Hi,

Our company has built a rental property. The property will have one unit as a rental and the lower unit will be used for staff traveling at no expense to them. My question is how do I set up the accounts to keep track of the expenses for both the rental and the staff unit. 

I have the ability to use projects to keep them separate, but do I also need to set up accounts, hydro, telephone etc. or can I use the existing ones and just allocate to the the individual house projects. 

I assume I will need to set up a assets account for purchases we make for the house, furniture, blinds etc. ? What would the entry look like in sage for the initial house purchase?

Any advise would be appreciated!