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    <title>Landlord Accounting Forums</title>
    <link>http://landlordaccounting.com/forum/index.php</link>
    <description><![CDATA[]]></description>
    <language>en</language>
    <pubDate>Thu, 20 Nov 2008 22:31:44 -0500</pubDate>
    <lastBuildDate>Thu, 20 Nov 2008 22:31:44 -0500</lastBuildDate>
    <category>Landlord Accounting Forums</category>
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    <item>
      <title>[All other questions] Re: New purchase</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2050,2052#msg-2052</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Rhonee,

Great to hear from you. Thanks for using the forum. First off: purchasing properties should always be run by your accountant to make sure it's in QB's the right way. Special charges and details with the closing make it worth getting their expert pair of eyes to look everything over.

Second, on to a hint for your question. You'll want to create a Fixed Asset account for this property. (Underneith the account 1300 for all real estate assets). Also you will want to cover all of the closing line items in appropriate accounts. There are so many variations for closing statements, I can't give a specific recipe for you, however if after talking with your accountant you'd like to share on the forums we all would appreciate it.

I hope this helps some,]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2050,2052#msg-2052</guid>
      <pubDate>Thu, 20 Nov 2008 22:31:44 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Jobs - Where to list address, etc.</title>
      <link>http://landlordaccounting.com/forum/read.php?3,1897,2051#msg-2051</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Susan,

Try editing a Customer:Job, and you'll see several tabs. In these tabs are fields you can set for phone number, address, name, email, etc. Also, for other things you want to track, you can add these as custom fields. (check out section 7.16    Building Insurance Expiration and Status Report or an example in the ebook).

Hope this helps!]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,1897,2051#msg-2051</guid>
      <pubDate>Thu, 20 Nov 2008 22:28:03 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] New purchase</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2050,2050#msg-2050</link>
      <author>Rhonee Allen</author>
      <description><![CDATA[Hi,

Just purchased a single family property in Napa Valley under value in March through my LLC. Should I list the property, downpayment, points, ect in the chart of accounts.  I intend on making this a vacation rental?]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2050,2050#msg-2050</guid>
      <pubDate>Thu, 20 Nov 2008 15:03:38 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Jobs - Where to list address, etc.</title>
      <link>http://landlordaccounting.com/forum/read.php?3,1897,2049#msg-2049</link>
      <author>Susan</author>
      <description><![CDATA[Where do you type in tenant info? ie addresses, rent info, etc.  I am wondering the same thing?]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,1897,2049#msg-2049</guid>
      <pubDate>Thu, 20 Nov 2008 10:34:57 -0500</pubDate>
    </item>
    <item>
      <title>[Pre-Purchase questions about the manual] Re: leases</title>
      <link>http://landlordaccounting.com/forum/read.php?1,2046,2048#msg-2048</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Revell,

This is not included in the template files. What is briefly covered is how to track anniversary dates for tenants so that you know when to send them a new lease.]]></description>
      <category>Pre-Purchase questions about the manual</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?1,2046,2048#msg-2048</guid>
      <pubDate>Thu, 20 Nov 2008 09:45:26 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Setting up my company</title>
      <link>http://landlordaccounting.com/forum/read.php?3,1870,2047#msg-2047</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Lori,

This is something you'll need to talk to your accountant about. Getting contributions and payments correct is an important and complicated legal and tax issue.

If you wish to share with us what you learn, we'd be glad to hear from you on the forum again!

Also, remember a mortgage payment is not just an expense, but probably split between principle and interest payments. The principle pays down the Liability account for the mortgage, and the interest is an expense.]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,1870,2047#msg-2047</guid>
      <pubDate>Thu, 20 Nov 2008 09:44:24 -0500</pubDate>
    </item>
    <item>
      <title>[Pre-Purchase questions about the manual] leases</title>
      <link>http://landlordaccounting.com/forum/read.php?1,2046,2046#msg-2046</link>
      <author>revekk</author>
      <description><![CDATA[Does your template files include support for tracking leases begin, end periods with option periods? THe ability to post increase to rent per square footage during or at the start/end of these periods?

