How do I manage accounting in Quicken starting Airbnb.

Lynne31
Level 2
Crestline, CA

How do I manage accounting in Quicken starting Airbnb.

I'm starting my Airbnb and am trying to figure out how to manage the accounting process using my quicken software. Does anyone have a way that they have set their Airbnb up and the categories and invoicing practices for Quicken to match up with Airbnb payouts? 

I feel clueless. 

Thanks, in advance, for taking the time to answer.

Lynne

2 Replies 2
Beatrice98
Level 1
San Diego, CA

I am interested in this also 🙂

Walter-And-Miguel0
Level 1
Desert Hot Springs, CA

This is an older conversation, but I am researching best options too.  I spent all of 2017 tracking a dedicated AirBnB rental property using what I thought were the best categories as defaulted in Quicken.  However, I have come to find out that I may not have set up the best categories in Quicken to allocate expenses.

 

Recommendations to read carefully:

 

https://assets.airbnb.com/eyguidance/us.pdf

 

This is a great guide for the subject.  Also, I recommend looking at IRS Schedule E and rules.