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Updated over 7 years ago,
Accounting software: Depreciate or expense feature
Hi, I am looking for accounting software with some specific features. I don't know if it exists, but would love some feedback - do you know of a solution that does this? If not, how are you managing these issues?
1) I don't need tenant screening, rent collection, or other management features - I'm happy with my current systems here.
2) I want to scan/upload receipts for property-related expenses, import transactions from my accounts, and reconcile the two.
3) I want the software (or online application) to look at these expenses and help me categorize them as improvements/depreciable (and over what term) or repairs.
4) I want the software to track all depreciable expenses over time
5) I want to be able to connect each expense to a specific unit, property, or general expense.
6) I want to generate reports that I can send to my accountant with the details on my property-related expenses.
7) Not totally necessary, but it would be really cool if the application would also use projections to estimate my expected taxes based on expenses/income to date.
Thanks for any input!