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Updated about 8 years ago on . Most recent reply

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63
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John Upperman
  • Investor
  • Clayton , NC
86
Votes |
63
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Best Tool For Tracking Flip Expenses

John Upperman
  • Investor
  • Clayton , NC
Posted

Any advice on the best way to track expenses?  I started a free trial of Quick Books, but it it is completely intuitive (or I'm just slow).  

Maybe I am over complicating the process and just need to have a running spreadsheet, but would like to know if anyone has found a financial software package that does a good job of tracking purchase vs. rehab vs. selling expenses.

Most Popular Reply

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588
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224
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Shawn Thom
  • Investor
  • McKinney, TX
224
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588
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Shawn Thom
  • Investor
  • McKinney, TX
Replied

If you plan on using a CPA I'd get with them and see what kind of process you can come up that works for both of you.  More than likely they will suggest quick books.  If you are planning on scaling out you really will need it.  I fought it for a while and wish I would have done it sooner.  I do the online version so my book keeper can get to it easily.  I also like that I can attach receipts to the record so I don't have to keep up with paper receipts.

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