tracking expenses that are common across multiple rentals

[David3400]

I use Quicken to track everything.  Tags are a great way to track rental expenses for each property, like income and direct expenses like taxes and repairs to a property.

What is everyone doing to track expenses that are common across ALL the rentals, like office expenses, say new tires for a trailer I use, repairing tools that I use on all properties, and the like.

I was thinking I would just create another tag for those common expenses, but not sure what kind of detail I might need to get that info to my accountant.  Right now, I just apply those to a given rental, even if it is something that applies to all of them

Suggestions appreciated and thanks

[Ilir13]

Hello @David3400 ,

Happy new year, and I hope you are doing fine.

I have a new Google Sheet for each year, and that sheet is divided into these sheets.

1. Overview - Overview of Operating Expenses and each apartment.
2. Operating Expense - Every expense that has nothing to do with any of the apartments.
3. AP1 - I have four apartments, and I have a separate sheet for each.
4. AP2
5. AP3
6. AP4

I keep these sheets for my self then my bookkeeper does the rest with tags; we use QuickBooks.

Thanks

Best,
Ilir