Need help setting up accounting system

[Joe T.]

Hi there,

I'm looking for someone / a service to help me set up my accounting system and train me to do the entries. I'm open to software like Quickbooks online or any other that is recommended. 

Is there a service out there that would be able to help? I'm a new real estate investor and want to make sure the accounting and taxation side is done right from the get go.

Thank you!

Joe

[Christa Burket]

Hey @Joe T.!

My first suggestion would be to find an accountant. They can help you on the accounting/taxation side of things to make sure you're keeping accurate records and advise you in areas you might not be aware of. When we started with our accountant he also helped us set up our QuickBooks account and did a training period with us on how to use the software. I'm not sure if all accountants do that, but you may be able to find someone in your area that is willing to do something similar.

Are you connected with a REIA in your area? We found our accountant through a REIA meet up (he spoke at one of the meetings) and it's been a great fit for us. You could also ask some other investors who they use.

Accounting can be intimidating when you start out but the more you do it the easier it becomes and having a professional to bounce questions off of is worth the investment. I hope this helps! 

@Joe T.