Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago, 04/15/2021
Quickbooks Set-Up Question
Hi crew,
I'm getting started with Quickbooks Online, and I want to set up my chart of accounts properly. How would you advise categorizing the rent payments received for my first residential rental properties (2 separate units in a duplex). Do you lump them all into one account or do you create separate accounts and itemize rent by property? Does it make sense to set it up one way with so few properties and change it once I have more?
Thanks in advance!