Q: I have rentals properties, will this program work for me?  If so, where do I list my tenants?

A: Yes, QuickBooks can be adapted to meet your property management needs using some simple workflows and procedures. Here is a mini mini version of my guide Manage Properties with QuickBooks:

• Create a new company file and select property management or rental for landlords Chart of Accounts
• Create a Customer and Class (for Owner)
• Create a Job and Subclass (for Property)
• Create a Job (for Unit)
• Create a Job (for Tenant/Member name)
• Enter an invoice and memorize it
• Receive a payment
• Make Deposit
• Create statements, if necessary
• Enter and pay bills or write check
• Reconcile all accounts
• View your reports – Profit & Loss and Balance Sheet for accuracy

Of course there is more than what is noted, but this is the basic set-up and steps.

Select and view the appropriate Manage Properties with QuickBooks guide for your business: for Landlords, Property Managers, Commercial Property Management (NNN), and Community Associations – Condo and HOA.