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Updated over 6 years ago on . Most recent reply presented by

Daulton H.'s profile image
Daulton H.'s profile image
Daulton H.
  • Rental Property Investor
  • from South Carolina
  • Member since Dec 10, 2017
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Daulton H.'s profile image
Daulton H.'s profile image
Daulton H.
  • Rental Property Investor
  • from South Carolina
  • Member since Dec 10, 2017
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Daulton H.
  • Rental Property Investor
  • South Carolina
35
Votes |
37
Posts
Tax, SDIRAs & Cost Segregation

5 Properties, 3 LLCs, Quickbooks or stay with a spread sheet?

Daulton H.
  • Rental Property Investor
  • South Carolina
Posted

We are still small, when will I know if it is time to invest in a better accounting system?  Should it be based on gross income or number of units? Thanks all.

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Carl Fischer's profile image
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Carl Fischer
  • Rental Property Investor
  • from Ambler, PA
  • Member since Jul 22, 2015
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Carl Fischer's profile image
Carl Fischer's profile image
Carl Fischer
  • Rental Property Investor
  • from Ambler, PA
  • Member since Jul 22, 2015
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
1,382
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
Replied

@Daulton H.

Get QBs -easier for accountants to do your taxes, better if you get audited, better if bank wants financials, etc. I love spread sheets but switched to QBs in 2005.  QBs down loads spread sheets fairly easy but I am finally getting used to QBs reports and liking it more. I hired a part time bookkeeper to keep the books up to date. 

  • Carl Fischer
  • [email protected]
  • 215-283-2868
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