QuickBooks Property Management Software
The short answer is yes and the long answer is no. If you have a handful of units, QuickBooks might serve it's purpose. Once you start expanding your rental portfolio, things start to get complicated...and expensive. Each property or LLC in QuickBooks is considered another QB (QuickBooks) license. That means if you have 10 properties under 10 LLCs, you will need to pay for 10 licenses.
Since QuickBooks Online wasn't really built for property management, some things are not possible or will require time-consuming workarounds. For example, if you need to pay a plumber for fixing 10 properties, you will need to spend 1-2 minutes per property printing a check. In DoorLoop for example, you can print all 10 checks in 1 click.
QuickBooks however is still great for managing your company's accounting like your employees payroll and taxes or company overhead. DoorLoop is great for managing your property accounting. If you want the best of both worlds (and most accountants do), then simply sync DoorLoop with QuickBooks Online. Easy!
Every feature you ever wanted, and more.
Sync all of your data from DoorLoop to QuickBooks in seconds with just one click.
Keep your accountants happy and make tax season a breeze by exporting any report to Excel, syncing with QuickBooks, and inviting your accountant for free.
Pull, categorize, and reconcile transactions from your bank or credit card with bank sync powered by Plaid.
Say goodbye to double data entry. Data is mapped as closely as possible between DoorLoop and QuickBooks for seamless one-click sync.
All major cards
Make it easy to collect rent online by accepting all major debit or credit cards.
DoorLoop syncs with QuickBooks Online.
Yes, the sync between DoorLoop and QuickBooks is one-way. Any transaction within DoorLoop will be copied over to QuickBooks, and only within one company (so you can’t do two books on DoorLoop and route over to two books on QuickBooks; the sync is one-to-one).
Nope! Everything is already pre-mapped for you. For example: each "property" in DoorLoop is created as a "customer" in Quickbooks. All DoorLoop leases are then added as "sub-customers (jobs)" for the property. We also sync DoorLoop "properties" to Quickbooks as "classes."
We do this by setting a “Start Date” for transactions to be synced over. This is done so that DoorLoop doesn’t double-sync historical information that may already exist in your Quickbooks account.
"I used to use Excel and QuickBooks, but found that DoorLoop was actually more cost efficient. I used to pay for multiple accounts in QuickBooks for each property, and now I don't have to. Their accounting is also just as robust so it was an easy decision."
Ask us as many questions as you like to see if we are the right fit.