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Updated over 2 years ago on . Most recent reply

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Gi'angelo Bautista
  • Flipper/Rehabber
  • San Francisco, CA
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Best Trust Accounting Software

Gi'angelo Bautista
  • Flipper/Rehabber
  • San Francisco, CA
Posted

Hi all, I was wondering what Trust Accounting software that you are using? This only applies to short term rental property managers. 

Don't say quick books as CPA's say it doesn't do well with Trust accounting.

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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
Replied

Hehe, well I didn't know you had so many to worry about. That is a different story.

So do you have a CPA managing the trust or does an attorney do it?

That makes a difference in the software as the packages are geared towards different users.

CLIO is considered the defacto standard for lawyers managing trusts. I am not sure that is something that would work for you as it is designed for law offices.

Centerbase is another product that is geared towards law offices. Pretty well regarded.

Rocketmatter is one that is interesting as it's compatible with Quickbooks online.

I hope this is helpful. This kind of software is outside my scope of expertise with technology. 

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