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mrsstoll
December 11, 2023
Question

Sub Account for Vendor

  • December 11, 2023
  • 1 reply
  • 0 views

We currently have Penn Power set up as a vendor but we are a rental company is there any way for me to make multiple Penn Power vendors to track each properties electric (aka such as by account # or beginning of the address) and if so how?

 

Thanks

1 reply

M
Mark_AG
December 11, 2023

Hi there, @mrsstoll.

 

Let me provide you with information about setting up a rental company in QuickBooks Desktop. The properties you manage should be created as Customers. Create a Job under your customers to serve as tenants. Your Vendors are the owners of the properties. You can create multiple vendors for multiple properties owned by different companies. You'll need to create multiple Customers if you have multiple managed properties.

 

Moreover, you can check this article for more details about setting up a rental property company: Record transactions for a property management company.

 

You can also learn how to record and manage upfront deposits or retainers from your tenants.

 

Let me know if you have further questions about managing rental property in QuickBooks Desktop. I'd gladly assist you anytime.

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