Quickbooks for seller financed properties?
2 Replies
Patricia A. Carroll
posted about 2 years ago
We have a couple of properties that we flipped, and then financed the mortgage for the new owners. Is there a way to utilize the loan manager in Quickbooks for mortgage payments due to us? Or other suggestions for handling a loan where we are the lender? I recently purchased Quickbooks Pro 2019, and the learning curve is steeper than anticipated! Thanks in advance for any assistance, Patty
Jason Dillard
Real Estate Broker from Greer, SC
replied about 2 years ago
We had to convert years ago to Rent Manager as our property management software for this very reason.
Gita Faust
Accountant from Richboro - Philadelphia, PA
replied almost 2 years ago
A BIG NO. Loan manager is when you are making a payment. If you use it, make sure you backup it up separately.
What are your terms? All software have a learning curve, and is unique. Make sure you ask one person for advice and follow it through rather then surfing.