Updated about 4 years ago on . Most recent reply
Accounting software for starting out
What suggestions do you have for good accounting software starting out for keeping the books on investment properties? I would only have one small investment property (6-10 units) for now. I love a good spreadsheet and can nerd out on excel but I want something that can streamline the process a bit so I’m not spending all my time setting up the spreadsheet. I like the specs of Buildium, especially since it provides an easy way for tenants to pay rent with minimal fees but that type of software seems like it might be overkill for just one property.
Any advice is much appreciated!
Most Popular Reply
We started with Excel then moved to quickbooks. The other online solutions were not available at that time but our CPA gave us a chart of accounts to use in quickbooks and that streamlined the process between us and them. No matter what solution you use you want to see what your accountant (if you use one) needs from you and make sure the solution can give them that.