Is accounting software needed?

[Cody Mitchell]

Howdy all,

My wife and I have two rentals that we just finished the BRRRR process on, and I was wondering how many people actually use an accounting software to keep up with things? I planned on using quickbooks, but was unsure on if other investors typically use an accounting software at all. We do have a CPA that we work with as well as a property manager who manages our properties, if that makes a difference.

Thanks in advance! 

[Chris Seveney]

Quote from @Cody Mitchell:

Howdy all,

My wife and I have two rentals that we just finished the BRRRR process on, and I was wondering how many people actually use an accounting software to keep up with things? I planned on using quickbooks, but was unsure on if other investors typically use an accounting software at all. We do have a CPA that we work with as well as a property manager who manages our properties, if that makes a difference.

Thanks in advance! 

 For two rentals I would use excel, and typically if you have a PM you just take the monthly reports and give to your cpa. I do not believe quickbooks is needed