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Updated about 6 hours ago on .

User Stats

42
Posts
17
Votes
Patrick K.
17
Votes |
42
Posts

What accounting software do you use for real estate holding companies?

Patrick K.
Posted

I have a main company, that owns a bunch of LLCs, each LLC holds a single real estate asset. 1 of the LLC also acts as a management company for the entire portfolio.

Now it creates a problems that with each LLC, I need to file a tax return each year. and so far I am doing them by excel copying numbers from bank statement, which is a nightmare.

Quickbook online charges $24 each month in Canada, which really adds up with the number of holding LLCs. and I don't feel like what I require from it justify the cost. I literally just need to categorized income and all types of expenses.

Do any of you properties investor have a recommendation on what accounting software to use for these type of set up? or even better is there some tricks to set up quickbook with one account but handling all these companies?

Thank you for your time.