Software for Managing Flip Projects & Financials

[Sonu W.]

Hi everyone - 

Looking to pick your brain on what your combination of software that you use is for your real estate business, or if you could recommend any for me.

Here is what I'd like to be able to do:

- Import transactions from my bank to categorize
- Create and view project specific budgets, and be able to see if my project is on track throughout the project as I categorize transactions
- View a P&L statement at the end of the project
- Ideally be able to categorize transactions from my mobile device on the go

Nice to have but not important:
- Managing a project (deliverables, deadlines, dates, etc.)
- Invoicing a client for upgrades

Up until now, I've been operating from Excel, but we're growing to the point where manually entering transactions and categorizing is becoming very tedious.

I tried setting up Wave, and while I'm able to live with some of the limitations it has (i.e. subaccounts), I haven't figured out how I can assign budgets to the expense accounts so that I can track progress.  

I looked into QuickBooks Online, but $80 a month seems like a tough pill to swallow for something I am able to manage (although not ideally) in Excel.  I also dont necessarily have the same business entity for each project, and so from what I can read this isn't possible on QBO without having a subscription for each business.

[Daniel Hyman]

You can cut costs and have multiple entities with QB desktop, but the downside is that many CPA firms (ours included) prefer clients with QB Online or another cloud based software.