My letting agent is sending me a statement each month. It shows the rent collected minus agent fee = money transferred to my bank account. In Xero, I would create a sales invoice and a transaction for the expense/deduction (fee). How do I handle this in QuickFile?
Hello @stogra
Here is a similar thread from the forum which may help.
Thanks @QFSteve! I can’t find ‘6050 Property management’ listed as one of the categories (after clicking the cog) when adding an invoice with a ‘negative amount’ as suggested by JamesWhitelegg in the thread you referenced.
Hello @stogra
If it is not enabled
- Go into Reports > Chart of accounts
- Click Options > Settings next to 6050
- Check the box shown in the example image below
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