how do i properly set up a homeowners association in Quickbooks? with all the right accounts that represent the monthly maintenance fee etc, which items and chart of accounts should I have....based on how the year ended and all the details from the last person in charge of the books, should i integrate that information in some way or another in this years info?? please help.
You do have a lot of questions, find a consultant and take your last years Profit & Loss and Balance Sheet. They should be able to help you.
Gita Faust
Advanced Certified QuickBooks ProAdvisor® Intuit Solution Provider | Enterprise Suite Certified | Point-of-Sale/Retail Solutions Certified
Member of Intuit Trainer/Writer Network
Author of "Accounting for Real Estate Agents" | "Manage Community Associations with QuickBooks" for Condo & HOA | "Manage Properties with QuickBooks" for property owners | "Manage Properties with QuickBooks" for property managers
Publisher company: www.expertpublishers.com
Consulting company: www.FastTrackAccounting.com
I am at the point now that you were in Jan when you did your post? Got any advise?
You should really create your own question and not add on to one from last year.
There is a default chart of accts for property management in QB. Go to file>new company and follow the easy step interview.
