QuickBooks Online
Why QuickBooks Online is the Premier Accounting Software for Real Estate Investors
QuickBooks Online is the industry leader in accounting software, offering unmatched functionality and accessibility. For real estate investors, QBO provides a seamless platform to track income, expenses, assets, and liabilities across multiple properties and investment strategies.
Whether you’re involved in fix-and-flip projects, rental property management, or land contract sales, QBO has the tools to manage your finances with precision.
Tracking Unique Real Estate Transactions
Real estate investment involves a variety of creative financial transactions that require specialized bookkeeping, including:
- Rental Income & Expenses – Track rent payments, property management fees, maintenance costs, and utilities.
- Fix-and-Flip Project Costs – Monitor renovation budgets, contractor payments, and material expenses.
- Land Contract Sales – Keep records of buyer payments, interest income, and property balances.
- Depreciation & Asset Management – Maintain accurate records of property depreciation for tax deductions.
- Mortgage & Loan Tracking – Record principal and interest payments while reconciling loan balances.
By using QBO, we ensure that each of these transactions is properly categorized and recorded, providing real estate investors with clear financial insights.
The Advantages of Maintaining Organized and Reconciled Books
One of the key benefits of working with Arch Bookkeeping Services is having monthly reconciled financial reports. These reports are essential for:
- Partner & Investor Relations – Providing financial transparency to business partners and co-investors.
- Mortgage & Lender Compliance – Ensuring financial records meet the requirements of banks and mortgage companies.
- Tax Preparation & IRS Compliance – Keeping all records in order for seamless tax filings and potential audits.
- Cash Flow Management – Understanding income and expenses to make informed investment decisions.
Keeping Your Books IRS Compliant
Tax season can be overwhelming for real estate investors, especially when dealing with multiple properties and complex transactions. At Arch Bookkeeping Services, we use QuickBooks Online to ensure compliance with IRS regulations by:
- Categorizing deductible expenses correctly to maximize tax benefits.
- Generating profit and loss statements to support tax filings.
- Tracking capital expenditures and depreciation for accurate tax reporting.
- Providing 1099 reporting for contractors and service providers.
With our expertise, real estate investors can confidently file their taxes, knowing their financial records are in perfect order.
Partner with Us
We take the stress out of bookkeeping so you can focus on growing your real estate portfolio.
With QuickBooks Online as our exclusive accounting software, we provide real estate investors with accurate financial tracking, compliance assurance, and strategic insights for success.
You can get started with QuickBooks Online with the “Simple Start” plan to get the feel how QBO works as well as sync with your Checking and Credit Card accounts. If you have 2 or more properties, you will want to upgrade to the “Plus” account and add “classes”. Here’s why:
- QuickBooks Online Plus: Allows you to track income and expenses by different revenue streams or business segments using classes.
- QuickBooks Online Advanced: Also includes the ability to use classes for tracking and offers additional features for managing complex businesses.
With either of these two plans, we can turn on class tracking and assign classes to transactions to gain deeper insights into your business’s performance.