Before you make your first rent collection form tenants, you must set up and prepare your property management statement and prepare and memorize your property management reports in your QuickBooks desktop file. You will see that if you properly customize the QuickBooks customer balance detail report, you can make a property management financial statement that will act as a payout deposit report to the landlord client that will explain n every part of their monthly payout. This rent balance report will show every transaction that relate to collected net and will help explain to your landlord client why they received the monthly deposit amount that was a result of collected rent minus propertyrelated expenses withheld as per your service agreement with the landlords that you service.


The full desktop management playlist is here and it’s free for all property managers to learn……….

   • QuickBooks For Rental Property Servic...  



This playlist was created to prove that QuickBooks desktop is the absolute best property management software ever!! Any property management company or any company that gives rental property service to a real estate rental company, needs to us QuickBooks desktop in exactly the way these videos show in order to keep records of property management financially, regarding each area of property data. If you operate as a real estate rental management company, then you manage the property for ten owners and the landlords are your customers as continued clients. Their tenants are also your continuing clients until they move out. The property management company must: collect rent, pay property expenses, and charge a property management service fee for themselves before releasing or remitting the money to their property owners with a monthly deposit statement. If those are your property management company procedures, then you will absolutely benefit from using QuickBooks desktop and following this playlist stepbystep.


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