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Updated almost 5 years ago on . Most recent reply presented by

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125
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Christian D.
  • Real Estate Broker
  • New York, NY
63
Votes |
125
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Help with quickbooks online (adding multiple properties)

Christian D.
  • Real Estate Broker
  • New York, NY
Posted

I am wondering if anyone is relatively familiar with quickbooks online and uses it to track their income and expenses for their properties.

I have 6 properties, one of them is owned in an LLC, and the rest are in my personal name. 4 of them share one bank account, and the two others each have their own bank accounts.

Ideally, it would be great if I could just have one subscription and add each property along with the bank account that is linked to it. But it doesn't seem quickbooks gives me that option. I am trying to confirm if I need to set up 6 different quickbook accounts and pay for 6 separate subscriptions?

Most Popular Reply

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2,072
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1,382
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
1,382
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2,072
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
Replied

@Christian D.

1 account- multiple classes and multiple bank accounts. Each property gets its own class. Check out @mike @Mike Butlerundefined he has a great system and book. It’s worth adopting the system from his years of experience. Or hire a bookkeeper or your cpa to help you set it up. 

  • Carl Fischer
  • [email protected]
  • 215-283-2868
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