Yardi vs. AppFolio vs. QuickBooks: Which Is Best for Your Business?

Finding the right management and accounting software is crucial if you are in the real estate investment and property management business. When many company owners think about business management and accounting software, the name QuickBooks comes to mind. One of the most popular options on the market, it can streamline a lot of tasks, ranging from accounting and expense management to budgeting and payroll.

As a real estate professional, you can benefit from considering options designed specifically for your field. Two of the best and most popular ones currently available are Yardi and AppFolio. Take a look at the features of all three of these software suites to see which one is the best for your real estate accounting and management duties.

A Quick Look at QuickBooks

QuickBooks is one of the top software suites for business management and accounting. Its benefits include:

• Many efficiency-increasing tools that are fully integrated

• Simple to use

• Continually being improved

• An optional automated backup service

A Quick Look at Yardi

The Yardi accountant software suite is among the most popular with today's real estate professionals. It can automate your real estate management business. Key benefits of Yardi include:

• Smart performance measurement

• Smart analytics

• Full transparency

• Help for developing well-informed investment strategies

A Quick Look at AppFolio

The AppFolio accountant and management software solution is another popular option among real estate professionals. This cloud-based software suite offers benefits that include:

• Specifically created to make property management easier

• Help with tenant screening

• Key features like task management, automated late fees, data migration, revenue management, and bulk tenant charges

• Especially good for smaller property management portfolios

Which Software Suite Is the Best for Today's Real Estate Businesses?

All three of these suites offer a lot for today's real estate professionals. QuickBooks is always an excellent accounting option and works well for tracking transaction types. It is also useful for today's property managers whose accounting requirements include payments to owners.

Real estate professionals who want to choose a software suite designed specifically for their field will do well with both Yardi and AppFolio. Which one is the better option? That depends on the scope of your business.

The user-friendly functionality and features included with AppFolio make it a great choice for smaller portfolios. Property managers who work with portfolios of more than 1,000 units often find Yardi to be a more cost-effective option.

Here at Quick Accounting Solution, our team is well versed in QuickBooks. We are also the Yardi Accountant and AppFolio Accountant specialists you can rely on for both of these dynamic software suites. Contact us today to find out more about the service options we can offer to implement accounting and management processes that can take your real estate business to the next level.