I started rehabbing homes last year. Started using Quickbooks Pro 2017 for accounting.
I have invested my own $500,000 for this business.
Under which category this amount ($500,000) should go to get correct Balance sheet and Profit & Loss statements.
Appreciate your help.
You should use an owner contributions account for this type of transaction. When rehabbing, you should also setup a budget and then get weekly actual vs. budget report emailed to you automatically from QB to keep track of your project. If you use the phone app and classes in QB, you can track by property very accurately and easily.