Oftentimes we are asked by property manager clients about issuing 1099s to property owners. You know you have to include rent, but it can be a tricky business if you find yourself wondering about including ...

Q: How would I change my QuickBooks file to another chart of accounts (from rental to property management)? A: You have two options: Create a new company file and select Property Management as your ...

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 fi...

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 agreemen...

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...

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...

Q: How do I record buy, rehab, and sell properties to reflect the cost for each individual property? A: Create an Item for the Property. Link it to an Asset account. When recording transactions for the p...

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 as...