Bookkeeping Services for Landlords

Effortless Financial Management for Rental Property Owners

Owning rental properties comes with a unique set of financial challenges—from tracking rent payments to managing maintenance costs and tax reporting. At Sheldon Bookkeeping, we specialize in helping landlords maintain organized, accurate, and compliant financial records, with seamless QuickBooks Online integration to make property management easier.

Why Landlords Need Professional Bookkeeping

Managing rental income and expenses requires more than just keeping receipts. Proper bookkeeping helps landlords:

  • Track Rental Income & Expenses – Ensure cash flow stays organized and tax-ready.
  • Manage Tenant Payments & Security Deposits – Keep detailed records for lease agreements, payment schedules, and deposit returns.
  • Optimize Tax Deductions – Maximize deductions for property maintenance, mortgage interest, and depreciation.
  • Automate Accounts Payable – Ensure timely payments to vendors, contractors, and service providers.

Our Bookkeeping Services for Landlords

We provide comprehensive bookkeeping solutions, tailored to landlords and property owners:

  1. Rental Income & Expense Tracking
    • Record rent payments and deposits accurately.
    • Track recurring expenses like maintenance, utilities, and property management fees.
  2. QuickBooks Online Setup & Integration
    • Custom QuickBooks Configuration for Landlords
    • Sync rental income and expenses directly into QuickBooks.
    • Integrate tenant payment platforms for seamless tracking.
  3. Tenant Payments & Security Deposit Management
    • Set up automatic reminders for rent collection and overdue payments.
    • Track security deposits separately for compliance and proper fund management.
    • Ensure refunds and deductions are correctly accounted for upon lease termination.
  4. Accounts Payable & Vendor Payment Automation
    • Manage payments for repairs, maintenance, landscaping, and contractor services.
    • Track invoices and due dates to avoid late fees and missed payments.
    • Sync vendor transactions directly into QuickBooks for seamless cash flow tracking.
  5. Lease & Financial Documentation Management
    • Organize lease terms, rent schedules, and property-related contracts.
    • Ensure financial reports reflect property profitability and legal obligations.
  6. Tax Preparation & Compliance
    • Ensure accurate tax documentation, including Schedule E for rental income.
    • Identify deductions such as property depreciation, mortgage interest, and repairs.
  7. Profit & Loss Reporting
    • Generate detailed financial reports to monitor rental property profitability.
    • Track multiple properties in one centralized bookkeeping system.

How Sheldon Bookkeeping Supports Landlords

Managing rental properties is time-consuming—we take the bookkeeping off your plate, ensuring accuracy, automation, and compliance. With QuickBooks Online setup, tenant payment tracking, security deposit management, and automated accounts payable solutions, we help landlords maintain smooth financial operations without the hassle.

Get Started Today

Want simplified, organized bookkeeping for your rental properties? Contact Sheldon Bookkeeping today for a consultation, and let us help you manage your finances while maximizing tax savings.