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How do you split a single rent check into 2 separate rental spaces?

I receive 1 rent check per month to be applied to 2 separate rental offices - how do I split this deposit in Quicken record in the rent center?

Best Answer

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    For each rental property, record the appropriate $ amount.
    Direct each payment NOT to your checking account ... but to an intermediate account.  I call mine "Undeposited Checks".
    THEN, transfer the actual deposit FROM that UC account to your checking account.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    For each rental property, record the appropriate $ amount.
    Direct each payment NOT to your checking account ... but to an intermediate account.  I call mine "Undeposited Checks".
    THEN, transfer the actual deposit FROM that UC account to your checking account.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Very helpful advice. Thank you!
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