How to set up individual properties in wave
mikemalik
Member Posts: 3
I own several properties, how to enter individual properties in wave so that I can track expanse and income.
in Using Wave
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mikemalik
Member Posts: 3
I own several properties, how to enter individual properties in wave so that I can track expanse and income.
Comments
mikemalik,
You can either set up a separate business for each property or if they operate out of one account then you would set up an income and expense account for each property under one business. For example Rent Income- Property A, Rent - Income Property B etc. You will only be able to run an income statement for all properties combined if you set up under one business profile. You can however, export the income statement to a csv file and manipulate the data from there to get an income statement by property.
Mike G, CPA
www.mgfinancial.net