Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
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 almost 8 years ago, 02/13/2017

User Stats

203
Posts
135
Votes
Ben Roberts
  • Rental Property Investor
  • Memphis, TN
135
Votes |
203
Posts

Do I need Quickbooks? Isn't there something better? or cheaper?

Ben Roberts
  • Rental Property Investor
  • Memphis, TN
Posted

I'm a wholesaler from Memphis and lately I've been using an app, Expensify, to help track expenses and mileage.  It's fair but not very professional and it doesn't integrate with anything else.  

I drive a lot to look at property, market a lot, spend some money on a data plan, buy office supplies.  Occasionally I'll go out to eat with an investor. Things like that.  I'd like to be able to keep track of expenses and income, come up with P&L's, do a little analysis, generate expense reports, and generally manage my finances as a wholesaler so that taxes are easier to figure out next year.  

Most of what I do is by assignment.  I don't do sub2.  Maybe a double close. I'm working towards buy and hold rentals but I think I need to keep the two income/expense streams separate, right?

I'm considering Quickbooks Self Employed but is there anything else out there?  Anything better?  What do you use and why?

Thanks,

Ben

Loading replies...