Section 8 accounting question with Quickbooks

[Steve Saltman]

Tenant pays, say $300. Housing authority pays, say, $700.

When recording the $700 payment, do you create a new customer for that tenant/HA combo or just have all HA payments from a single "Housing Authority" customer? Or just ignore the source and say that the payment came from the tenant and put a note "from housing authority".

There's an extra step applying a separate customer payment against a rental invoice created for the tenant.

Any thoughts?

[Dan V.]

@Steve Saltman It seems like you already figured out the way to track it by setting up the payment method for Section 8 payment. Adding a note on the payment transaction will not hurt as well. Another option, is to split the invoice into 2 lines, 1 for Section 8 portion and 1 for tenant paid portion, if you want to track the income for these 2 different sources as well.