8 Best Accounting Software For Flipping Houses (2024)

Upfront Conclusion

The best accounting software for flipping houses right now is TurboCASH and FlipperForce.

When a process has the potential for significantly lucrative results, like flipping houses does, it’s especially important to maintain efficient accounting standards. Knowing exactly what’s going on with your finances at all times is essential for staying on top of things – especially the hidden costs that can soon add up. Whether you’re pursuing house flipping for a full-income or side project, expense tracking is tantamount to the success of your endeavours. As a relatively independent project you may feel inclined to simply input your costs into spreadsheets, but this is liable to become a hugely time-consuming task in the long run.

By choosing one of the accounting options below, you’re actively working to optimize the financial potential of your business.

Top 8 Best Accounting Software For Flipping Houses

TurboCASH – Best Software for Affordability
FlipperForce – Best Software for New House Flippers
House Flipping Spreadsheet – Best Software for Introductory Accounting
Quickbooks – Best Software for All-Round Accounting
Buildium – Best Software for Flipping Multiple Properties
Jonas Premier – Best Software for Saving Time
Realtyzam – Best Software for Affordable Tax Consolidation
TurboCASH – Best Software for Affordability

1. TurboCASH – Best Software for Affordability

Best Accounting Software For Flipping Houses

PRICING: Free plan with limited features, or $60 yearly flat rate.

Developed in South Africa since 1985, TurboCASH knows its client base. It’s consistently reviewed as a dependable product offered at a very reasonable price, making TurboCASH is a software suitable for accounting novices and professionals alike.

KEY FEATURES:

Budget forecasting
Multi-currency
Centralised dashboard

REASONS TO BUY:

Affordability
Cloud-based
Reliable

REASONS TO AVOID:

Small but frequent software bugs

2. FlipperForce – Best Software for New House Flippers

PRICING: Plans from $33/month.

FlipperForce includes a wide range of features specially designed for house flipping. Their Flip Analyzer and Repair Estimator tools are impressive additions to an already solid accounting solution – helping you accurately calculate ongoing expenses and what they mean for your final sale.

KEY FEATURES:

Flip Analyzer – calculates appropriate selling price based on purchase and renovation costs
Clear presentation of data
Budgeting assistance

REASONS TO BUY:

Helpful tutorials
Curated to house flipping needs

REASONS TO AVOID:

No mobile app

3. House Flipping Spreadsheet – Best Software for Introductory Accounting

PRICING: Free version available, premium plan with a one-off payment of $127

Built with the real estate industry in mind, House Flipping Spreadsheet delivers the fundamentals in tracking financials throughout the house flipping process.

KEY FEATURES:

Customised finance reports
Repair cost calculator
Categorises expenses

REASONS TO BUY:

Understands its client base
Expansive functionality

REASONS TO AVOID:

Glitchy

4. Quickbooks – Best Software for All-Round Accounting

PRICING: Plans from $60/month.

An accounting go-to across a range of industries, the various Quickbooks products by Intuit offer comprehensive bookkeeping solutions to most businesses.

KEY FEATURES:

Distinct tracking for each expense and profit: materials, labor, rental prices
1099 generation

REASONS TO BUY:

Covers accounting fundamentals
Good customer support

REASONS TO AVOID:

Not industry-specific
Requires customisation

5. Buildium – Best Software for Flipping Multiple Properties

PRICING: From $47/month per unit

Buildium is a property management system capable of managing up to 5000 buildings. On top of property documents such as rental forms, it offers quality accounting tools.

KEY FEATURES:

Tax filing
Syncs with bank accounts
Tracks rent payments

REASONS TO BUY:

Puts PMS and accounting in one place
Scalable

REASONS TO AVOID:

Expensive

6. Jonas Premier – Best Software for Saving Time

PRICING: Free 30-day trial, $199/month.

Catered to smaller businesses and freelancers, Jonas Premier has a community feel to it that makes it a secure solution for accounting and house flip beginners. Their customer service is friendly and offers helpful advice.

KEY FEATURES:

Syncs with bank accounts to maintain financial consistency
Sends project reports to investors
Contract writing

REASONS TO BUY:

Streamlines the most complex tasks
Efficient and stress-free

REASONS TO AVOID:

Visually clunky interface

7. Realtyzam – Best Software for Affordable Tax Consolidation

PRICING: From $12/month when committing to annual subscription.

At its very competitive starting price, Realtyzam is the accounting software of choice for those on a budget, or anyone looking to test software on the cheap before committing to something more premium.

KEY FEATURES:

Sync with credit card statements
Tax consolidation
CRM tools

REASONS TO BUY:

Value for money
Designed around tax year and regulations

REASONS TO AVOID:

No PMS tools
Lacks invoicing feature

Frequently Asked Questions

Does house flipping require dedicated accounting software?

You can of course carry out your house flipping project without using dedicated software to complete your bookkeeping, but utilising one could have a transformative impact on your business.

Given the number of affordable and tailored options available, it makes sense for you in the long-run to invest in accounting software.

Does the software I choose need to do it all?

As demonstrated above, many software solutions on the market are often geared towards a particular branch of accounting; like tax consolidation or expense tracking. It’s possible to choose something that does everything to a sufficient standard, but it might make more sense for you to identify the tasks you struggle most with and pick software accordingly. For example, if it’s calculating the best selling price for your property based on the initial value and subsequent renovations, then FlipperForce is the product for you.

Whatever your demands, there are enough options out there to have you covered.