I know this is an older thread, but I don't understand why QB cannot support a Property Management business without requiring us to pay for TWO accounts? I am set up as an LLC / Sole Proprietor, so I will still be filing a Schedule C. Sometimes owners send me 1099's and other times I send THEM 1099's depending on their entity type.

I left QB years ago when I first started this company, and have been painstakingly managing the books on my own. They are very accurate and precise, but too time consuming for our growth. So I gave in recently and purchased the ONLINE version, when I began setting up everything, I went into the forums, learning that apparently QB still can't support a true PM business. 

In this I mean; as the agent for the investor or property owner, my job is to collect rents and security deposits, procure and pay vendors on owners behalf, pay the owners each month their yields (minus our fees) and provide them with a monthly Profit and Loss Statement. 

Then, there's me. My business, where I need to show all those fees from all different owners, as income to us, as well as my own expenses such as QB, utilities, insurance, etc.. and so on and so forth. 

Surely there has to be a way in QB to do this in one account. The other forums say to buy QB Desktop, pay additional fees and create a second company and go back and forth from there. This is not efficient or cost effective at ALL for my business type. Frankly, I'm discouraged. I had hoped there was a better way. Is there?