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Updated about 2 years ago on . Most recent reply

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Jimmyhee Quach
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10
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Partnership in LLC Expense Tracking

Jimmyhee Quach
Posted

Hello! 

I have recently created an LLC with a partner of mine to make our first investment. Wanted to gather the great minds in the BiggerPockets community for pointers to get us started on the right foot:

1) What is the best way to manage business expenses made via personal credit cards? Our initial thought is we're intending on making purchases with our personal cards and tracking them on a spreadsheet (including receipts) so that it may be reimbursable by the business when we open a business account under the LLC.

2) What is the best way you've used to manage business expenses for your properties? (i.e. repairs, subscriptions, LLC costs, etc.)

  • Jimmyhee Quach
  • Most Popular Reply

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    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    15,226
    Votes |
    12,485
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    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    Replied

    Get a business credit card.

  • John Underwood
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