Q: I’m transferring data from a Yardi DOS system temporarily to QuickBooks for a realty company with primarily property management data. I have been using QuickBooks for 15+ years and know its capabilities but can it handle Property Management or is there a separate module?

A: Our property management system, which utilizes QuickBooks, has been a successful alternative to the Yardi DOS system. Clients have found that the learning curve is much smoother and the system is cost-effective, intuitive, and user-friendly. Many of our clients who previously used Yardi have switched to QuickBooks Enterprise as it efficiently handles larger operations.

We not only provide setup, conversion, and integration services for Yardi but also for other property management software such as Appfolio, Buildium, Rentvine, and Tenant Pro, to QuickBooks. As a QuickBooks Solution Provider, we offer the lowest prices on Enterprise software and provide courses to customize it for property management.

QuickBooks is a versatile accounting software that can handle a variety of business needs, including property management. While there isn’t a specific module for property management, QuickBooks can be customized to meet the unique needs of a realty company.

One way to use QuickBooks for property management is to set up classes to track income and expenses for each property managed. You can also use customer and job tracking to associate tenants with specific properties and track rent payments and security deposits.

In addition, QuickBooks offers integrations with property management software that can help streamline tasks such as rent collection, lease tracking, and maintenance requests.

Overall, while there may be limitations to using QuickBooks for property management, it can still be a useful tool with some customization and integration with other software for smaller companies.