Quickbooks Rental Property Manager For Mac

Best linux distribution for windows or mac or amiga or dos or legacy software windows 7. Compatibility Windows. Mac version available in US only. Windows, Mac, online. Versions Quickbooks Pro, Quickbooks Premier, Quickbooks Enterprise Solutions Quicken New User, Quicken Basic, Quicken deluxe, Quicken Rental Property Manager, Quicken Premier.

REMINDERS • These procedures work best if you are a property manager who needs to track multiple small to medium sized properties. If your property management business comprises several large properties, multiple residential complexes, or business offices, you may want to contact your trade organization to see if QuickBooks is right for you. In all cases, it is wise to check with your accountant who can help you customize QuickBooks for your particular needs.

• Laws and regulations relating to property management and their applications can vary widely based on the state, industry and/or the specific facts and circumstances involved. An accounting professional can provide specific advice tailored to your situation. Recommendations for setting up your business. As a property manager, you are actually performing the duties of two different types of companies.

For one company, you act as an agent on behalf of the property owner. You collect rent and security deposits, pay for maintenance and repairs, and handle pass-through expenses to tenants. This is the 'Rental Property company.' For the second company, you pay yourself by retaining a portion of the receipts, and ensure that the property owner receives the amount of money due. This is the 'Property Management company.'

It's critical that you keep the transactions of the rental property company separate from your property management company. The way to handle this is to create two QuickBooks companies.

• Rental property company: tracks the income and expenses for your client's properties. • Property management company: represents your own company with its income from management fees and overhead expenses. To create customers and job: • From the Customers menu, select Customer Center.

• In the Customer Center, select the New Customer & Job drop-down, then select New Customer or New Jobs. Alternately, you can select Add Multiple Customer: Jobs to enter all your customers data at once. • Enter the customer or job information, then select OK. Add customized fields to describe property owners You can use QuickBooks customized fields to add information about your customers. You may want to add the following information. • Reporting preference (how often the property owner wants to receive reports) • Reserve (how much reserve the property owners want you to retain for expenses for their properties) • Accountant name (property owners might want their accountants informed of certain issues or decisions) Set up tenants as jobs The tenants of a property you manage are jobs attached to the customers and the properties you manage for them. You should set up each tenant as a job in the Customer:Job list.