thanks,
revell]]></description>
      <category>Pre-Purchase questions about the manual</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?1,2046,2046#msg-2046</guid>
      <pubDate>Wed, 19 Nov 2008 16:29:01 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Setting up my company</title>
      <link>http://landlordaccounting.com/forum/read.php?3,1870,2045#msg-2045</link>
      <author>Lori</author>
      <description><![CDATA[When transferring a property from being personally owned to being owned by a company (LLC)what deductions can be taken?  I have an outstanding balance on the mortgage of the property I am putting under an LLC, so can it be paid out of the company's checking account and reported as an expense.  Can I write a note from myself to the company for what I bought the property for .  Each month my rent comes in, can I pay towards the loan to my self from the company and put that down as an expense, offsetting my rental income? If so can it be a zero percent loan to myself or is there a certain minimum percentage rate I need to charge myself?

Any help is appreciated. 

Thanks!

Lori]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,1870,2045#msg-2045</guid>
      <pubDate>Wed, 19 Nov 2008 06:40:29 -0500</pubDate>
    </item>
    <item>
      <title>[Pre-Purchase questions about the manual] Re: escrow accounts</title>
      <link>http://landlordaccounting.com/forum/read.php?1,2039,2044#msg-2044</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Revell,

I just saw your other post and replied there. Here's the response inline here


Thanks for the post -- I include basic CAM instructions, and basics about escrow. However, the complete end-to-end scenario you mention is not covered. Probably your most cost effective approach would be to take my guide for a spin (risk free), learn what you can, and run what questions remain by your accountant. 

Hope to hear from you again!]]></description>
      <category>Pre-Purchase questions about the manual</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?1,2039,2044#msg-2044</guid>
      <pubDate>Wed, 19 Nov 2008 03:03:32 -0500</pubDate>
    </item>
    <item>
      <title>[Pre-Purchase questions about the manual] Re: CAM</title>
      <link>http://landlordaccounting.com/forum/read.php?1,194,2043#msg-2043</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Revell,

Thanks for the post -- I include basic CAM instructions, and basics about escrow. However, the complete end-to-end scenario you mention is not covered. Probably your most cost effective approach would be to take my guide for a spin (risk free), learn what you can, and run what questions remain by your accountant. 

Hope to hear from you again!]]></description>
      <category>Pre-Purchase questions about the manual</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?1,194,2043#msg-2043</guid>
      <pubDate>Wed, 19 Nov 2008 03:02:53 -0500</pubDate>
    </item>
    <item>
      <title>[Customer Testimonials] Re: Which Quickbook do we purchase?</title>
      <link>http://landlordaccounting.com/forum/read.php?4,1821,2042#msg-2042</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Bibi,

Sorry for the confusion. I use 2009 now, and it works well. The fundamental principles are consistent through all those versions, so a 2008 version would be okay too, if you wanted to buy used to try and save some cash.

If you do that, though, don't go too far back, because very old versions won't let you do automatic bank transaction downloading, since they want to keep customers up to date with new versions.

Hope this helps!]]></description>
      <category>Customer Testimonials</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?4,1821,2042#msg-2042</guid>
      <pubDate>Wed, 19 Nov 2008 00:13:09 -0500</pubDate>
    </item>
    <item>
      <title>[Pre-Purchase questions about the manual] escrow accounts</title>
      <link>http://landlordaccounting.com/forum/read.php?1,2039,2039#msg-2039</link>
      <author>revell</author>
      <description><![CDATA[Does you template files, include setup for escrowed CAM accounts? These accounts are reconciled at year end, along with the taxes and insurance. Does the template contain the setup for escrowed taxes and insurance, as well?

Does the template files include reports for reconcilation of CAM, INS, and taxes by tenant based on square footage?

