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Updated almost 4 years ago on . Most recent reply
Accounting Software for Rental Taxes!
What software you guys use to track and ready for taxes purposes? 2 Rental self manage both in an LLC.
Thanks in advance!
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#4 General Real Estate Investing Contributor
- Rental Property Investor
- SE Michigan
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#4 General Real Estate Investing Contributor
- Rental Property Investor
- SE Michigan
For our SF rentals we had historically used Quickbooks. The desktop version was perfect for what we needed.
Over time Quickbooks has added more features (e.g. payroll management functions, electronic payments) that I never use. Now they are pushing hard on a subscription model and the cost for basic users has gone up. You can no longer even use the desktop version offline since they require online login to authenticate access.
Since cost have gone up and the program has arguable become worse (at least for the way we use it), it no longer offers good value for us. We made the decision to switch to something else in 2022.