when i do try to create a monthly rent check i've gotten, i choose the option to deposit it into my bank in which it does deposit so my bank total goes up but then, also, in my chart of accounts, the accounts receivable amount goes up in negative balance. and without being able to make an invoice, i can't put in their payments of monthly rent that i have received to wash out the amount due. im not really sure what this open balance means im unsure of how to make every tenants invoices not to jump into the negatives. i am almost positive it is because i set up my properties as customers and my tenants as jobs and all my tenants have an open balance of 0.00. My issue is that i'm trying to make a recurring invoice for all the tenants that owe me monthly rent but every time i try to create an invoice and charge their monthly rent, the balance comes out as negative and i'm unable to save the invoice with a negative balance. i just recently downloaded the 2020 version of quickbooks for mac and am having some trouble with what im trying to do and though i've contacted quickbooks support many times, i haven't been able to get a clear solution. This will keep you and your business safe in the case of a mishap.I've had quickbooks 2015 for a while to use as something to keep track of my payments and such to hand out to my accountant. Another element of paperwork you need to consider is to have the appropriate insurance for all of your rentals. Make sure that you have clearly printed invoices for your customers that delineate all of the rental information. Dealing with the fine print is not necessarily fun, but an important part of running your small business. Make sure you stay on top of the necessary paperwork and accounting.These symbiotic relationships, like a lawn maintenance service advertising for your lawn care rentals, can help both of your companies acquire and maintain new customers. Also, consider pairing up with other businesses in the area to help each other advertise. Make sure you have a top of the line website that is user-friendly and will help customers get the answers and equipment they need without any hassles. Take the time to promote your business.Clean, well-running rentals will ensure repeat business. No one wants to rent a power tool that is sluggish or dirty. One tip you do need to keep in mind, however, is to keep your equipment clean and well maintained. ![]() You should also consider buying used equipment, as long as it is in good shape, which would lower your price point. Make sure you will be able to recoup the money on your investment. Will customers really pay more to spend four hours with the top brand? Probably not.
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