Thanks]]></description>
      <category>Pre-Purchase questions about the manual</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?1,2039,2039#msg-2039</guid>
      <pubDate>Tue, 18 Nov 2008 19:41:48 -0500</pubDate>
    </item>
    <item>
      <title>[Pre-Purchase questions about the manual] CAM</title>
      <link>http://landlordaccounting.com/forum/read.php?1,194,2038#msg-2038</link>
      <author>revell</author>
      <description><![CDATA[Does you template setup, include setup for escrowed CAM accounts? These accounts are reconciled at year end, along with the taxes and insurance. Does the template contain the setup for escrowed taxes and insurance, as well?

Thanks]]></description>
      <category>Pre-Purchase questions about the manual</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?1,194,2038#msg-2038</guid>
      <pubDate>Tue, 18 Nov 2008 19:37:34 -0500</pubDate>
    </item>
    <item>
      <title>[Customer Testimonials] Which Quickbook do we purchase?</title>
      <link>http://landlordaccounting.com/forum/read.php?4,1821,2037#msg-2037</link>
      <author>Bibi Straw</author>
      <description><![CDATA[Hi Jonathan,

We just purchased your ebook kit and on your web page you say to use Quickbooks Pro 2003 - 2007, but your link brings us to Quickbooks Pro 2009.  Which program is the best.

Thanks for your help.  Bibi]]></description>
      <category>Customer Testimonials</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?4,1821,2037#msg-2037</guid>
      <pubDate>Tue, 18 Nov 2008 18:12:02 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: How to account for a Land Survey</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2034,2036#msg-2036</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Cameron,

Running this by your account you will learn if it is to be capitalized or expensed. If capitalized, 4.12    Record Capital Improvements and if expensed, check out section 4.11    Record Maintenance Expenses. 

Also, check out section:
2.12    What are Capital Improvements versus Repairs?

Hope this helps!]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2034,2036#msg-2036</guid>
      <pubDate>Mon, 17 Nov 2008 23:48:07 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Tax-Line Mapping</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2033,2035#msg-2035</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Mark,

Thanks for posting. First: a foreword of clarification. The tax line mappings need to be customized for everyone's own business. The data files you may have downloaded for me don't have tax lines assigned, since I can't know how each person's company is configured.

That said, great question. I like to have every account to get a tax line mapping. If you neglect some accounts, QB's won't be able to use that information when it helps you with preparing the year end tax information. 

Of course, run everything by your accountants, and especially I encourage you to have an accountant prepare all your taxes.]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2033,2035#msg-2035</guid>
      <pubDate>Mon, 17 Nov 2008 23:46:38 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] How to account for a Land Survey</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2034,2034#msg-2034</link>
      <author>Cameron</author>
      <description><![CDATA[How would you account for a land survey done on a property that is already owned?

Thanks!

-Cameron]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2034,2034#msg-2034</guid>
      <pubDate>Sun, 16 Nov 2008 18:00:17 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] Tax-Line Mapping</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2033,2033#msg-2033</link>
      <author>Mark Evans</author>
      <description><![CDATA[When I create a new account or sub account, there is a drop down box for tax-line mapping. Do I I use this in the sub account or in the parent account or both?]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2033,2033#msg-2033</guid>
      <pubDate>Sun, 16 Nov 2008 14:45:00 -0500</pubDate>
    </item>
    <item>
      <title>[Pre-Purchase questions about the manual] Re: &quot;Subject to&quot; Properties acquired in a trust</title>
      <link>http://landlordaccounting.com/forum/read.php?1,2029,2030#msg-2030</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Doug,

Great question. Unfortunately, I'm not an in a position to give any tax advice or suggestions. This is something that you'll need to work with your accountant on. Once you two figure out how to record it, the book will be helpful for entering monthly transactions and helping you manage it effectively within QB's. But I don't cover subject to deals, sorry!

