Posted by Nathan(oh) on December 20, 2001 at 13:18:09:
Which version do you use?
Bank accounts - Posted by Nathan(oh)
Posted by Nathan(oh) on December 19, 2001 at 22:33:18:
I was wondering how all of you handle your accounts for businesses and properties. Do you have all of your rentals, lo’s, rehabs, etc. under one acct. or one for each? Also, do you mix your advertising and misc. expenses with those accounts? I am trying to figure out the best plan and easiest way to keep track of income expenses because I am not well organized. Thanks as always,
Nathan
Re: Bank accounts - Posted by David H
Posted by David H on December 20, 2001 at 12:42:20:
I have a single bank account for all rental and related business expenses. My accountant set up Quickbooks for me, and I use separate classes for each property. G&A expenses are not assigned to a rental property class. It’s very easy to run Quickboooks report by class and see per-property income, expense etc. I can’t see why anyone would want to go to the trouble/expense of having multiple bank accounts.