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Updated about 3 years ago on . Most recent reply

User Stats

16
Posts
21
Votes
Liam Delumpa
  • Investor
  • San Francisco, CA
21
Votes |
16
Posts

What is the best Bookkeeping Software for investors?

Liam Delumpa
  • Investor
  • San Francisco, CA
Posted

I am starting out my real estate journey and plan on aggressively purchasing and rehabbing properties with the BRRR strategy. I am curious what is the best modern bookkeeping software that people are using. Something to note, I will be investing out of state and hiring property managers. So I don't particularly need a system that has extensive property management features, though I would still like one that is geared towards investors.

From my research, I obviously came across the popular ones like Quicken and Quickbooks. 

I am also really interested in Stessa, which is made by investors for investors. 

Does anybody have opinions/advice on what is the best!?

Thanks

Most Popular Reply

User Stats

191
Posts
106
Votes
Markus Shobe
  • Accountant
  • Indianapolis, IN
106
Votes |
191
Posts
Markus Shobe
  • Accountant
  • Indianapolis, IN
Replied

It depends what your needs are. If you need just a strictly accounting system which it looks like you are, Quickbooks can work and I recommend it. You can run a lot of good reports in Quickbooks and once you get they hang of using the system it is not to hard. 

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