Best way to set up a rental property accountI have a rental property which I manage. Rents received are deposited into my checking account, maintenance costs are paid for from my checking account.If I set up a separate account for the rental property and record the activity only in this account, my checking account record is incorrect. If I record all activity only under the checking account, I have to run reports to segregate the rental property activity if I want to see its net worth. If I set up both accounts and record the activity in both, the total net worth is incorrect because the activity is accounted for twice, both income and expenses.
Is there a way in Quicken 2006 to create an account as a subset of another account, so that I can easily maintain the activity of the rental property separate from my other income and expenses, but so that all income and expenses are properly reflected in my checking account, which needs to be accurate to have any meaning to me?