Similarly, the user interface for QuickBooks is not designed for individuals to be managing numerous separate accounts. When setting up spreadsheets this means having a separate sheet for each property and this can quickly get out of hand. The result is that the finances for each property almost need to almost be treated as independent businesses. Essentially, when tracking your income and expenses for your rentals you need to keep your finances for each property separate, ideally on a unit by unit basis. The same issues that make spreadsheets unsuitable for rental portfolios also make QuickBooks a challenge to use for rental properties. QuickBooks is primarily designed for small to mid-sized businesses. ![]() ![]() The long answer though is that it’s not quite so simple.
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