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Updated almost 4 years ago on . Most recent reply

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Quickbooks Set-Up Question

Bethany Crawford
Posted

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! 

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