Moving Money Between Properties
When you have an owner that has multiple properties and you want to use funds from one property to cover expenses in another, you will need to show a transfer of that money on the books. To do so, you can use the Transfers task.
Go to Accounting and under Tasks, select Transfers.
Enter the posting date and select the owner whose portfolio you want to move money within.
Enter a detailed description and the desired amount.
Under Transfer From, select the property and the account you are looking to pull money from.
Under Transfer To, select the property and the account you are looking to deposit the money into.
Enter any notes and/or attach files that may be a helpful reference for the transaction in the future.
Click Post.
The appropriate journal entries for moving money will now be recorded for these properties.