Hi starting a real estate investing company and looking for the best accounting software to manage financials from expenses; collecting rents; buying and selling, etc.
There are several different options. Quickbooks is the one that everyone knows and uses the most. It can be pricy but well worth the money if you can afford it. It also comes with different level subscriptions that you can continue to up grade as you need more features. There are also some free options and obviously don't have many bells and whistles and will make it more challenging to switch to a paid accounting software. I am happy to answer any specific questions may have.
@Cheree Harris my advice; do a quick search in this forum. This topic has been beaten to death. Everyone has there own opinion on what is the best accounting software. My favorite software is too pricy for 99% of the BPers here. Majority of the people here seems to be good with Quickbooks, Buildium, Appfolio, and plenty of other software.
@Todd Lennig thank you so much. I will look into it.
I was just recommended stessa and it’s free access from app or website with same interface. Super simple has everything you need.
@Simon W. Will do! Thank you!
@Zach Gring thank you! I’ll check it out!
Quickbooks online is a great tool. It allows you to easily scale your business without having to switch bookkeeping/accounting softwares. I do bookkeeping for real estate investors, and we exclusively use Quickbooks Online for every Client. They love it.
I just switched to using Stessa myself. It’s free, has a web and iOS App interfaces, but besides that I like it’s simple yet detailed interface. It interfaces with my bank with no issues and loads all the transactions. Report generation is detailed as well. For now the “big brand” services mentioned by others are too much and too $$$ for me, until I grow my portfolio significantly.
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