Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago, 03/07/2017
Which version of QuickBooks desktop?
I have four rental properties and am adding at a rate of 1-2 per year. I have outgrown Excel for bookkeeping and although would love a cloud based program, after comparing applications have decided on QB desktop.
Which version should I purchase?
Also, I have one LLC as a holding company which owns another LLC for each property. Each property's LLC does a K1 to the Holding LLC which then files the return.
I am the owner, but for accounting purposes, should I set up QB with the holding company as the Owner and each property as a Customer? Or should I leaving the holding company out of it and enter myself as the Owner?
Thanks for any input!
Chris