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Business and Rental Property Tools (Windows)
Quicken Home and Business Accessory Dwelling Unit: shared utilities
LC_43
Hi,
I have a primary residence (PR) and legal accessory dwelling unit (ADU) that share utilities. The ADU occupies a total of 25% of the total square footage for my property. My question is, how do I track utility expenses for the ADU? For example, a single utility payment covers both the PR and ADU. One thought is to split the payment transaction, 75% personnel and 25% for the ADU. What would be preferred is to have this done automatically. Is this possible using Quicken Home and Business?
Thanks
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Tom Young
Yes, you should be able to do that.
I'd establish "Personal Residence" and "ADU" subcategories to the utility Category you've already got established, then set up a memorized payee with the name of the utility provider, to be split between Personal Residence and ADU by percentages as explained here:
https://help.quicken.com/display/CAN/Memorize+and+use+a+split+transaction+with+percentages
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