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Updated almost 10 years ago, 01/08/2015
Best Quickbooks ( Desktop Vs Online) for Landlords?
Im currently using a basic Excel spreadsheet to keep track of my properties and tenants. My file is detailed but not enough. Im looking for a software that can help me better manage the finances as well as tenants for each property. Being able to pull reports such as P&L, cost of repairs, etc is important. I also need the ability to download credit card and bank statements into the software so that I have a one stop shop!
So, Im settling on Quickbooks ( I think). I know there will be a learning curve and Im ready to put in the effort. I have an accountant who takes care of my taxes, so right now, all the info I need is just for my personal education to make me a better investor because numbers dont lie!
My question is which version of Quickbooks to use? Desktop or Online? It looks like Quickbooks Online ( QBO) will work for my needs but I read that the cost will be high in the long run and it lacks some features.
Those of you using Quickbooks or any other software, what do you think? All suggestions welcome!