Tracking PM income/expenses in QB - best practice?
Hello,
We are using QB desktop Pro 2017. Our PM provides a detailed income statement and I'm looking for the best method to post the transactions (gross rents, expenses, etc) instead of the Net we receive. I've read a few posts on the intuit forum but still didn't seem to find an answer that satisfied me. Has anyone ever setup a "clearing account" in QB for this purpose? Basically, this account would mirror the PMs checking account and then net profit would "transfer" to our checking account. I'm curious to learn how other people document these transactions.
Thanks!