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  • Profile photo of Scott LScott L
    Member
    @scott-l
    Join Date: 2004
    Post Count: 1

    What type of accounting software should I use to manage my investment property? I was thinking about Quicken Personal Plus is this adequate? I also have some shares.

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Hi Scott,

    There is no definitive answer to the question – it is a case of what works for you and meets the ATO requirements of a good records.

    For me (and my accountant) a simple excel spreadsheet for each property does the job.

    Ultimately it doesn’t matter how good the software is, if you don’t have good book keeping practices then you will quickly come unstuck.

    Derek
    [email protected]

    Property Investment Support Available. Ongoing and never stopping. PM welcome.

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