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Quicken Classic for Windows
Business and Rental Property Tools (Windows)
How do you split a single rent check into 2 separate rental spaces?
Renee M Smith
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?
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Accepted answers
NotACPA
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.
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NotACPA
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.
Renee M Smith
Very helpful advice. Thank you!
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