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Updated about 6 years ago,
Quickbooks for owner rental properties
I’m setting up quickbooks and trying to figure out how to record a few things.
-Rent do I set the up as a bill or invoice?
-when the renter does not pay so I have to pay to cover the mortgage payment how do I record my payment? I read you list it as owner contribution or something like that (how do I set that up)
-when I pay the mortgage do I need to separate how the payment post? Example Principle, interest, escrow, etc...
-when I have bills and repairs for an apartment how do I show the payment is for that appointment, when I enter them now it only allows to to select the address of the building in the class.
Thank you
Gary