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Updated over 6 years ago,
Bookkeeping for multiple properties
I am just purchasing a second investment property. imI use them both as short term vacation rentals. They are both under the same LLC, so are OK being under the same Quickbooks company file - however I want to make sure to track income and expenses separately so that I can analyze profitability separately on them.
Does anyone have any suggestions on being as efficient as possible with this? As a vacation rental I am already doing a lot of entries with income. I’m trying to keep from doing too much additional work and would like to keep it to one company file - but making sure i can track both is important.
Thanks!