...

Q: What is the correct way of recording a sale of a property for a real estate agency? (i.e. the commission earned). QuickBooks asks for an item code on the invoicing screen (i.e. Stock item), but the prope...

Whether your storage rental business is large, small, or just starting up, it is important to use self-storage software to manage your company and its financials. A sound accounting system is the key to ...

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 na...

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 ...

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 a more unlimited number of QuickBooks company files. But you c...

Q: How do I secure access to check register, write checks, record deposits, client lists, etc. but still allow someone to run reports without viewing sensitive and confidential information? A: Protec...

Q. I am trying to determine if I should use a non-inventory item to track our cost to inventory purchase of a house or sell a house. A. First you have to decide, whether you purchased the house for f...