Any suggestions on how to set up a property mgt bus in QB? The file I am taking over has the Homeowners (houses) AND the Tenants both as Customers. Each house is also a class. The property mgr (the client) is a Vendor, along with all the maintenance expenses for the houses. How to post tenant deposits as well as homeowner funds for maint. Creating a monthly report for the homeowner.
If you are a property mgmt company and are managing other people's properties then the QB help files will tell you how to set this up. Click on Help at the top menu bar and then on Help Index and look under the topic: property management companies and read all info found there. You will need to set up two company files - one for your own company and one for the properties that are managed.
If you are managing your own properties (or are doing this for the owner of the properties) then I would advise getting the book offered at this site:
http://www.quickbooks-4-rentals.com/
and it will show you how to set this up and use QB for this type of business.
