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Shane H.
  • Investor
  • Wichita, KS
279
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769
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Accounting Software Guru - Anyone use Buildium accounting feature

Shane H.
  • Investor
  • Wichita, KS
Posted Mar 8 2018, 08:43

I've been a customer of Buildium since 2010 and am hoping I'm finally entered a growth curve this year as far as property acquisitions go.  I'll have 6 here in a couple weeks and hoping to add quite a few more.

Question is that I've always used Buildium for accounting purposes however have finally found an accountant I will use for tax returns etc.  He is giving me resistance to sticking with Buildium and wants to get me switched over to Quickbooks - we use Quickbooks for our senior living business and I am not a fan of it.  Doesnt help I've always hated Intuit (the parent company)

I personally like Buidiums features and it makes it easier to figure out what expenses are tied to what property and I've got 7 years of history in there as well.

Just takes me a click of a button when all books are updated to get income statements done, profit/loss, look at the ledger (in a much more readable format than QB in my experience) look at an individual properties performance etc.

Has anyone on BP actually used Buildium's full blown accounting features, tracking mortgages, depreciation etc?   Last time I called into Buildium support with an accounting question 3-4 years ago the rep commented that customers rarely use their software to do the accounting (at least in their experience and she was surprised I had figured it out or something like that)  Just self taught myself though some journal entries for last year with sales, 1031 exchanges, etc are screwing me up - so I need the accountants help to enter them.

If you've never used Buildium's accounting features or any other PM software accounting features please do not respond.  I know there is lots of love for QB out there but I do not need a QB homer chiming in unless you've used Buildium, Yardi, Appfolio etc Accounting feature (not sure if yardi, Appfolio etc have it, just guessing)

Thanks!

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