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#18372 - 12/21/06 07:52 AM
Keeping track of expenses
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Veteran Member
Registered: 08/29/05
Posts: 751
Loc: Florida
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I just closed on my first few deals! They all came in during the same week! I would like your suggestions on the software you use for keeping track of expenses & numbers in general.
I look forward to getting more deals going.
Thank you.
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#18373 - 12/21/06 08:21 PM
Re: Keeping track of expenses
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Major Contributor
Registered: 09/01/06
Posts: 2834
Loc: upstate New York
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I track numbers using spreadsheets, one for expenses and another for income.
On the expense one I have columns for date, method of payment (check number, credit card or cash) and various types of expenses (office, advertising, dues, etc.) It is set up to provide totals at the top rather than the bottom of the columns, with the headers locked the totals are always in view even when entries are well down the page.
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#18376 - 12/22/06 02:11 PM
Re: Keeping track of expenses
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Veteran Member
Registered: 12/03/05
Posts: 692
Loc: South Central Kansas
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Quickbooks Pro here
_________________________
Roy J Foster, KS Lic #BR0039462 R J Foster & Assoc., LLC Cert. A*REO Agent Cert. FHA Inspector ID G551 Cert. FHA 203K Consultant ID D0631 Cert. FHA LBP Maintenance Supvr ID 7534 Cert. Vendor Resource Management REO Specialist 316-771-7419 http://www.investment-properties.org"I am only as strong as the coffee I drink and the hairspray I use."
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#345740 - 07/29/10 05:30 AM
Re: Keeping track of expenses
[Re: Mr. Foreclosure]
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Junior Member
Registered: 07/27/10
Posts: 5
Loc: VA
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Can you please PM me a copy of your Excel spreadsheet used to track your income and expenses..
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#345961 - 07/30/10 10:23 AM
Re: Keeping track of expenses
[Re: pglover19]
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Member
Registered: 04/28/10
Posts: 35
Loc: Indianapolis, IN
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I agree w/ posters who recommend the use of spreadsheets. Since I'm always in possession of Microsoft Office anyway, using it to track expenses makes sense and saves me from having to invest in a separate product. Plus, since the data can be exported into tables it can always be imported into any software I might buy in the future, assuming such software comes with the capability to import data as such.
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#346011 - 07/30/10 05:51 PM
Re: Keeping track of expenses
[Re: super realtor]
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Junior Member
Registered: 07/27/10
Posts: 5
Loc: VA
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Can someone please PM me an example of an Expense/Income spreadsheet that you are using....
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#350742 - 09/08/10 01:34 PM
Re: Keeping track of expenses
[Re: pglover19]
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Member
Registered: 07/30/08
Posts: 55
Loc: TX
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Quickbooks is great and can keep you right on track with what you are earning/spending. When you don't see this, it can sneak up on you, so good move on getting organized.
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#350900 - 09/09/10 11:42 PM
Re: Keeping track of expenses
[Re: Brent Mitchell]
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Major Contributor
Registered: 01/27/07
Posts: 2779
Loc: LAND OF THE FREE!
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i write everything on post it notes and keep them filed on my wall.
jsut kidding...
quickbooks and a business creditcard makes it easy...all purchases for business are on one card..all checks written are from one acct...seperate yoru busines from your personal...it really helps...make sure ot put money away for taxes too....i put away 20percent of all incoming checks for taxes...jsut made that a habbit...i dont take anything from that acct except for when i get robbed.
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Registered: 09/16/05
Posts: 431
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