SME Bookkeeper
Level 4

Transactions

Hi @Wolfbro,

Thank you for writing here.

Your first sentence is a bit confusing. Do you use QBO for your IT business or rent collection? Or do you use it for both business and personal expenses?

 

Let's jump to the rent collection,

From your tenant you receive the amount altogether, then you need it split it. You can do it in two ways. Though it's not your short-term rental like Airbnb, then do it by raising the invoice.

In one invoice you can include all the parts

Rent collection Income

Electric bill income

Rent receivable

Energy credit (Sounds like a security deposit)

 

Take care of tenant transactions in this way. Organize your chart of accounts first. Feel free to reach out through the bio for any kind of bookkeeping help.

 

All the best

@SME Bookkeeper