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Updated over 4 years ago,
Business Planing & Accounting Realtor/Investor
Greetings Fellow Investors,
I'll make this quick. I'm a Realtor in the South Carolina area who will be buying my first house hack this month. I know that in any business knowing and tracking your numbers is vital to success. I'm curious if I should manage my investments for my sales business and my investing business together or separate them? What would be the pros and cons of each approach? I am currently using Quick Books Online Accounting software for my sales business so if I sent them up separately I would need to pay a separate subscription fee for the software. What other accounting software options should I consider?
(note all business entities are currently sole proprietorship)
Thanks for all your help.