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Updated about 1 year ago on . Most recent reply

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11
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Danielle M.
  • San Diego
2
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11
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How do you do your accounting?

Danielle M.
  • San Diego
Posted

Hello, 

I am curious how you do your accounting. Do you have a separate Quickbooks online subscription for each property (that sounds expensive)? How do you handle buying software for multiple properties in an affordable way?

Thanks, 


Curious Investor

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Basit Siddiqi
Tax & Financial Services
Pro Member
#4 Buying & Selling Real Estate Contributor
  • Accountant
  • New York, NY
3,658
Votes |
8,132
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Basit Siddiqi
Tax & Financial Services
Pro Member
#4 Buying & Selling Real Estate Contributor
  • Accountant
  • New York, NY
Replied

If you use quickbooks online, you need the version of the software that allows you to be able to use the class function.
I think this is the 'plus' version and can get costly over the long haul as its about $85 a month

I personally like the desktop version of quickkbooks and it is about $300 - $400 that will last about 3-4 years.

I also often see people using Stessa or Xero.

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Basit Siddiqi CPA
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