Jonathan]]></description>
      <category>Pre-Purchase questions about the manual</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?1,2029,2030#msg-2030</guid>
      <pubDate>Sat, 08 Nov 2008 13:37:33 -0500</pubDate>
    </item>
    <item>
      <title>[Pre-Purchase questions about the manual] &quot;Subject to&quot; Properties acquired in a trust</title>
      <link>http://landlordaccounting.com/forum/read.php?1,2029,2029#msg-2029</link>
      <author>Doug</author>
      <description><![CDATA[A popular real estate investment method allows an investor to acquire properties &quot;subject to&quot; The existing bank loan. I recently acquired my first &quot;subject to&quot; property with $90,000 remaining on an existing loan after creating a land trust and having the grantor/beneficiary give me 100% beneficial interest in the property after paying them $60,000 for equity on a house valued at $190,000.  I then made about $20,000 in improvements by converting the carport into a garage, adding new windows, central air, and a 2nd bathroom.  (I also changed the insurance from the old owner, to the new Trust recorded in the court house, and have a POA from the previous owner.) The house is now rented for $1,300/mo.  Payment on the mortgage is $800/mo.

Now the tricky part.  Will your book cover how is these are handled for tax purposes?  This is not so cut and dry since the property still appears in the former owner's name at the bank.  Would your book describe if this is considered a home purchase?  Would the previous owner report this as a sale?  Does the book cover how I report the purchase price--$90,000, $150,000, or $170,000?   I'd probably fail a multiple choice test on this one.]]></description>
      <category>Pre-Purchase questions about the manual</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?1,2029,2029#msg-2029</guid>
      <pubDate>Sat, 08 Nov 2008 13:06:11 -0500</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: credit card accounts</title>
      <link>http://landlordaccounting.com/forum/read.php?3,626,2027#msg-2027</link>
      <author>Cameron</author>
      <description><![CDATA[I numbered 2400 as &quot;Credit Cards&quot; and had the individual cards as 2401 and forward. Im trying to stay within the book's recommendation of 2000-2999 for Liabilities.]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,626,2027#msg-2027</guid>
      <pubDate>Thu, 30 Oct 2008 23:35:03 -0400</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Invoicing rent</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2024,2026#msg-2026</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Jason,

If you want to invoice two tenants separately for the same unit, that sounds like a case for two invoices. As you said, invoices only apply to one job, so to invoice 2 subjobs (or tenants in our case) that's two invoices. This is more work, but it would reflect the multiple different tenants that owe you money. So you will also be able to tell that Suzy didn't pay her rent, but Sarah did -- even when they both are in the same unit. If you only invoice one of them, it is harder to track which paid the rent and which didn't.

That said, I encourage you to run the legal implications and accounting/tax scenario by your lawyer and accountant. They'll know best what is required and what you can get away with doing for convenience. Thanks!]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2024,2026#msg-2026</guid>
      <pubDate>Thu, 30 Oct 2008 23:10:31 -0400</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Escrow accnt/ split check.</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2009,2025#msg-2025</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Great to hear you got it to work Osvaldo. And thanks for sharing with the group how you got it to work.]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2009,2025#msg-2025</guid>
      <pubDate>Thu, 30 Oct 2008 23:06:09 -0400</pubDate>
    </item>
    <item>
      <title>[All other questions] Invoicing rent</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2024,2024#msg-2024</link>
      <author>JasonG</author>
      <description><![CDATA[I am using your files and ebook to set up Quickbooks for multi family (10+) unit buildings.  Most units are 2 bedrooms or larger and the tenants are unrelated.  Additonally, sometimes tenants move from unit to unit or split up and move into different units, so it seems that the best way to set up the files is to use the customer&gt;property; Job&gt;unit; Subjob1&gt;Tenant 1/Subjob2&gt;Tenant 2.  It seems as though I can reassign the tenant to a different job (unit), and hopefully this will keep a record of payments for the tenant, havent gottent that far.  

The question is regarding invoicing for rent.  When I invoice do I choose the primary job(unit), multiple tenants, or do I need to invoice each tenant individually?  I really don't want to invoice tenants seperately and I am scared of legal implications it may create.  If I need to choose multiple tenants, how do I do that from the invoice?

Any other advice for configuring based on our situation?

Thank you,
Jason]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2024,2024#msg-2024</guid>
      <pubDate>Thu, 30 Oct 2008 17:38:15 -0400</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Escrow accnt/ split check.</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2009,2023#msg-2023</link>
      <author>Osvaldo</author>
      <description><![CDATA[That is exactly what I was doing.  I did notice that this escrow account type &quot;other current asset&quot; field was uneditable.   I deleted that account and made a new Escrow account.  Now it works perfect.

