{"id":285,"date":"2021-11-04T18:18:45","date_gmt":"2021-11-04T18:18:45","guid":{"rendered":"https:\/\/www.rentalincomeexpense.com\/blog\/?p=285"},"modified":"2021-11-04T18:18:47","modified_gmt":"2021-11-04T18:18:47","slug":"small-landlord-accounting-software-needs","status":"publish","type":"post","link":"https:\/\/www.rentalincomeexpense.com\/blog\/2021\/11\/04\/small-landlord-accounting-software-needs\/","title":{"rendered":"Small Landlord Accounting Software Needs"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"640\" height=\"960\" data-src=\"https:\/\/www.rentalincomeexpense.com\/blog\/wp-content\/uploads\/2021\/09\/small-landlord-accounting-software-needs.jpg\" alt=\"small landlord accounting sofware needs\" class=\"wp-image-290 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 640px; --smush-placeholder-aspect-ratio: 640\/960;\" \/><figcaption>A small landlord has different accounting software needs than the big guys!<\/figcaption><\/figure>\n\n\n\n<p>The accounting needs of General Motors are not the same as the accounting needs of Joe&#8217;s Pizza shop.  Similarly, small landlords do not have the same accounting needs as large real estate corporations.  What does a small landlord need in their <a href=\"https:\/\/www.investopedia.com\/best-accounting-software-for-rental-properties-5090031\" target=\"_blank\" rel=\"noreferrer noopener\">accounting software<\/a>?  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ease of Use<\/h2>\n\n\n\n<p>Large apartment companies generally employ their own accountants.  Small landlords must learn a lot of accounting on their own.  For many,  using accounting software like <a href=\"https:\/\/www.landlordstudio.com\/blog\/should-you-use-quickbooks-for-rental-properties\/\" target=\"_blank\" rel=\"noreferrer noopener\">Quickbooks is time-consuming<\/a> and not intuitive.  Small landlord accounting software that is dead simple to use is a huge timesaver.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Income Expense Tracking<\/h2>\n\n\n\n<p>Expensive online software like Appfolio or Buildium often have a myriad of features.  However, do small landlords need these features?  Generally, small landlords just need basic income (rent) and expense tracking.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Helpful Reports<\/h2>\n\n\n\n<p>Once a landlord enters their income and expense information, they really just need a few helpful reports.  The first is a profit and loss report so that a landlord can see how they are doing financially.  Next, landlords in the United States need a &#8216;Schedule E&#8217; Helper report which helps them report property income to the IRS.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Low Price<\/h2>\n\n\n\n<p>Finally, small landlords often have slim budgets.  They do not have hundreds of properties to spread the cost of accounting software across.  They may just have one property.<\/p>\n\n\n\n<p>Fortunately, there is online software that is perfect for small landlords and free.  For many years, small landlords have used RentalIncomeExpense.com.  This free service is easy-to-use, allows income expense tracking, and generates a few super important reports.  Try it out at <a href=\"https:\/\/www.RentalIncomeExpense.com\">www.RentalIncomeExpense.com<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The accounting needs of General Motors are not the same as the accounting needs of Joe&#8217;s Pizza shop. Similarly, small landlords do not have the same accounting needs as large real estate corporations. What does a small landlord need in their accounting software? Ease of Use Large apartment companies generally employ their own accountants. Small [&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":[52],"class_list":["post-285","post","type-post","status-publish","format-standard","hentry","category-general","tag-small-landlord-accounting-software"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Small Landlord Accounting Software Needs - Advice and Tips for Landlords from RentalIncomeExpense.com<\/title>\n<meta name=\"description\" content=\"A small landlord has different accounting software needs than big real estate companies. 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