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Updated 10 months ago on . Most recent reply

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15
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18
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Juan Lizarazo
  • Investor
  • Utah
18
Votes |
15
Posts

Book keeping software advice!

Juan Lizarazo
  • Investor
  • Utah
Posted

Hi! So, I have 4 properties. What do you guys use for book keeping, to categorize transactions and generate Profit and Loss reports for your CPA? 

I am using stessa, but I am wondering if there is something better out there I should look at, easier to use. 

Most Popular Reply

User Stats

171
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198
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Rob K.
  • Encinitas, CA
198
Votes |
171
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Rob K.
  • Encinitas, CA
Replied

I'm using Quicken 2014. I think I paid $30 bucks for it and never updated quicken to a paid subscription as I don't need any of those annual fee features. 

Started using Quicken around the year 2000. Once I figured out how to set categories for my income and spending, tags so I could run reports specific to an asset (e.g. seperate tag for each rental property), and set up asset and Liability accounts so I could do a balance sheet, I was able to run detailed income and expense statements and balance sheets and rental property specific reports which have always satisfied my accountants. 

Tried Quickbooks, but it required me to enter to much data that was not pertinent to what I was doing. Also don't like paying for unnecessary annual subscriptions when old quicken software works fine for me.  

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