Best Real Estate Accounting/Bookkeeping tool for investors?

3 Replies

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? 

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.

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. 

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

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

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