Splitting Expenses to properties

rickwhipple

I am new to quicken So bear with me. I own 3 rental properties and my accountant want expenses that are used for multiple properties to be split accordingly. Example insurance for all 3 properties if $640.00 per month. How to I split this out to each property? the reason for this is at the end of the year or month I want to be able to see what each property expenses are. Right now I am going to the property rental tab, then to add transactions, then drop down to enter expense and in this down it give me a drop down to select property. not multiple properties like i want and or need. Please help if you can Thanks

Frankx

Hi @rickwhipple,

I think the easiest way to record this type of split transaction is to use the check register (rather than entering the transaction from the Rental Property tab).  In the check register, you'll be able to "split" both the transaction category (which would be something like "Insurance - Rental Props") and the "Tag" field (which could be Property #1, Property #2, and Property #3).  This will result in recording the payment itself and allocations to each rental unit in one transaction.

Let me know if you have any followup questions.

Frankx

Frankx

Hi @rickwhipple,

I think the easiest way to record this type of split transaction is to use the check register (rather than entering the transaction from the Rental Property tab).  In the check register, you'll be able to "split" both the transaction category (which would be something like "Insurance - Rental Props") and the "Tag" field (which could be Property #1, Property #2, and Property #3).  This will result in recording the payment itself and allocations to each rental unit in one transaction.

Let me know if you have any followup questions.

Frankx

rickwhipple

Thank you very much Frankx! Just what i was looking for!