Property Management Module for QuickBooks

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.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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