Book keeping HELP!

[Jay Cho]

Hello all

I have 5 rental properties(12 doors)

and I have been using spread sheets and an account book app but it's getting a huge mess and I would like to get prepared for upcoming tax filing. 

I  have 5 different bank accounts for each property and one credit card that I use for all my rental business for repairs, services.

When I get rents from tenants, I auto deposit all rent into one account and distribute to each for mortgages, property taxes and insurance etc. Any cash flow or left over is sent to another account to pay back the credit card or futher investment.

 Since I use one credit card for all my properties and all the money is mixed together, it is hard for me to keep tract of the ins and outs of the income and expenses. 

I have been manually adding all the transactions to the account book which is really time consuming. 

do you have any good suggestion?

any course , youtube video, books you recommend?

Thanks you

[John Mocker]

Jay,

If you start using accounting software (QuickBooks, etc.) consider hiring a bookkeeper to set the system up correctly for ease of use and ability to get the info out you need.  These programs have so many options that it can be a time and money saver to have it set up correctly.  If there is a bookkeeper/service that has other Landlord clients, they may also have some good advise on how to run the books.