Q: How do I set my custom invoice to be the default invoice that comes up when I go to enter a new invoice? A: Easy way is to inactivate the invoice templates you will not be using. Click on Edit > Template > right click on the template and select inactivate. […]

Hi Gita, Your QuickBooks Landlord Guide to Financial and Property Management has saved me so much money and time. So my question is how would I export and import the invoice template from another file. Just a little on how I came about buying your book on real estate using QuickBooks. I found you […]

Q: How can I adjust the On Screen Invoice to show a Subtotal of the goods supplied? In the Customize window the option to tick the box is not allowed. A: Create a new item called Subtotal and enter it on the screen. It will also print on the invoice. Click on QuickBooks Help for more […]

Q: I am a property manager using QuickBooks. Most of my residents make cash payments towards rent in person.  We always enter the payment through the customer payment screen and print a receipt. However, the payment receipts do not have a tracking number. I would like to audit the payment receipts or assign a tracking number to […]

Q: How do I correctly set up a home loan account(s) to track principal, escrow, and interest on an already existing mortgage? A: Enter the vendor name, loan account as a liability account and use the Loan Manager under Banking tab on the menu bar. Check out the help section within QuickBooks program for more detail. […]

Q: What is the correct way of recording a sale of a property for a real estate agency? (i.e. the commission earned). QuickBooks asks for an item code on the invoicing screen (i.e. Stock item), but the properties are not owned by the estate agency. A: As an agency even though you do not own the […]

Q: I am trying to use QB to manage a number of accounts with the same bank, some are escrows. I can’t find any info on how to do this. A: To track multiple bank accounts create a main account and then create sub-accounts under the main Escrow bank account. […]

IR-2012-52, May 14, 2012 — The Treasury Department and the IRS will jointly conduct a consultation and listening session on the General Welfare Exclusion to Benefits Provided under Indian Tribal Government Programs. [Read More...]

IR-2012-51, May 4, 2012 — Applications are being accepted for the Internal Revenue Service Advisory Council, which provides a public forum for IRS officials and representatives of the public to discuss relevant federal tax administration issues. [Read More...]

IR-2012-50, May 2, 2012 — The Internal Revenue Service today announced the opening of the 2013 Low Income Taxpayer Clinic (LITC) grant application process. [Read More...]