Best Real Estate Accounting/Bookkeeping tool for investors?

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Best Real Estate Accounting/Bookkeeping tool for investors?

Lena Wang
Investor · San Mateo, CA · Member since 2016 · 55 posts · 12 votes

Hi, I am wondering if anyone can recommend or share what they use for book keeping for an investor? Functions needed: 

1. invoicing

2. Book keeping: keeping track of expenses/revenue

I hear Quickbooks is widely used. But want to hear if there are any others I should look into? 

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Logan AllecBusiness Member
Accountant · Los Angeles, CA · Member since 2014 · 1k+ posts · 980 votes
8y
I use QuickBooks Online personally for myself and my bookkeeping clients. However some clients who had been using Xero love it, and I'm slowly coming around as I continue to keep their books in Xero. I've also heard of Freshbooks but I don't know too much about it. Important thing is to just set one up, keep with it, and only pay your business expenses out of business accounts.
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  • Logan AllecBusiness Member
    Accountant · Los Angeles, CA · Member since 2014 · 1k+ posts · 980 votes
    8y
    I use QuickBooks Online personally for myself and my bookkeeping clients. However some clients who had been using Xero love it, and I'm slowly coming around as I continue to keep their books in Xero. I've also heard of Freshbooks but I don't know too much about it. Important thing is to just set one up, keep with it, and only pay your business expenses out of business accounts.
    Clarita CPA Group516 Reviews
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  • David Fernandez
    Real Estate Agent · Vienna, VA · Member since 2016 · 289 posts · 253 votes
    8y

    I also use QuickBooks. We used in other businesses and we are familiar with it, so it was the easy choice for us as we didn’t have to learn a new software. It does everything you say you need and more. 

    Also, if you use a CPA, ask him what software they use. Not only he/she can give you a great advice, but also at some point you will have to send him/her info. If you both use the same system it will make it a little easier. 

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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    8y

    Quickbooks has a large market share of the accounting/bookkeeping software market.

    Quickbooks can do all the features you are looking to do.

    [email protected]917-280-8544
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