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Updated 3 months ago on . Most recent reply

User Stats

4
Posts
8
Votes
Shawn Sopic
8
Votes |
4
Posts

Bookkeeping for LLC

Shawn Sopic
Posted

I'm a new real estate investor and was wondering what software is best for bookkeeping? My wife and I started an LLC and are in the process of buying our first single family property in rural central Pennsylvania. I want a program that is user friendly and good for organizing documents and generating reports needed for tax purposes.

Any input on this topic is greatly appreciated!

Most Popular Reply

User Stats

54
Posts
35
Votes
Ragan Manning
  • Accountant
  • Houston, TX
35
Votes |
54
Posts
Ragan Manning
  • Accountant
  • Houston, TX
Replied

@Shawn Sopic If you only have 1 property, excel should be fine! QBO, if you want to pay for it, is a little advanced. You really don't need to have it unless you have 5 or more properties unless you want a professional to handle it. If you want a professional (accountant/bookkeeper) then excel should be fine. 

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