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Updated about 4 years ago on . Most recent reply

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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AppFolio accounting

Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Posted

My PM uses AppFolio and apparently it can not produce standard accounting reports (P&L, T12 and rent roll). Can anyone confirm this or help me coach the PM? I need these reports for the bank and for general analysis (and so that I can spend time on investing instead). Absent an AF solution, I will have to key monthly owners statements into Quickbooks or some other accounting software.

On a side note, would also like the system to be able to accept journal entries for items that I pay for myself so that we have a full set of books (insurance, taxes, materials on occasion, occasional direct payment to a contractor, tax prep fees, other admin fees).  My PM is telling me the only way to handle this is with an actual cash transaction.

Thanks for the help.

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481
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Jeff Gates
  • Investor
  • Cathedral City, CA
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Jeff Gates
  • Investor
  • Cathedral City, CA
Replied

Wow, sounds like the operator, not the machinery.

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