My LLC finds hotels to buy. A syndicate buys the hotel and my LLC gets a percent of the ownership. We have lots of expenses and get dividends for our Passive ownership of the hotel. How do I record this in QB desktop?

I know how important it is to ensure your books are accurate, ts85. I've got your back.

To record the value of the shares, let's create three accounts. I'll show you how:

1. From the QuickBooks Lists menu, choose Chart of Accounts.
2. Right-click anywhere and click New.
3. Create a loan account.
   1. Click the Other Account Types drop-down and choose Long Term Liability, then click Continue.
   2. In the Name field, enter the name of the loan.
   3. Click the Enter Opening Balance button.
   4. In the as of field, enter the loan origination date.
   5. Click Save & New.
4. Create an escrow account.
   1. From the Type drop-down list, choose Other Current Asset.
   2. Enter a name for the account (Escrow, for example).
   3. Click Save & New.
5. Create an expense account.
   1. From the Type drop-down list, choose Expense.
   2. Enter a name for the account (Interest, for example).
   3. Click OK.

I'd recommend consulting an accountant for the accounts you need to use in the transactions. For more details, please see this article: Track Escrow Activity.

For the second question, we can create a bank deposit affecting the dividend income account.

Meanwhile, I'd suggest consulting an accountant to answer the other questions. For the second question, we can create a bank deposit affecting the dividend income account.

Additionally, I've added these resources that'll help you customize the data, add or delete columns, add or remove information on the header/footer, and even personalize the font and style of the report:

• Understand Reports
• Customize Reports
• Memorize Reports

Please keep us updated if you need additional assistance tracking your business transactions in QuickBooks. We're always here to help.