Bookkeeping Assistance Needed

[Brian Smith]

Hello Everyone,

As a new landlord I've been attempting to track income and expense with a generic excel spreadsheet. However, I feel as if it is terribly un organized. When it comes to logging receipts I currently scan and save them in a desktop folder for future reference. This process seems messy in terms of sorting the receipts by property and retail store.  I manage 6 long terms units and occasional fix & flips. As I grow this portfolio I know this booking keeping method isn't sustainable. 

Does anyone have tips or resources for making bookkeeping as efficient as possible?

Thank you in advance!

[Chris Seveney]

Quote from @Brian Smith:

Quote from @Chris Seveney:

Quote from @Brian Smith:

Hello Everyone,

As a new landlord I've been attempting to track income and expense with a generic excel spreadsheet. However, I feel as if it is terribly un organized. When it comes to logging receipts I currently scan and save them in a desktop folder for future reference. This process seems messy in terms of sorting the receipts by property and retail store.  I manage 6 long terms units and occasional fix & flips. As I grow this portfolio I know this booking keeping method isn't sustainable. 

Does anyone have tips or resources for making bookkeeping as efficient as possible?

Thank you in advance!

 Get software for book keeping and do not use excel. That would be option #1, option #2 is hire a bookkeeper.

 Thank you for the reply. Any recommendations for software? 

whichever one your CPA/tax advisor recommends. That way its easy to share files