If using Quickbooks, it's easy enough to filter out, but other bookkeeping programs may not be so great.

My properties are managed by 3rd parties and the accounting software is "baked" into the property management software.I don't know how big your real estate empire is but from my perspective, and as someone who is very skilled in Excel, my recommendation is that you find a good bookkeeper who is really good in Qbooks and have them assist you with setting up your company the right way in Quickbooks such as chart of accounts, categories, lists, etc.

When it gets to be to much of a headache, that's when you could consider outsourcing the bookkeeping.

A virtual or remote bookkeeper would be more than sufficient.

I am looking for some guidance on managing security deposits, repairs, and return of the balance from a bookkeeping standpoint. 

If you want to pay cash, money order or some other crap that requires more work on my bookkeeper's part, it's $50 extra per month.

Originally posted by Steven Hamilton II:...Steve Babiak, I would have figured you'd do your own tax return....I have in the past, so that I understand just enough to be trouble :)But these days, I outsource the prep of the returns; the bookkeeping is the hard part that I do myself with QB.

Not all bookkeepers know QuickBooks.

Get a bookkeeper to take a look too (in case your eyes glaze over with this stuff).  

Prob start with an hourly rate for doing bookkeeping, gradually work into the physical aspects of mgmt (painting, running an open house, etc)I'm sure there are all kinds of things I haven't thought of, what are y'all doing?