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Grant Pope
  • Mankato, MN
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45
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Project Tracking & Accounting Software

Grant Pope
  • Mankato, MN
Posted Dec 15 2023, 11:58

I have been investing in real estate for the past 7 years. I hire a property management company to take care of all the management side of our properties. 

We recently started our own construction company that does mostly our work on our properties but also subs out here and there. 

We use quickbooks online to track our time, payroll, and income and expense tracking. 

However - I feel like it misses the boat for what we are trying to do. We want to be able to create an estimate for a project and then track everything back against that estimate (Labor and Materials) to see how we are performing on each project. Though QB does an okay job of this it just lacks some of the finer details of this we are looking for. When you try to look at a project at an overview it only shows you totals and doesnt give you the granular information we would love to see. Would love to be able to see how each category is performing in real time. The other thing it doesnt allow you to do is go over on your estimates. Once you go over it forces you to add or update your columns. Which is fine - but we want to know what columns we went over budget on to try and stop from doing it again.

I dont love the idea of having a separate software's - one that tracks finances and one that tracks the cost. Its fine - but when we enter in expenses into financials we have to also come back and put them in the project managements tool. Fine if you are doing one or two but when you have 10 going its hard to keep up. Also dont like the overhead of paying for two softwares with all the extra work.

Any one else out there that has this same problem? How are you solving it?

Thanks in advance.

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