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March 16, 2024
Question

I have a property management company and would like to allow tenants to pay their rent via quickbooks is this possible?

  • March 16, 2024
  • 1 reply
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Are there fees with this if its possible? 

1 reply

March 16, 2024

Good day, Tmlangpm. You certainly can use QuickBooks to collect rent payments from your tenants, and I'll share how.

 

You'll want to sign up for QuickBooks Payments to start accepting occupant payments. You can process them in QuickBooks by credit card, debit, ACH bank transfer, PayPal, and Venmo. Please take note it's subject to eligibility criteria, credit, and application approval.

 

To proceed, follow the steps below:

 

  1. Go to the Gear icon and select Account and settings.
  2. On the Payments tab, click Learn more in the QuickBooks Payment section.
  3. Choose Set up Payments.
  4. Enter all required details and follow the onscreen steps.

 

Once activated, you can use the invoice feature to send out the rent costs. It will contain a link or button for your tenants to pay online. Here's an article for more information: Take and Process Payments in QuickBooks Online with QuickBooks Payments.

 

Additionally, please know that fees vary depending on whether the card is swiped, invoiced, or keyed. See this reference for the detailed rates: What are the fees for QuickBooks Payments? 

 

Furthermore, bookmark this guide to learn about the deposit speed: Find out when QuickBooks Payments deposits customer payments.

 

You can always ask for follow-up questions about handling your receivables from tenants. I'll be there to help you every step of the way. Have a great day!