Property Manager says Quickbooks is holding funds
Hi All,
My property manager has recently started using Quickbooks. He is allowing tenants to pay online, but for those payments, the funds have been held by Quickbooks. Is this a common occurrence? The property manager said he is working on it, but if I could get any advice to pass along to him and expedite the process, I would appreciate it.
Thanks,
Joe
Most Popular Reply
Gita Faust
Tax & Financial Services
Pro Member
- Accountant
- Richboro - Philadelphia, PA
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News for property management companies using Intuit Merchant Service.
If you are collecting rent on behalf of landlords - Intuit will not approve property management company's account. Once in a while, it does get approved. But when they find out, they will hold the payment.
Ask them to call Intuit and take action ASAP.