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Updated about 4 years ago on . Most recent reply

User Stats

21
Posts
28
Votes
Evan Haag
  • Covington, KY
28
Votes |
21
Posts

Expense Management for Multiple LLCs

Evan Haag
  • Covington, KY
Posted

Hi All!

I was curious if any multi-property land lords have a good system (or suggested products) for keeping expenses straight and annotated throughout the year for their different properties.

I have separate LLCs and bank accounts for each property, however when I go to export and classify most of my expenses for the year, I'm finding that I forget what some unlabeled (or hard to decipher) expenses were, and thus may be classifying them wrong.

I'm looking for something like Quickbooks, but that can handle multiple LLCs/Bank accounts, because as I understand Quickbooks requires different user names for different businesses.

Note: I have tried Stessa (and honestly, what it does is what I'm looking for....) but because I use smaller regional banks, the connects to the accounts have troubles several times a month, and I end up having to go back and manually import transactions anyway, so it ends up taking more time than it saves me.

Thanks!

Evan

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