Quickbooks Software Question

10 Replies


We are looking for the correct type of QuickBooks software to use as the website has several different version. Is anyone using QuickBooks to manage their properties and if so which level of software do you use?



@Martin Robertson

I would use the "plus" version. You actually can use the "class" feature to assign expenses to each property- that way you won't need to get a new subscription for each property.

That is- as long as they are all going to the same return.

Thank you very much for the replies. We took your advice and purchased the online version of the Plus software!

@Gita Faust One subscription for each EIN adds up really fast if you put each property in an LLC. Do you still need a different subscription for disregarded entities?

I have a C-corp with several disregarded LLCs for flipping.  My CPA recommended QuickBooks Pro and had me set up each entity as a separate file.  You can use class tracking for each property.

@Jim Robertson

You shouldn't need a different subscription for disregarded entities (single member LLCs). The purpose of having different subscriptions is for better segregation come tax time. If you have many properties under 1 LLC, or multiple LLCs where you are the sole owner (disregarded entities), there shouldn't be a need to have multiple subscriptions.

If you get the desktop version, you can set up each LLC as a separate QB file and not pay for added subscriptions.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.