Digitize physical receipts for easy storage.Maintain proper records - Contracts, Settlement Statements, Agreements, etc..Like Kristen said, a bookkeeper can everything in a QB file.

We carved out a niche: supporting creative businesses with everything from bookkeeping to closing deals.

This is how the tax/book keeping side works.

2- If I employ a full-service property manager to handle tasks such as cleaning, maintenance, booking, and guest communication, while I focus on business aspects like property search, renovation, decoration, bookkeeping, and supply procurement, would this still qualify as material participation or could it pose a risk?

I live in another city, and I need access for me and my CPA /bookkeeping team.

We conduct the manual journal entries for our bookkeeping Clients each month so QBO reflects all of the transactions behind the deposits made by each PM.I understand that may be too much work for a $50-100M portfolio each month.Hopefully, the PM software companies are beginning to explore integrations with QBO but we haven't seen it yet.

Are aware of any software solutions/service provider for managing C-corp operations like payroll processing, book keeping etc ?

But even our most expensive plan is not even close to $250 a month, unless we are doing your bookkeeping for you. 

their preparesrs seem to have a problem looking at your actual bookkeeping records. 

I use Baselane for most tenant-related features including tenant vetting, developing the lease, collecting deposits, collecting rents and for all my bookkeeping related features.