Quote from @Leslie Stouffer:
I am not managing my property and have a property manager, so I get a reconciliation of what the property makes minus the charges for the supplies, repairs, etc. I currently use Stessa and their bank to manage my accounts. I am struggling to have it correctly logged in their software to show the details, since it shows the lump deposit (aka, how to I add the items like cleaning and repairs, since that money is removed from my balance before I even see it).....is there software that is easier for this? Or at least a way to do this that makes the report look better?
Is there a way you can ask for an itemized list of expenses from the PM? It seems if I was using one, I’d want that anyway. And then you can manually enter them in your software.
im a bookkeeper by trade and I think that’s the way I’d do it, if it were me. I use QuickBooks but xero would work well too and is less expensive. Also you could simply use a spreadsheet. If you need any help, feel free to reach out!
good luck!
