All Forum Posts by: Kathy Kissick

Hey @Reid Sealby. QBO is an amazing bookkeeping tool for your STR. I am a CPA and use QBO online for my STR portfolio. It a very robust cloud based software that allows you to create separate revenue stream tracking for each of your locations. It also includes a highly functional mobile app which allows to access your data on the go but also snap and upload your receipts directly into the software. If you're looking for any advice on setting up your QBO (if you decide to go that route) don't hesitate to reach out, I'd be happy to help.

Excellent suggestion!  Does Wave provide a class tracking system for each revenue stream or property location?

I don’t think you’ll find a free program that will be any better.  I use QuickBooks Online which works great, if you’re a bit accounting savvy.  If you own more than one property,  utilizing the Plus version of the program allows you to create classes for each property location, allocating revenue and expenses for each, which then allows you to create profit and loss reports for each location. 

My husband and I own 2 Short Term Rentals in Canada, I am accountant (CPA). I have set-up and manage the accounting needs for our rentals.  Is there is a market to offer accounting software set-up, automation and monthly booking keeping/accounting services to other property owners? How many of you outsource or would outsource this part of the business in order to free up more of your valuable time to grow your business?