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Updated about 3 years ago on . Most recent reply

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860
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323
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Mayer M.
  • Investor
  • Cherry Hill, NJ
323
Votes |
860
Posts

utilizing QBO with multifamily. What’s the best way?

Mayer M.
  • Investor
  • Cherry Hill, NJ
Posted

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?

Most Popular Reply

User Stats

95
Posts
66
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Todd Lennig
  • Accountant
  • New York
66
Votes |
95
Posts
Todd Lennig
  • Accountant
  • New York
Replied

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.

  • Todd Lennig
  • [email protected]
  • (607) 283-4499
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