Rental Property Profit&Loss : how to correct upcoming income and upcoming bills
mindpower
Member ✭✭
I may have been using Quicken wrong in the past, I'm not sure.
The profit&loss center shows rents for at least 2 yers from old tenants as upcoming income.
Those rents were collected, I entered them directly in the accounts, didn't use the 'enter rent' functionality. Those rents are paid on my account so they are downloaded from the bank, I just need to flag them as rent.
Now I wonder, what should I do to avoid this in the future. And how can I fix this so that the P&L dashboard is showing the correct figures.
I have the same problem with upcoming bills. I must have entered some kind of recurring bill in the past. So I need to correct this as well. I just can't find where those bills are located in the program.
Thanks for some help.
The profit&loss center shows rents for at least 2 yers from old tenants as upcoming income.
Those rents were collected, I entered them directly in the accounts, didn't use the 'enter rent' functionality. Those rents are paid on my account so they are downloaded from the bank, I just need to flag them as rent.
Now I wonder, what should I do to avoid this in the future. And how can I fix this so that the P&L dashboard is showing the correct figures.
I have the same problem with upcoming bills. I must have entered some kind of recurring bill in the past. So I need to correct this as well. I just can't find where those bills are located in the program.
Thanks for some help.
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Best Answer
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Okay, I was looking in the wrong place. I found the bill section below the accounts and managed to remove everything there. Thanks!0
Answers
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You could simply "skip" the reminders in the P&L center? I have several rental properties that I use Quicken RPM (2017) that I used to track finances. These were set up in the Rental Center and with Rental Tags. My Business Center does not pick up on these, so if I use the P&L reports, they return no data.I have to run reports in the Rental section.
For Bills, there is a Bill section and you can look at memorized bills for all accounts or accounts 1 by 1. If you enter in a bill directly and tag that entry with the correct category & tag, then it should show in your reports and you can skip the reminder.0 -
Okay, I was looking in the wrong place. I found the bill section below the accounts and managed to remove everything there. Thanks!0
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