General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Quickbook Tenant Payments When Management Fees Have Been Deducted
Hello. I will be using Quickbooks Desktop for my 2018 booking keeping on long term rental properties. I am learning how to use it and practicing and am having trouble with a specific scenario.
I receive payments via deposit into a bank account from my property manager. He accepts payment, takes his fee, and deposits the remainder. How do I enter this so that the tenant gets full credit for their payment while at the same time the management fee is deducted, and everything comes out in the bank register as it should so I can reconcile my account. Thanks in advance.