I have a client who has a number of properties that he rents out. These are handled by a Letting Agency to whom commission is paid. He is wanting as much detail as possible with respect to the rent form each property. I am getting in a spin about how best to record this in Sage. Should I just have 1 Rent Account in 4000 and distinguiish each property by a reference number so all rent received goes in to 4000. Agency Commission comes out of Direct expenses.
Should each person renting be set up as a Customer or just the Letting Agnecy
Many thanks for any guideance