Posted by Kent C on August 14, 2002 at 01:59:58:
Be warned that aside from software to track expenses, the IRS upon an audit will request a “hand written log”. Upon my audit, it was THE requested item for court (ya, I took 'em to court and won). It also was the ONLY item never questioned.
I am not a large corp, but neither, as yet, are you. I recommend the handwritten log, as well as software to track and manipulate data for your own evaluations. The banks will only want the software manipulations of course. Software makes it easier to transfer to an Asset and Income Sheet.
I have seen a few online Management Programs for around $500 that were quite good. I myself use an Excel sheet for each house, I grew from scratch over the years. I cant see myself needing anything more automated until I have perhaps over 50 units.