Accounting Software

[Daniel Levine]

I have been doing my accounting on Excel and find that it is impossible to set it up properly. I am a small start up who is doing rehabs at this time. As I build my revenue I plan on expanding to buy and hold deals, so I need something flexible. I run the company with 2 partners as an LLC and do not have any employees. It needs to be easy to understand, flexible, and cost appropriate for a small start up. Any suggestions?

[Johnson H.]

Daniel, like others have said, many use Quickbooks that can be tailored to fit the rehab business. However, you need to ask yourself is it worth it to take the time to learn how to use Quickbooks or other software? Or if your start up is firing on all cylinders, would it be easier to hire a CPA or a book keeper to handle your numbers? It will be done correctly every month and during tax time, you and your partners can easily have to CPA/book keeper issue 1099's and get your taxes filed on time with all the right deductions. Just something to think about!