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Updated over 6 years ago on . Most recent reply

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11
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1
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Ben Morris
  • Rental Property Investor
  • Pittsburgh, PA
1
Votes |
11
Posts

I hate my accounting system, shoe box with receipts, AHHHHH!

Ben Morris
  • Rental Property Investor
  • Pittsburgh, PA
Posted

I have three SFH, and one under contract. At the end of every month I collect all of my receipts, and my credit card statement, add up all of my expenses and deduct that from my income. This process is ridiculous, please tell me what solutions have worked best for you and how to get started.

Most Popular Reply

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3,711
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4,457
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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
4,457
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3,711
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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied

I hate your accounting system too! 

Get your accountant to set you up on QBO and sync it to your bank feed. (Because I know you have a dedicated business bank account) Then all of the transactions import automatically. It's SO EASY. 

Receipts you can then scan at your leisure and just store in a digital folder by month. 

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Kolodij Tax & Consulting

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