Accounting Software...Mobile Home Parks...Intuit QuickBooks...1099 Forms...3 Easy Steps To File 1099...Thanks!

Question - For Mobile Home Park Owners:

  • What do you use for your Accounting Software?
  • Do you use Intuit QuickBooks?
  • IF yes, what are the pros and cons of Intuit QuickBooks?
  • Have you used the Intuit QuickBooks 1099 Service (3 Easy Steps to file 1099 - Screen Shot below)?
  • If you have used the 1099 Service, what are the pros and cons?
  • IF you do not use QuickBooks, what do you use?

Thanks in advance for all your help!

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I like and use QB, but I avoid Intuits other services which always seem overpriced. I have used this service for 1099’s for several years and it’s been good. Also quite inexpensive:

Don’t know how it compares with what Intuit offers but interested to hear what you think after comparing.

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Me too. I use Efile Magic for 1099’s.

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Also use QB too, but use TurboTax Business for the 1099’s since we also use the software for our taxes. It didn’t offer e-file for 1099’s for this last tax year (have to mail paper copies) - but I usually have fewer than ten 1099’s per year so I don’t mind.

This also doesn’t have any limitations on the number of 1099’s you can issue, which seems like a ridiculous feature from Intuit’s service.

I also don’t like putting this type info up “in the Cloud” and keep it local. But that’s another discussion. :wink:

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Hi Kristin,

We use Quickbooks Essentials ($375 per year) for our Accounting Software. The pros are easy to use, affordable, online verson pushes out software updates regularly, help menu is actually helpful, every CPA on the planet is familiar with QB, easy to share information with your tax accountant and the import tools, although pretty basic, work just fine. The cons; there is a big gap between the basic and essentials packages’ functionality which I find obnoxious, You really can’t customize the forms or screens very much at all and it’s not geared towards the multi-family market segment so it’s not going to have the bells and whistles that a Rent Manager would have.

I did use the 1099 Service this year and liked it. Super easy and inexpensive. $4 per vendor and I don’t have to pay for postage, forms, envelope, etc. All you need to do is check the 1099 vendor box and your transactions will flow to your 1099 report.

Some other things we like are; the bank feed feature is nice and you can link to your bank accounts, credit cards, home depot cards, etc. The recurring transactions are handy and speeds up invoicing and bill pay. We use merchant services to accept credit cards and bank transfers which can be linked from your invoice (which gets emailed to tenants). We use it to bill back water and sewer. We track usage in a spreadsheet and then plug in the amount in their invoice. It’s not the niftiest solution but it works.

I currently still work as an IT Consultant and manage Software Implementations. We have customers that have $100M in gross revenues and still use Quickbooks for their Accounting Software. Very few of us on this forum are going to truly “outgrow” Quickbooks. That being said, I’ve seen some great functionality from more expensive products that interests me.

Best!
Jon

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Wow, a Big “Thank You” to all those who posted! We greatly appreciate it!

@jaydub , thank you so very much for your post!

@Brandon , thank you so very much for your post!

@jhutson , thank you so very much for your post!

@jo13nathan , thank you so very much for your post!

Thank you all for all your knowledge and information!

One of my prior careers was finding bugs in Computer Software (Computer Software Quality Assurance).

Thus, I tend to like tried and true software :-).

All Computer Software will have some type of bugs (as it is created by people and we all make mistakes).

However, the larger the Company, the more money the Company has, the more Customers and the longer the Software has been around (to have time to remove major bugs), the better the Computer Software.

@jaydub , @Brandon , @jhutson , and @jo13nathan , thank you all again for each of your comments! We so greatly appreciate it!

We wish you the very best!