How to track the expenses during the rehab and flip

[Gary Singh]

Is there a tool available to track each and every expense we do during the rehab of property? I am having hard time to keep track of multiple rehab's which are going on simultaneously. What is the best way to keep them  apart and update on daily basis ?  

[J Scott]

Originally posted by @Joseph Birbiglia:

I use Quickbooks, and I make every house its own Quickbooks file.

Just curious why you'd make each house a separate file?  That makes it very difficult to aggregate data across all projects -- meaning you can't easily see an overall P&L, you can't easily see how much you've paid contractors (for 1099 purposes), you can't easily manage cash flow across the business, you can't easily see what your overhead (non-property specific) expenses were, you can't easily aggregate data for tax preparation and a whole lot of other stuff you can't do.

Why not just make each property its own Class, and allow QB to manage your an entire company in a single file (as it was designed to do)?