Flip mobile homes – QuickBooks can be used as a property management system for any type of real estate. If you are flipping mobile homes–or any property for that matter–you’ll want to know what your bottom line is.
Q: I buy and sell Flip mobile homes. I also hold notes against the homes. How should I enter these in QuickBooks to accurately show my bottom line?
A: Notes are money owed to you at a later time. The account to use should be Accounts Receivable.
Create invoices for the principal and interest for each month and receive payments as you would from a tenant.