Use for storage unit rental

[Roger Rand]

I just purchased Complete Accounting 2005 and want to use it for storage unit rental. I have rental management software and just want to use this for developing accurate financials. I do not need to track each transaction on this software, I only need to enter total rental income each month and let the accounting software produce the reports. Any suggestions? (This is my first accounting software of any kind)

[Lisa_p]

I would encourage you to enter at least enough detail so that you can reconcile your bank account every month. This probably means a daily deposit of checks and cash, a deposit for the Visa/MC, Discover and AMEX that you run for the day (or whatever cards you take).

This can simply be run through receipts, or as a journal entry debiting cash for each deposit and crediting your income account.

Record all your expenses in Peactree as well and you should be good to go.

You might consider hiring a consultant for a couple hours to get you on the right track if you have no experience with accounting software.