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Sebastian

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Posts: 1
Reply with quote  #1 
Hello,

I just joined the website. We are about to rent our home for the first time. and we starting at the beginning. We are staying very local. This website seems to be very informative so I look forward to spening more time here reading.

In regards to bookkeeping. What kind of programs do you use if any at all. It would seem appropriate to seperate all business transactions from personal. I would imagine most to use quick books or quiken. Do you find either one easier to use over the other.

Thanks,
OHlandlord

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Posts: 3,718
Reply with quote  #2 
I actually just use spread sheets.  Many LLs use those programs with great success.  But I find multiple spread sheets work just as well for me.  One spread sheet per rental address, multiple columns for basic types of repairs (plumbing, electrical, appliances, general repairs, etc.) plus columns for  improvements, cleaning, adverting, and mileage.  And, of course, one for those things that don't fit into any other category (there always is something that just doesn't seem to belong).  At tax time, total the types of work done and list it for my accountant ($xxx on plumbing, $xxx for electric, etc.)  I send him just the summary statements.
amygarside

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Posts: 28
Reply with quote  #3 
Thanks for sharing, ohlandlord! Your style seems easier and more convenient.  
kellyjones0011

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Posts: 2
Reply with quote  #4 

Accounting software's complexity depends on your business corporation that ranges from a simple software for a complex one. You never acquired more featured software if you don’t have a need of it.

Top 2012 Accounting Software for Business
FreshBooks
QuickBooks

QuickBooks Pro

QuickBooks Premier 2012

AccountEdge Accounting Software

Sage Peachtree Accounting Software


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shagydeep

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Posts: 18
Reply with quote  #5 
Hello,
Well it's true that Bookkeeping is the very knowledgeable book for having account knowledge. And i am glad that is was in our study part so i can give some answers about this...
bilal_shaikh1

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Posts: 1
Reply with quote  #6 
Virtual Bookkeeping Firm benefits you with all aspects of Accounts and its problems relevants.
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BIlal Shaikh
seofriendly

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Posts: 1
Reply with quote  #7 
Well it's real that Accounting is the very experienced guide for having consideration information. And i am grateful that is was in our research aspect so i can provide some solutions about this.


seofriendly

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silveryoung

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Posts: 1
Reply with quote  #8 
Bookkeeping is more helpful for your site and it is also very knowledgeable too. You can proceed with good one.



silveryoung

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silveryoung
NoNonsenseLandlord

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Posts: 178
Reply with quote  #9 
I use Quicken, TurboTax and MS Office.
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sceggel

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Posts: 4
Reply with quote  #10 
Should all use QB with a class for each property or separate file for each LLC. spreadsheets are not a proper way to do bookkeeping because there is no reconciliation procedure to the bank account to the financial statements. Quicken does not allow the use of journal entries

http://www.ccscpas.com

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