Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Technology
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 months ago on . Most recent reply

User Stats

45
Posts
18
Votes
Grant Pope
  • Mankato, MN
18
Votes |
45
Posts

Project Tracking & Accounting Software

Grant Pope
  • Mankato, MN
Posted

I have been investing in real estate for the past 7 years. I hire a property management company to take care of all the management side of our properties. 

We recently started our own construction company that does mostly our work on our properties but also subs out here and there. 

We use quickbooks online to track our time, payroll, and income and expense tracking. 

However - I feel like it misses the boat for what we are trying to do. We want to be able to create an estimate for a project and then track everything back against that estimate (Labor and Materials) to see how we are performing on each project. Though QB does an okay job of this it just lacks some of the finer details of this we are looking for. When you try to look at a project at an overview it only shows you totals and doesnt give you the granular information we would love to see. Would love to be able to see how each category is performing in real time. The other thing it doesnt allow you to do is go over on your estimates. Once you go over it forces you to add or update your columns. Which is fine - but we want to know what columns we went over budget on to try and stop from doing it again.

I dont love the idea of having a separate software's - one that tracks finances and one that tracks the cost. Its fine - but when we enter in expenses into financials we have to also come back and put them in the project managements tool. Fine if you are doing one or two but when you have 10 going its hard to keep up. Also dont like the overhead of paying for two softwares with all the extra work.

Any one else out there that has this same problem? How are you solving it?

Thanks in advance.

Loading replies...