Bookkeeping & Accounting Archives

rental income worksheets on a laptop screen

Say Goodbye to Rental Income Worksheets

Rental income worksheets in Google Sheets, Microsoft Excel, and Numbers are popular for new landlords. Templates for tracking rental income and expenses make setup faster

Are Accounting Fees Tax Deductible?

When starting your investment journey, you’ve probably wondered at one time or another, “Are accounting fees tax deductible?” They are! When filing taxes, rental property

Asset Class Life and Recovery Period Reference Sheet

Before rental property owners can calculate their depreciation for the year, they must determine an asset’s class life and recovery period, which are set by the IRS. We’ve put together a table showing common rental property assets and improvements along with their expected lifespans and recovery periods for you to use as a quick-reference guide!

Hiring a Bookkeeper for Your Rental Property Business

You’ve decided it is time to get a bookkeeper for your rental property business – but do you know where to start? It can be a lot to think about, so we’ve put together a guide to hiring bookkeepers for rental property owners.