Best bookkeeping software?

[Geoffrey S.]

I've got 7 doors that I self-manage and i'm set to add some more in the coming year.  I've been bookkeeping with a google drive spreadsheet.  A new tax year is upon me and I'm thinking of buying quickbooks, as it would help me file my taxes and would look better to a lender than the expense sheet of my own creation.

Thoughts?  Are there other software products out there?  I like quickbooks because it doesn't require you to pay a monthly subscription and it's got a good reputation.  

[Anthony R.]

@Geoffrey S. I really hated quick books. Even their “new” online version seemed antiquated to me. I opted to pay more and outsource my bookkeeping to bench.co. Happy to share a referral link where we’ll both get a free month if you’re interested.

[Robert Biggerstaff]

You answered your own question QuickBooks

[Cathie Kovacs]

Quickbooks is the way to go. Each property should have its own Class. 

[Geoffrey S.]

Purchased quick books. Experiencing the learning curve as we speak 🤮

[Basit Siddiqi]

@Geoffrey S.

There is a learning curve if you are unfamiliar with accounting or never used the software before.

I would suggest watching the tutorial on how to use the software. There are also some good videos on youtube on how to use it properly.

[Matt Faix]

We use Quickbooks Online and took a class with our CPA to learn the basics - Well worth it! 

[Geoffrey S.]

yeah, i have been spending time on YouTube doing that.  It’s just  that I have no accounting experience and I created my own spreadsheets when I started this (I created and know my own system, not this one). It’s taken a day so far of starts and stops to input last year’s numbers and I thought it would take less time. 

[Morgan Porter]

Quickbooks is definitely the way to go. If you really want to save a few bucks, you can also use Mint.com but it doesn't have all the features of Quickbooks. You'd need to create custom Tags to make it work, which isn't hard, but its a bit more time consuming.

[Account Closed]

QuickBooks. I recommend the desktop version. But if you want the online version, buy the PLUS subscription (most expensive) in order to use class tracking and to get advanced reports.

[Anthony R.]

@Geoffrey S. I really hated quick books. Even their “new” online version seemed antiquated to me. I opted to pay more and outsource my bookkeeping to bench.co. Happy to share a referral link where we’ll both get a free month if you’re interested.

[Geoffrey S.]

 With only seven doors so far, and all my stuff more or less input after two days, I think I will stick with QuickBooks for now, as I got the desktop version and won’t have to pay anymore. Thank you for the offer, though.

[Trevor Pare]

Quickbooks is great if you're looking for a tool to manage your own books. However, if you're looking for a fully managed solution I would recommend bench.co

We actually use both. We use Quickbooks to manage some of our internal tasks like expense tracking, invoicing, etc. but Use bench to manage all of the more tedious tasks like bank recs. and tax prep.

[Curt Riffel]

The most popular ones I hear of in the space are QBO - Quick Books Online and Xero.

[Geoffrey S.]

quick books online isn’t worth the subscription fee. 

Buy it outright. The online version becomes more expensive within a year 

[Dan V.]

Since you already decided to go with Quickbooks (good choice by the way!). If your accountant offers QB training or consultation, I would recommend sitting with him for an hour or two to go over your set up and procedures, this is also important. You can also search online for tips/tricks on how to automate certain tasks and utilize the full features offered by QB. Or if you have any specific questions, feel free to ask here in BP. 

[Sophie Paul]

Hi @Anthony R. or anyone else,

Can you please give me a referral link for Bench.IO?
We need their help with back taxes. Thank you!