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You can use REI Hub to track your personal finances and other (non real estate) businesses in addition to your rental properties if desired! However, please be aware that the system was built and optimized for rentals, so we won't have as much unique value to offer when keeping the books for personal finances or other types of businesses.
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There are two big configuration changes you will likely want to help make tracking your other business easier. First, we need a location to book transactions. You can add a fake property to represent your personal finances or other business, or you can use a sub-portfolio.
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​Sub-portfolios are an optional additional layer of reporting designed for groups of properties, but they can also be used for tracking separate endeavors in the same portfolio. An additional property or a sub-portfolio will allow you to book transactions and pull reports on your other business or personal finances. If you go the sub-portfolio route, you simply won't assign a property to the sub-portfolio.
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Second, you will likely want to expand your chart of accounts. The default expense accounts match the IRS Schedule E form for reporting rental income and expenses. You may want additional expenses and relevant revenue accounts for your other business or personal finances. For example, you probably want a new revenue account since 'Rent' won't make sense for a non-real estate business.
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To update your chart of accounts, click on the three horizontal lines next to your name in the upper right corner to bring up the right-side menu. Select the chart of accounts page, then click +Add Account in the upper right corner.
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These configuration changes and linking your personal or other business' bank account should put you in a good position to track it alongside your rentals!
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