Quickbooks Desktop Set up

[Justine Scheuher]

Hey BP Family! I took the plunge and bought Quickbooks Desktop. Super overwhelmed and not sure where to begin. Does anyone have a tutorial they would recommend? 
Currently I have 4 rental properties (3 SFH and 1 4plex). They are all held in my name for now, but eventually will be transferred into my LLC....whats the best way to enter them in? Is it possible to set it up to run numbers separately AND all together?

[Arlan Potter]

Each Property address is a customer

Set up the Monthly rent as a recurring invoice

Receive payments against the invoices

When Paying bills/expenses, always put a customer/house address(in the name field) where the expense was incurred. Such as if you received a bill for a plumber, put the house(customer) in the name field. This is for financial reporting by house.

Doing this you can print or look at a P & L by house or in total. Individual will be used to enter to your schedule E for your tax return.

Also when you initially buy a property, enter the house as a Fixed Asset named the house address. 

Now you have a quick lesson.  I have used QB for over 20 years for my rentals. It works well if you know how to set it up. You will pick it up fairly easy.