{"id":103,"date":"2021-05-13T16:00:29","date_gmt":"2021-05-13T16:00:29","guid":{"rendered":"https:\/\/www.rentalincomeexpense.com\/blog\/?p=103"},"modified":"2021-05-13T16:00:30","modified_gmt":"2021-05-13T16:00:30","slug":"should-landlords-use-quickbooks","status":"publish","type":"post","link":"https:\/\/www.rentalincomeexpense.com\/blog\/2021\/05\/13\/should-landlords-use-quickbooks\/","title":{"rendered":"Should Landlords Use Quickbooks?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"2000\" height=\"1333\" data-src=\"https:\/\/www.rentalincomeexpense.com\/blog\/wp-content\/uploads\/2021\/04\/QuickBooks.jpeg\" alt=\"Should Landlords Use Quickbooks\" class=\"wp-image-107 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 2000px; --smush-placeholder-aspect-ratio: 2000\/1333;\" \/><figcaption>Quickbooks is great software for small business. But landlords can do better with other services.<\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/quickbooks.intuit.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Quickbooks by Intuit<\/a> is a leading small business accounting software. Landlords often consider <a href=\"https:\/\/www.landlordstudio.com\/blog\/should-you-use-quickbooks-for-rental-properties\/\" target=\"_blank\" rel=\"noreferrer noopener\">Quickbooks to do rental property accounting<\/a>.  However, there are much easier tools for landlords to use.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Quickbooks is too complicated<\/h2>\n\n\n\n<p>Quickbooks, by reputation, is <a href=\"https:\/\/www.freshbooks.com\/is-quickbooks-hard-to-learn\">not easy to learn<\/a>. People buy books and videos to answer questions about how to set-up things in Quickbooks.<\/p>\n\n\n\n<p>Moreover, even for Quickbooks experts, using Quickbooks for property management is difficult.  In fact, it is <a href=\"https:\/\/quickbooksforlandlords.net\/\" target=\"_blank\" rel=\"noreferrer noopener\">challenging enough to warrant a video course<\/a> on how landlords can use Quickbooks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Landlord-specific accounting software is easier to use<\/h2>\n\n\n\n<p>Fortunately, there is a lot of <a href=\"https:\/\/www.rentecdirect.com\/blog\/quickbooks-vs-property-management-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">landlord accounting software available<\/a> as alternatives to Quickbooks.  Just as a handyman has many tools in their toolbox (hammer, screwdrivers, wrenches) to fix problems, the right sized landlord software can make your life so much easier.<\/p>\n\n\n\n<p>For landlords who just need a few reports and simple income and expense tracking, <a href=\"https:\/\/www.RentalIncomeExpense.com\" target=\"_blank\" rel=\"noreferrer noopener\">RentalIncomeExpense.com<\/a> is an easy-to-use and free alternative to Quickbooks.  For large property managers with complex needs, there are property management accounting services such as <a href=\"https:\/\/www.appfolio.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Appfolio <\/a>and <a href=\"https:\/\/www.buildium.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Buildium<\/a>.<\/p>\n\n\n\n<p>As one example of the benefits of using a dedicated tool like <a href=\"https:\/\/www.RentalIncomeExpense.com\" target=\"_blank\" rel=\"noreferrer noopener\">RentalIncomeExpense.com<\/a>, a landlord can quickly create an IRS Schedule E helper report with just a click of a button.  This report contains all categories on the IRS form that their accountant will need at tax time.  Try doing that with Quickbooks!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quickbooks by Intuit is a leading small business accounting software. Landlords often consider Quickbooks to do rental property accounting. However, there are much easier tools for landlords to use. Quickbooks is too complicated Quickbooks, by reputation, is not easy to learn. People buy books and videos to answer questions about how to set-up things in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[19,24,25],"class_list":["post-103","post","type-post","status-publish","format-standard","hentry","category-general","tag-landlord-accounting","tag-landlords-use-quickbooks","tag-quickbooks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Should Landlords Use Quickbooks? - Advice and Tips for Landlords from RentalIncomeExpense.com<\/title>\n<meta name=\"description\" content=\"Landlords might try to use Quickbooks to do their rental property accounting. 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