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

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Renee M Smith
Renee M Smith Member ✭✭
in Business and Rental Property Tools (Windows)
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 ✭✭✭✭✭
    Answer ✓
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    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 February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Answer ✓
    Options
    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 February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Renee M Smith
    Renee M Smith Member ✭✭
    Options
    Very helpful advice. Thank you!
This discussion has been closed.

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