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Updated almost 2 years ago,

User Stats

50
Posts
40
Votes
Ben Russell
40
Votes |
50
Posts

Setting up chart of accounts in buildium

Ben Russell
Posted

Hi,

Expanding into PM from RE and will be using Buildium.  I am trying to set the chart of accounts up so I can run the books for both the RE and PM side of the business through Buildium.  For those that are doing this (or something similar), what is the best option:

1-Use general accounts as parent accounts, and then set up a subaccount for both the PM and RE side.  

Example:  

Advertising Expense (parent account)

-Advertising PM (sub account)

-Advertising RE (sub account)

2- Or, set up 2 parent accounts as PM and RE, and then build out the subaccounts under those two parent accounts.  I think this option would be the most logical, but what I don't like is that you can only use 1 subaccount.  For example, Advertising could not have additional subcategories of Print and Digital Advertising.

Thanks for the advise.

Ben 

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