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| Adding a building:
When you add a building it uses the building name to create a Customer and at
the same time a Class in QuickBooks. The Class is then used as a way to distinguish
one building from another for financial statements and expenses.
Property Management Company fees - MyProp has the ability to calculate management fees and then send data to QuickBooks to create a check. |
Receiving Rents: When you receive rents, late charges, etc. they are posted to QuickBooks as a Sales Receipt. Miscellaneous Deposits: Miscellaneous deposits are also added to Quickbooks as a Sales receipt. Owners Draws - You can set up a minimum amount to pay an owner as well as a reserve amount. When you run the Owners Cash Position report you can also send QuickBooks data to create an Owner draw check. |
