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Updated about 3 years ago on . Most recent reply

User Stats

132
Posts
89
Votes
Adam Wigdorski
  • Rental Property Investor
  • NY
89
Votes |
132
Posts

Simple excel or cloud software

Adam Wigdorski
  • Rental Property Investor
  • NY
Posted

Someone will have the answer.

I own 32 units spread across 5 buildings

Some are in my name and some are in 2 llc’s

Was prepping for my taxes and the single spread sheet for each building is becoming a pain in the butt. Looking for cloud software but it’s a big fee because there’s so many add-ins I will never need. Anyone know of a single excel spreadsheet or cloud software where you can literally just type income or expense and the program does the rest and puts it in the right place on the summary sheet? Example

Rent on building 2 unit 2 was paid on 12/1. It auto adds to the gross income of that month to the right place on the summary page.

Same for expenses.

Paid 493 for building x on 12/1.

Most Popular Reply

User Stats

96
Posts
67
Votes
Todd Lennig
  • Accountant
  • New York
67
Votes |
96
Posts
Todd Lennig
  • Accountant
  • New York
Replied

Check out wave accounting.  its a free accounting software with no bells and whistles.  It probably can do what you are asking for.  You can link it to your bank account and then categorize from there.  You would be able to sent a P&L to your tax person at the end of the year or when ever they ask for it.  You can also reconcile your bank accounts.  It is basic and would fit your needs.  Let me know if you have any questions I would be happy to help you set it up.

  • Todd Lennig
  • [email protected]
  • (607) 283-4499
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