Accounting
Property management accounting software, simplified
Ditch the spreadsheets and third-party apps. Save up to 20 hours a week with TenantCloud’s built-in rental accounting software—generate tax reports, record expenses, and track every penny, all online.
Real-time payment tracking and cash flow
Save $100s a year compared to third-party apps
Add multiple bank accounts
Landlord tax software with Schedule E & expense reports
- Online Rent Payments
- Maintenance Management
- Listings and Applications
- Enhanced Reporting
- Move In/Out Inspections
- Property Message Board
- Team Management & Tools
- Task Management
- User-Interface Customization
Prices exclude any applicable taxes.
FAQs
What is accounting software for property management?
Accounting software for landlords or property managers often includes specialized digital platforms to streamline financial tasks for rental businesses. These tasks include rent collection, expense tracking, and preparing financial reports. Designed to save time and replace spreadsheets, rental accounting software examples include: TenantCloud, TurboTenant, Buildium, and more.
How to reconcile bank accounts in property management accounting software?
Using an accounting software for landlords, reconciliation is easy and straightforward. Make sure you’ve connected your bank feeds to your accounting software, then use the reconciliation tool to match system transactions with those in your bank statements. From there, you can clear matched transactions and finalize to save the report.
Can you integrate property management computer software with accounting tools?
Yes, you can integrate property management software with certain accounting tools, depending on the platforms. However, there are challenges with data compatibility and reliability, especially with older accounting and landlord tax software.
How does property management software compare to QuickBooks?
Property management (PM) software offers a suite of tools that support the entire rental process, including leasing, payments, and maintenance—plus accounting. QuickBooks is a powerful software that only offers general accounting. While general accounting software can be suitable for DIY landlords and small portfolios, landlords may have better results with a property management accounting software.
Key comparisons:
- Functionality: PM software offers leasing, listing, maintenance, and reporting. QuickBooks offers general accounting basics.
- Cost: QuickBooks may seem more affordable on the surface, but doing manual property management work may not be worth the cost savings compared to using a property management platform with built-in rental accounting and landlord tax software.
- High-level Accounting: QuickBooks may be best for small landlords who need high-level accounting and less property management. But overall, many landlords find more use cases for having a property management accounting software to meet their specific business needs.
What rental accounting software do landlords use?
Landlords use a variety of property management accounting software to track expenses and payments. Popular choices include TenantCloud, TurboTenant, Stessa, Buildium, or Hemlane. General tools like QuickBooks are also common choices for higher-level accounting.
While some landlords use both a property management accounting software and a basic accounting software to cover their needs, most landlords prefer one or the other.
What is the best accounting software for property management?
There isn’t a single best accounting software for landlords; it depends on your needs and portfolio size. Many property managers use traditional accounting tools like QuickBooks, which offer robust bookkeeping features and customizable reporting. Others prefer property management software with built-in accounting, such as TenantCloud. The best option depends on your rental business and what you’re looking to improve.