Accounting software for multiple entities

[Nick Horob]

I'm soon going to have 6 different LLC's containing different assets and business interests. Currently looking at a couple deals that could add a few more entities.

I'd like to use Quickbooks Online or Xero bit can't justify the expense.  Most of these entities only have a few transactions every month.  

What would be my best route for accounting software?  My current thinking is to use Google Sheets to do it manually and map receipts to Google Drive.

There has to be a better yet still cost effective method....

[Account Closed]

QuickBooks Online is expensive to use.  I believe $39.99 a month?  Whereas QuickBooks Pro Desktop, you only pay for once and it last you as long as you want it to.  Cost is between $189 to $229.00 depending where you buy it. 

If you have a CPA do your taxes at the end of the year, you can list all your LLC's as a class, but make sure you link all transactions to each individual LLC and Property.

Make sure you have sub bank accounts linked to the correct LLC.

If you are doing your own taxes you will need to setup each LLC as a separate Company file.

I highly recommend making each LLC a separate company file, but I am hounded to death by people wanting to have them in one company file. So the only way you can do it, is by having a CPA do your taxes for you, and you just Print Out a Profit and Loss by Class Report and a Balance Sheet per class as well. (new feature in QuickBooks)

Nancy Neville