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Updated over 7 years ago on . Most recent reply

User Stats

133
Posts
54
Votes
Jay Dean
  • Investor
  • Manvel, TX
54
Votes |
133
Posts

Collecting rent - Quickbooks autobill or something else?

Jay Dean
  • Investor
  • Manvel, TX
Posted

I already have my books on Quick Books.  Should I get setup with the bill / electronic payment system in QuickBooks to somewhat automate rent collection or do you like another service better?

Most Popular Reply

User Stats

29
Posts
11
Votes
Kevin Schulz
  • Vendor
  • Ludington, MI
11
Votes |
29
Posts
Kevin Schulz
  • Vendor
  • Ludington, MI
Replied

I certainly recommend using the invoicing feature of QuickBooks for multiple reasons (cashflow, past due rent tracking etc...) and if you have QB Online hooked up to your bank accounts, it comes in as a match.   Very straightforward as long as you don't have too many tenants with the same rent due the same day... then you have to double check which one the payment is coming for.   I think there are extra fees to do what you are a considering and none of my clients use that feature.

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