Hello!

For tracking properties as inventory in QuickBooks Online (QBO), here's a solution:

Set Up Inventory Items: Use the Product/Service List to set up each property as a "non-inventory item." Include purchase price, closing costs, and renovation costs under "Expenses."
Track Costs: Record costs using Purchase Orders or Bills, tagging the property item.
COGS Assignment: Create journal entries to move total costs from an expense account to COGS when a property is sold.

Profit Margins: Use reports like "Profit & Loss" to track margins per property.
Alternatively, for a more advanced solution with mobile capabilities, consider Cleverence Warehouse 15. It works seamlessly with QBO to track inventory via barcodes, link costs to items, and maintain real-time updates. It’s perfect for managing properties, printing/scanning labels, and syncing with QuickBooks efficiently.

Learn more: Warehouse 15 for QuickBooks.
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