Skip to main content
D
Debra65
February 21, 2020
Question

Rental Accounting

  • February 21, 2020
  • 1 reply
  • 0 views

Having a brain freeze today and cannot work through this but need to make changes to previous posting:

Tenants are listed by Property, Unit, etc. correctly

Problem is posting to Rental Income when the rent is not paid on time and months behind.  I don't want my rental income to be "what should have been earned" for tax time but what actually was paid to me.

Help needed on posting for this:  I know Rent Receivables is involved.

Thanks!!

1 reply

L
LauraAB
February 21, 2020

Hello Debra65,

 

We're all prone to brain freezes sometimes. I know I am! In these instances, it's always good to have someone on your side you can bounce ideas off of or work with to resolve these issues. QuickBooks Community is a great place to come to brainstorm or get answers. I'll point you in the right direction.

 

What you're describing here will take a bit of accounting know-how, which I have a feeling you know considering the title of your question. If you're not already working with an accountant, QuickBooks can help you connect with one using the Find an Accountant page. On that page, you simply enter your postal code or city into the search field provided, then click Find a ProAdvisor. ProAdvisor is the term we use to identify accountants and bookkeepers who have taken QuickBooks certification courses. This means they have both the accounting training and the QuickBooks knowledge to back you.

 

From time to time, accountant users will also chime in here in the community, so keep an eye out for responses. As a tech support agent, I can let you know how the program works, but I leave the accounting finessing to those with the training. This article may give you some further insight or jog your memory of the process you've taken before, so feel free to read it over: Create a property management company

 

Have a great weekend!

Terms & ConditionsAccessibility statement