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August 6, 2022
Question

How do I create separate pages for different rental properties to track the financial performance of individual properties?

  • August 6, 2022
  • 1 reply
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I have two different rental properties with different performances and different bank accounts. How do I create sections to keep them separate?

1 reply

August 6, 2022

I'll share ways on how we can handle this, omllc1205.

 

We can use the Tags feature to track rental properties separately. This helps us track things the way we want without affecting our books. First, let's turn on this feature. Here's how:

 

  1. Go to the Gear icon and select Account and Settings.
  2. Select the Sales tab.
  3. In the Sales form content section, turn on Tags. Then select Save.
  4. Select the Expenses tab.
  5. In the Bills and Expenses section, turn on the Show Tags field on expense and purchase forms. Then select Save.
  6. Select Done.

 

Then, start creating tag groups. We can add this to a new or an existing transaction by opening an invoice or expense. Then, click the Tags field, and select one of your groups to add the tag. We can use the articles below for our guides:

 

 

Another way that we can consider is using a third-party application. If you're looking for this option, we can visit this link: QuickBooks Apps Store. From there, we can find different apps that are compatible to work with QuickBooks Online. 

 

The last option that I can share is to use QuickBooks Online Advanced. This plan is good for property management. Let's visit and read more in this article to get some ideas: QuickBooks Online Advanced for real estate property management, Part 1: Overview and setup.


Those are ways to handle different rental properties separately. We can check these articles to manage reports in QBO like, the Profit and Loss by Tag Group report to see how specific areas of your business are doing.

 

 

Stay in touch if you have other concerns about QuickBooks Online. I'm always here to share the correct process of handling data in the program. Take care and have a good one!

August 14, 2022

 Hi omllc1205,

 

Hope you’re doing great. I wanted to see how everything is going about creating pages for different rental properties. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.

 

Looking forward to your reply. Have a pleasant day ahead!

September 21, 2022

Hello

We are having the same problem, we have over 100 properties and have signed up to simple start not knowing it didnt include the class tracking function. If we upgraded though is there a limit on classes? Ive read 40 which would be no good with havong 100 properties so would thge Tag system work better for us?

 

Thanks