Personal Finance
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Quickbooks: worth the time spent learning? Am I OVER-engineering?
Hi all,
I have 8 properties (16 units), and have grown a lot in the past 18 months. For 19 years, I've "kept books" with highly organized "paper system" which (while SOOOO 1990')s was at least a logical and organized.
On January 1st, in an effort to be more "professional," and in the hopes of making tax season less time consuming I began tinkering with Quickbooks online.
I chose January first to make a clean break from the old paper system to the new digital one.
I've had a tech person from a local CPA advising me over the phone for an hour every-other-week or so. In the mean time, my receipts are everywhere and I'm falling behind in processing them.
The paper always worked fine and I have a friend who takes pics of receipts and saves them to his Google drive; two simple ideas that seem to work well...
SO MY QUESTION: Will all this time I'm putting into QB online payoff down the road? Will it SAVE time? Save money? Save sanity? Or am I overengineering my RE enterprise?