Company finances and trust bookkeeping are two entirely different sets of books—each requiring specialized features to stay accurate, current, operationally useful, and compliant with legal requirements.

For example, QuickBooks doesn’t have built-in trust accounting, while property management (PM) software does. Trying to force trust bookkeeping into QBO requires a highly complex setup and still makes it difficult to meet trust compliance standards or pass audits.

QBO also lacks essential PM tools like rental applications, lease-level ledgers, task management, online tenant portals, and other workflow-driven features.

On the other hand, PM software is heavily focused on trust compliance and property management workflows—meaning it misses many critical features needed for running the business side of a company.

QuickBooks offers far stronger business functionality, including reliable bank and credit card feed integrations with automated transaction coding, comprehensive financial reporting, accounts payable tracking (especially reimbursables), inventory tools, payroll, and more. PM software simply doesn’t match that flexibility.

To add to this, trying to bunch all your chart of accounts in one place can make things messy and confusing as well. A business chart of accounts is completely different from the chart of accounts for property operations.

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