Question

I need to track income and expenses for a rental property in the US and one in Canada. Would it make sense to have separate qb accounts for each? Or add multi-currency?

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QuickBooks Online

Fiat Lux - ASIA

imho, you need to open two separate QBO account due to the different location (i.e country) for each asset.

https://quickbooks.grsm.io/US

https://quickbooks.grsm.io/us-promo

Then you may consider to consolidate them with another app.

I have a rental property in the US, but do not see where QB includes the categories listed in the IRS Schedule E. Do I just enter them manually?

Hi CTH3. Thanks for chiming in on this thread. I'll be glad to help steer you in the right direction. To get started, are you using the Canadian version of QuickBooks or the US?