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General Landlording & Rental Properties

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Steven Clark
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42
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Owner Occupied Book Keeping

Steven Clark
Posted Feb 14 2020, 11:27

This is my first year doing taxes as an owner occupied 3 family house. This past year I had two folders one that I put all receipts that where costs to my unit and the other was for my 2 tenants. As I am getting organized to meet with my CPA at end of the month, I have realized I could have done this more efficiently. I have started an excel sheet but then started wonder would it be worth it to invest into QuickBooks? I do plan on expanding my portfolio however I think it’s going to be 2-3years before I recoup the costs of this house/renovations that it needs before I will have enough money for another down payment. If I did go with QuickBooks recommendations on desktop version vs online? Any and all advise would be greatly appreciated!

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