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Updated almost 2 years ago on . Most recent reply

User Stats

39
Posts
14
Votes
Corey Duran
  • Rental Property Investor
  • Toledo, OH
14
Votes |
39
Posts

Suggestions for custom income/expense accounts for accounting software

Corey Duran
  • Rental Property Investor
  • Toledo, OH
Posted

Most software (I use Buildium) comes with standard income/expense accounts. Are there any custom accounts or subcategories you would recommend for write-off purposes or just a general overview of a property at the end of the year? If anyone has some suggestions they use or have heard please share.

example: My accountant said to have a custom category for photography and closing gifts on my Realtor side of things so it is easier to know how much I spend per year on that. Another investor makes a subcategory for certain projects like Roofing so he knows what he spends on roofs per year.

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