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Updated over 5 years ago on . Most recent reply

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46
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Jonathan Wildy
  • Investor
  • Atchison, KS
6
Votes |
46
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HELP! Kansas Series LLC _Spreadsheets_Book keeping_Accounting_Tax

Jonathan Wildy
  • Investor
  • Atchison, KS
Posted

Am I really supposed to buy 16 versions of fresh books or quicken to get some system for taking care of my rentals? I feel like I'm reinventing the wheel with spreadsheets and having to have 16 files for each different llc and bank account. It is just starting to add up. I have 8 SFR's, laundromat, commercial, close on a 4 Plex this week, and looking at a few more places in the coming weeks. I need something better. Does anyone have a spreadsheet system they would share? Is there a program that will help manage like cozy but allow all the different bank accounts, EINs, Business names. The last thing I want is horrific accounting and tax issues because this process isn't working but then even cozy requires multiple steps of log-ins and passwords if I do the process through them. PLEASE HELP!

Most Popular Reply

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5,144
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5,191
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Scott Mac
  • Austin, TX
5,191
Votes |
5,144
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Scott Mac
  • Austin, TX
Replied

Hi Jonathan,

Beware of commingling anything unless both your attorney and your CPA says it's ok.

Good Luck!

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