5). Record income and expenses either manually, syncing with a cloud accounting app or a combination of both.
When you’re using QBO for property management, generally you record transactions using the same method you would for any business with a couple of additional helpful steps. Select the class to indicate which service it relates to. Additionally, if it’s an expense for any of the properties or units you manage (as opposed to your own business expense), mark it as billable and select the appropriate property or unit from the customer drop-down menu.