Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

860
Posts
323
Votes
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

96
Posts
68
Votes
Todd Lennig
  • Accountant
  • New York
68
Votes |
96
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
  • Loading replies...