Maintaining accurate financial records is a vital part of any successful property management or real estate business. Keeping track of expenses, payments, and revenues can be challenging without an effective accounting software solution. Fortunately, there are multiple options that can help you take control of your bookkeeping needs. Let's take a look at 5 of the best accounting software options for property management and real estate businesses.
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NetSuite is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.
- Invoicing
- Financial management
- Inventory management
- Order management
- Project management
- Unified platform for financial, inventory, and order management
- Comprehensive reporting and analytics
- Flexible customization and scalability
- Higher pricing for advanced features and customization
- Steep learning curve for some users
- Limited customer support options
Pricing for NetSuite starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
- Salesforce
- Expensify
- Dropbox
Odoo is an open-source accounting software that includes features such as invoicing, expense tracking, and inventory management. It is primarily aimed at small businesses and includes various other business tools.
- Invoicing
- Invoicing
- Expense tracking
- Inventory management
- Financial reporting
- Open-source platform with modular design for customization
- Comprehensive financial and project management
- Advanced CRM and eCommerce capabilities
- Steep learning curve for some users
- Limited customer support options
- Some users may find the interface too complex or cluttered
Pricing for Odoo starts at $31.10/month and moves up to $46.80/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$31.10/month
Pricing Plan 2:
$46.80/month
- Shopify
- Gmail
- FedEx
Wave is a free cloud-based accounting software that provides features such as invoicing, expense tracking, and accounting reports. It is primarily aimed at small businesses and freelancers.
- Invoicing
- Invoicing
- Expense tracking
- Accounting reports
- Credit card and bank account connections
- Completely free accounting software
- Easy receipt scanning and expense tracking
- Automated financial reports
- Limited features compared to other software options
- Some users may find the interface too simplistic or lacking in customization options
- Limited customer support options
Pricing for Wave starts at $0/month and moves up to $40/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$40/month
- Etsy
- Trello
- Dropbox
Sage 50 is desktop accounting software aimed at small to medium-sized businesses. It includes features such as payroll and job costing, along with various other accounting features.
- Invoicing
- Accounting and financial management
- Payroll
- Inventory management
- Job costing
- Comprehensive accounting and financial management
- Advanced payroll processing and reporting
- Efficient inventory management
- Limited cloud-based capabilities and mobile access
- Some users may find the interface too complex or outdated
- Higher pricing for additional users and advanced features
Pricing for Sage 50 starts at $28.90/month and moves up to $76.65/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$28.90/month
Pricing Plan 2:
$76.65/month
- Bill.com
- Salesforce
- Google Drive
Zoho Books is a cloud-based accounting software that provides features such as invoicing, expense tracking, and inventory management. It is aimed at small businesses and includes integrations with various other business tools.
- Invoicing
- Invoicing
- Expense tracking
- Inventory management
- Financial reporting
- User-friendly interface with customizable templates
- Robust inventory and project management
- Powerful bank reconciliation and payment processing
- Limited mobile app capabilities
- Some users may find the interface too cluttered or confusing
- Limited customization options for certain features
Pricing for Zoho Books starts at $0/month and moves up to $240/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$240/month
- Shopify
- Salesforce
- HubSpot
