What Accounting System Do You Use for Your RE Business?

By
Real Estate Agent with Maxfield Real Estate

I need to get my accounting under control. I know there are a number of accounting software programs such as Quicken but sometimes these programs give way to much to work through and make using them cumbersome or others don't have enough of the "bells and whistles". Is there anything you use to track your expenses and income as well as mileage and that you have found easy to use? How many of you do your own taxes using one of these products?

Comments (4)

Don MacLean
New England Real Estate Center Inc. - Easton, MA
Realtor-Homes for Sale- Easton, Mass 02356

Steve, I do a spread sheet for my accountant and he does the rest.

You can also buy a weekly,monthly log at staples for all your items from dry cleaning to postage just ask.

I do Real Estate and he does Accounting. We do not do each others professions lol

Enjoy the day

Jun 21, 2011 03:02 AM
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

I use Quicken and really like it. My husband uses Quickbook and it is more advanced then my
Quicken. Good Luck.

Jun 21, 2011 03:12 AM
Randy Schulenburg
Schulenburg Realty, Inc. - Pingree Grove, IL
Schulenburg Realty, Inc.

Steve,

After using accountants for years I took on the task of preparing my own 1120's through Turbo Tax this year.  And then I did my own 1040's through Turbo Tax.  It was well worth it to understand the process, didn't take much time and saved some money.

We had the best year in the past several and are having another banner year this year.

Quickbooks is a way to organize your numbers in a way that will allow you to forward it to your accountant if you decide to not take it on yourself.  Obviously, the more transactions you have the more time consuming it may become.

Jun 21, 2011 03:48 AM
Steve Bush
Maxfield Real Estate - Moultonborough, NH
603.455.7428 - NH Lakes Region

Don, Kristen and Randy,

Many thanks for the responses. My apologies for getting back so late to thank you!

It sounds like Quicken or Quickbooks is the way to go. I'll check them out and thanks again.

Jun 28, 2011 11:22 PM