Accounting Software for Investors
Patriot, Quickbooks, Freshbooks, Xero? What do you use and why?!
Thank you!
#1 All Forums Contributor
- Investor
- Virginia
@Marissa A Morford
QuickBooks. It’s widely used by most bookkeepers and CPA’s. It’s what they want to use which is important to me and doesn’t matter what I want to use since I don’t use it they do.
For my investment properties, I use a software that's free called " Stessa" Check it out and you wont be disappointed. My CPA loves that it complies everything they need for tax season and you can categorize everything on there to track everything. Truly an amazing free software that many aren't aware exist.
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
Feel free to click on the magnifying glass in upper right and search this topic. Is literally asked monthly if not weekly. If you’re an accounting wiz you can use Quickbook’s. If you have less than 20 properties and just want accurate reports for bookkeeping and taxes, quicken is overkill at 1/5th the price.
Quote from @Bill Brandt:Thank you! Just learning the platform.
Feel free to click on the magnifying glass in upper right and search this topic. Is literally asked monthly if not weekly. If you’re an accounting wiz you can use Quickbook’s. If you have less than 20 properties and just want accurate reports for bookkeeping and taxes, quicken is overkill at 1/5th the price.
Quote from @Marissa A Morford:
Patriot, Quickbooks, Freshbooks, Xero? What do you use and why?!
Thank you!
My bookkeepers use Quickbooks for accounting (this is standard for about 90% of CPAs/Bookkeepers I see and know). Patriot Software is for all my payroll, never looked into this for accounting(might be a different platform named the same thing). I would say Quickbooks for sure on your accounting and it to be very simple to get it to your CPA.
Landlord Studio is a good up and coming software for rental owners. If you are a flipper, wholesaler, or realtor, look into Quickbooks Online.