Thanks,
Osvaldo]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2009,2023#msg-2023</guid>
      <pubDate>Wed, 29 Oct 2008 23:39:45 -0400</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Properties and accounts in personal name</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2020,2022#msg-2022</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Ruth,

I wish I could help you for this, but you're best interest is to talk to your accountant and/or attorney. Glad you already talked to the attorney, but I think your accountant will give the last word on what is right for you, and for your tax situation.

Thanks,
Jonathan]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2020,2022#msg-2022</guid>
      <pubDate>Sun, 26 Oct 2008 17:27:30 -0400</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Rental mgmt company</title>
      <link>http://landlordaccounting.com/forum/read.php?3,1999,2021#msg-2021</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Dave,

I'm going to to send you the special report for property managers. Please check for it in your email, and reply to me if you have any questions.]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,1999,2021#msg-2021</guid>
      <pubDate>Sun, 26 Oct 2008 17:24:28 -0400</pubDate>
    </item>
    <item>
      <title>[All other questions] Properties and accounts in personal name</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2020,2020#msg-2020</link>
      <author>Ruth Pistell</author>
      <description><![CDATA[We formed an LLC in September but purchased one property in March of 2008 and another in August both in our personal names with personal funds and credit.

309 Live Oak was purchased with a 29,000 line of credit and 10,000 of our own cash. We spent 22,000 on personal credit to re-hab it, then had it appraised at 75,000 and put a conventional mortgage on it in our personal name for 60,000 and paid off most of the debt on it.
This property is currently rented for 875.00 a month.   Our lawyer said he thought we should just put this in as a loan from members to the LLC for the 60,000.

1305 Wynd was paid with 50,000 of our cash.  The re-hab costs again have been paid with personal credit cards and our line of credit.   There is no mortgage on that one.
This property is going up for rent in a couple weeks.

Should I enter all the re-hab expenses in QB as if they were in the LLC name the whole year (assuming we transfer ownship of property now) or do I just enter them fresh with the appraised value and the loan against?]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2020,2020#msg-2020</guid>
      <pubDate>Sun, 26 Oct 2008 13:38:53 -0400</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Rental mgmt company</title>
      <link>http://landlordaccounting.com/forum/read.php?3,1999,2018#msg-2018</link>
      <author>Dave</author>
      <description><![CDATA[I bought this program to set up my rental mgmt company. Now I see that there is only a small section on this. How do I set up the Management part different? Is it possible to set up a company for each owner?  I see from others posts that I am not able to do 1099&quot;s for the owners. Can I set up owners as vendors against certain parcels of property and when I pay them I am able to track income to them and 1099 them? Is this possible?  I know that I have alot of questions, but I need this to work for me on some level.

Thanks

Dave]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,1999,2018#msg-2018</guid>
      <pubDate>Fri, 24 Oct 2008 23:02:21 -0400</pubDate>
    </item>
    <item>
      <title>[All other questions] Re: Escrow accnt/ split check.</title>
      <link>http://landlordaccounting.com/forum/read.php?3,2009,2016#msg-2016</link>
      <author>Jonathan (Landlord Accounting)</author>
      <description><![CDATA[Hi Osvaldo,

I attached this image of one way it might work:

[attachment 53 escrow_check_example_quickbooks_landlording.png]

If you use the other current asset account for the escrow, make sure you clear this out when the bank actually pays the money held in escrow. Or check with your accountant if you should use a different timing for recognizing the expenses, versus prepaying them into an asset account, for paying expenses in the future.

I'm not sure how you're getting an error related to undeposited funds!]]></description>
      <category>All other questions</category>
      <guid isPermaLink="true">http://landlordaccounting.com/forum/read.php?3,2009,2016#msg-2016</guid>
      <pubDate>Fri, 24 Oct 2008 00:54:29 -0400</pubDate>
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