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Updated over 6 years ago on . Most recent reply

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309
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Sandy Uhlmann
  • Investor
  • Jefferson City, MO
100
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309
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Cost Effective Accounting Software for Real Estate?

Sandy Uhlmann
  • Investor
  • Jefferson City, MO
Posted

I am looking for a cost-effective, easy accounting system that is user friendly for landlords or anyone with a very small rental business.  I currently have been using the pro version of quickbooks online because it allowed me to put each of my rentals in classes as suggested by my accountant.  I had been getting a special deal on QB (about $25/month) because it was purchased from my accountant.  I have switched accountants and I see now that the online Pro version is $60/month.  My bank statement is one to two pages at the most.  I don't do any invoicing, I have no employees so this seems excessive. Can anyone else suggest a cost-effective accounting software that is easy to use and is more cost effective?  

Thanks,


Sandy

Most Popular Reply

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Frank Chin
  • Investor
  • Bayside, NY
1,376
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Frank Chin
  • Investor
  • Bayside, NY
Replied

You can use the desktop version of QuickBooks Pro for $189.00 (one user) on sale at Amazon till the end of June. I got my QB Pro Version 2011 for years now, but will have to upgrade soon as 2011 version doesn't work in Windows 10, and I'll be upgrading my computer. See:

I seen reviews of the online version and I believe the desktop version works far better. For $189.00 one time charge, it beats paying $25.00/month. Regular price is $289.00, still beats $25/month. Just make sure you have online backup.

I have everything set up, with classes for various rentals, and if I were in your shoes, just upgrade the software, and you're good to go. You don't even have to redo the files, as it should take your old files in the upgrade and automatically convert it. In 2011, I converted from my 2002 QB, and I didn't have to re-enter data. It's the most cost effective way from what I can see.

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