Setting Up & Using Quickbooks Online for Rental Property
Hi Bigger Pockets,
I purchased a condo in the bay area this year living as an owner-occupant with housemates. While it's not a big fixer-upper, I am renovating - three steps in with BRR!
I need help with Quickbooks accounting for the rental property. The entry-level Quickbooks Online software itself is expensive $250/yr... that's not even adding up potential books/courses, CPA fees or personal tax filing software like Turbo Tax. Outrageous!
I am diligently saving/scanning/uploading receipts & importing transactions from a rental-specific-checking linked bank account.
I've found two websites that are supposed to help with Quickbooks for rental properties:
[OLD] https://landlordaccounting.com... only... $99)
[REALLY NEW] https://www.incomedigs.com/&nb... online, seems good but so new... also $600 for the bootcamp)
These fees above include books/video courses & chart of accounts download but do not include any personal help with setting things up, in-person instruction, or ongoing maintenance.
Does anybody have any recommendations for setting up Quickbooks Online the right (and affordable) way? Any recommendations on CPAs?
I'm not against spending $500 to do this right the first time but that just seems expensive for self-taught approach.
Thanks,
Ryan