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Updated over 4 years ago on . Most recent reply

User Stats

22
Posts
2
Votes
Jay Shaw
  • Rental Property Investor
  • Niagara
2
Votes |
22
Posts

Accounting/bookkeeping software suggestions

Jay Shaw
  • Rental Property Investor
  • Niagara
Posted
My partner and I are in the process of looking at software to help our bookkeeping and accounting of our business. We have an accountant and have been using the old and faithful excel to do our books over the past couple of years but was hoping for some suggestions of a relatively easy system that other investors are using. Also, any apps to track mileage from a smartphone would also be appreciated. Thanks in advance!

Most Popular Reply

User Stats

276
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1,175
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Grant Shipman
Pro Member
#1 Real Estate News & Current Events Contributor
  • Rental Property Investor
  • Estes Park, CO
1,175
Votes |
276
Posts
Grant Shipman
Pro Member
#1 Real Estate News & Current Events Contributor
  • Rental Property Investor
  • Estes Park, CO
Replied

I'd love to hear if there is a pm platform which makes an additional accounting platform irrelevant for me. My pm company manages 6-8 unit residential properties owned by separate LLC's which I manage and control 50% of. Currently I use a pm software that is not robust enough in accounting, so we compliment it with QBO and an accounting team. However, I'd love to find a pm software that provides quality pm features along with the following accounting features: owners needs (mortgage payments, rent collected, pm expenses, cap ex, repairs, insurance payments, LLC member distributions) and also all property management needs. I have been on calls with Rent Manager, Yardi Breeze, and Appfolio. Their sales people assure me their platforms would not need additional accounting software, but they also said they are not accountants/bookkeepers. I'd appreciate hearing anything from your experience. Cheers!

  • Grant Shipman
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