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Updated about 3 years ago on . Most recent reply
utilizing QBO with multifamily. What’s the best way?
What’s the best way to track income and expense is he using QBO for multi family properties?
Do you track expenses on a per unit & common space basis Or do you lump all expenses together?
For income, do you lump all the income together or do you track income by unit?
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I have several bookkeeping clients that use the Quickbooks Plus. This gives you the class feature which allows you to put properties and you can categorize transactions specifically to a property. This also allows you to create a P&L for each property or door, obviously also for the whole business.