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Updated 12 months ago,
Set up Quickbooks for real estate investing/rentals
I'm a new real estate investor, interest in purchasing multi-family properties and renting them for the long-term. I have Quickbooks Pro 2016 (desktop version) and I'm looking for advice on setting it up for my business. I've heard of people using classes for each property/tenant, but I've also heard of people using customers or jobs for each property/tenant. I have a couple years of experience using Quickbooks so I'm pretty familiar with the basics. I just need some help setting it up for this particular application. I plan on having an accountant set up the majority of the accounts/details, but I'm curious about your recommendations. Any advice would be appreciated.