How to assign/tag rent paid into a separate bank account, and related expenses?

[QFMathew]

Apologies - I thought you were looking to tag rent as an expense (e.g. a purchase invoice).

If you’re looking to basically see a breakdown of income vs expenses for individual properties (assuming you’re not an agent), then you may want to take a look at project tags, and have one for each property. This would also allow you to create a P&L report for each tag.

Projects in QuickFile

Introduction Projects offer a simple way to group together your sales, expenses, estimates and purchase orders into a single container. This makes it easier to report on a specific activity within your business for example a project you’re working on for a client or perhaps a new division in your sales team. We’ve designed the project system to be as flexible as possible by relying on what we call project tags. Essentially you can apply tags to any of your sales invoices and purchase invoices …

Your bank statement on QuickFile should ideally reflect your true bank statement where possible, so any income or outgoings should be tagged to the relevant invoices from there.

I hope this helps?