Author Topic: What do you use for Landlord Accounting?  (Read 1358 times)

Gretamom

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What do you use for Landlord Accounting?
« on: May 04, 2016, 10:35:41 PM »
My husband and I own two 4-plexes (a total of 8 units). We close on another 8 units on Monday. So starting Monday we will have 16 total units. We are trying to figure out the most efficient way of doing the accounting & keeping track of expenses, etc. I'm just wondering if anyone has any recommendations. I'm looking for something simple & where I can do everything all in one place. Any suggestions? 

jwright

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Re: What do you use for Landlord Accounting?
« Reply #1 on: May 05, 2016, 09:14:34 AM »
Quickbooks is a very easy accounting program.  I recommend it over Quicken because the reports are superior.  You can download information directly from you bank, use it to print checks, and compile financial statements.

CashFlowDiaries

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Re: What do you use for Landlord Accounting?
« Reply #2 on: May 06, 2016, 08:26:58 AM »
If you want to be cheap and do it on an old fashioned excel spreadsheet like I do, you can download the one I use here for free:

http://www.cashflowdiaries.com/how-to-track-your-monthly-rental-expenses/

Its the best spreadsheet out there in my opinion.

Blindsquirrel

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Re: What do you use for Landlord Accounting?
« Reply #3 on: May 07, 2016, 06:20:10 AM »
   A second vote for Quickbooks pro, very good program.

Papa bear

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Re: What do you use for Landlord Accounting?
« Reply #4 on: May 07, 2016, 08:02:44 AM »
I'm still using my own excel spreadsheets.  I've got two friends in the 50+ unit area that use quickbooks and are happy. 

I may try out rentalutions at some point if I get a few more units.


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tonysemail

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Re: What do you use for Landlord Accounting?
« Reply #5 on: May 13, 2016, 09:09:23 AM »
I use waveapps. com

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