{"id":77,"date":"2021-04-21T13:16:28","date_gmt":"2021-04-21T13:16:28","guid":{"rendered":"https:\/\/www.rentalincomeexpense.com\/blog\/?p=77"},"modified":"2021-04-21T13:16:29","modified_gmt":"2021-04-21T13:16:29","slug":"landlord-accounting-with-rentalincomeexpense","status":"publish","type":"post","link":"https:\/\/www.rentalincomeexpense.com\/blog\/2021\/04\/21\/landlord-accounting-with-rentalincomeexpense\/","title":{"rendered":"Landlord Accounting with RentalIncomeExpense"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"640\" height=\"426\" data-src=\"https:\/\/www.rentalincomeexpense.com\/blog\/wp-content\/uploads\/2021\/04\/Landlord-Acctg-w-RIE.jpg\" alt=\"Landlord Accounting\" class=\"wp-image-89 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 640px; --smush-placeholder-aspect-ratio: 640\/426;\" \/><figcaption>Landlord accounting with RentalIncomeExpense.com makes tracking rental property income and expenses free and easy.<\/figcaption><\/figure>\n\n\n\n<p>Landlords can manage their <a href=\"https:\/\/www.stessa.com\/blog\/rental-property-accounting-101\/\" target=\"_blank\" rel=\"noreferrer noopener\">recordkeeping task<\/a> in a variety of ways which can range from using a simple paper ledger to expensive sophisticated software.  We&#8217;re going to take a look at <a href=\"http:\/\/RentalIncomeExpense.com\" target=\"_blank\" rel=\"noreferrer noopener\">RentalIncomeExpense.com<\/a> as an ideal landlord accounting solution because it&#8217;s free, and it generates powerful reports when tracking rental property income and expenses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FREE &amp; EASY<\/h2>\n\n\n\n<p>Yes, you read correctly . . . RentalIncomeExpense.com is free.  Landlords do not need to pay anything to use this tool.  Most accounting software, like <a href=\"https:\/\/quickbooks.intuit.com\/pricing\/\" target=\"_blank\" rel=\"noreferrer noopener\">QuickBooks<\/a>, <a href=\"https:\/\/www.buildium.com\/pricing\/?plan=growth&amp;planTerm=monthly&amp;unitsCount=1\" target=\"_blank\" rel=\"noreferrer noopener\">Buildium<\/a>, and <a href=\"https:\/\/www.rentecdirect.com\/pricing\" target=\"_blank\" rel=\"noreferrer noopener\">RentecDirect<\/a>, are fairly expensive, especially for the small landlord.  Tracking rental property income and expenses is not the most exciting task, but it is a <a href=\"https:\/\/www.landlordstudio.com\/blog\/our-top-bookkeeping-tips-for-diy-landlords\/\" target=\"_blank\" rel=\"noreferrer noopener\">very important task<\/a>.  Making landlord accounting easy where you simply just record dates, vendors\/customers, and amounts according to simple drop down menus makes the entire process painless. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">POWERFUL REPORTING<\/h2>\n\n\n\n<p>Every business wants to know how well it is doing, and landlording is no exception.  Generating reports from income and expenses that are tracked is powerful.  RentalIncomeandExpense.com provides instant reports that matter, like Profit &amp; Loss and a 1040 Schedule E helper.  Because RentalIncomeExpense.com follows the income and expense categories used by the IRS&#8217; <a href=\"https:\/\/www.irs.gov\/forms-pubs\/about-schedule-e-form-1040\" target=\"_blank\" rel=\"noreferrer noopener\">Form 1040 Schedule E<\/a>, the helper report makes tax time  easier.  You wouldn&#8217;t be able to generate such powerful reports if you were using a paper ledger or a simple spreadsheet for landlord accounting.<\/p>\n\n\n\n<p>There is a lot of different <a href=\"https:\/\/www.investopedia.com\/best-accounting-software-for-rental-properties-5090031\" target=\"_blank\" rel=\"noreferrer noopener\">accounting software<\/a> to choose from.  Because landlord accounting is such an important task, we encourage you to consider <a href=\"http:\/\/RentalIncomeExpense.com\" target=\"_blank\" rel=\"noreferrer noopener\">RentalIncomeExpense.com<\/a>.  It&#8217;s free and provides powerful reports that tell you how your landlording business is doing all the while making tax time a whole lot easier. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Landlords can manage their recordkeeping task in a variety of ways which can range from using a simple paper ledger to expensive sophisticated software. We&#8217;re going to take a look at RentalIncomeExpense.com as an ideal landlord accounting solution because it&#8217;s free, and it generates powerful reports when tracking rental property income and expenses. FREE &amp; [&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":[19,8,7],"class_list":["post-77","post","type-post","status-publish","format-standard","hentry","category-general","tag-landlord-accounting","tag-landlord-income-and-expense-tracking","tag-rental-property-accounting-software"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Landlord Accounting with RentalIncomeExpense - Advice and Tips for Landlords from RentalIncomeExpense.com<\/title>\n<meta name=\"description\" content=\"Landlord accounting with RentalIncomeExpense.com makes tracking rental property income and expenses free and easy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rentalincomeexpense.com\/blog\/2021\/04\/21\/landlord-accounting-with-rentalincomeexpense\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Landlord Accounting with RentalIncomeExpense - 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