FOR PROPERTY OWNERS
One LLC per property. One place for the books.
You formed a separate LLC for each building to protect yourself. Your accounting shouldn’t punish you for it. FigureMatic keeps every entity’s books separate and shows you the whole portfolio at once.
Built around how you actually own property
Every entity, separate and together
Each LLC gets its own ledger, bank accounts and reports. Combined profit and loss and balance sheet reports show the whole portfolio without exporting anything.
Properties and units
Track income and expenses by property and unit, so you know which building is carrying the others.
Schedule E, ready when you are
Rental income and expenses roll up by property into a Schedule E report your tax preparer can work from.
Depreciation that posts itself
Add a building once. FigureMatic works out the depreciation and posts it every month, and records it properly when you sell.
Land and building split
Start from the county assessor’s numbers to split purchase price between land and building, then adjust if your appraisal says otherwise.
Money between your LLCs
Lend or move money from one entity to another and both sets of books update together. A daily check flags anything that doesn’t tie out.
The paperwork nobody enjoys
W-9s and 1099s
Keep vendor W-9s on file, see who crossed the 1099 threshold, and print the forms at year end.
Mileage
Import trips from MileIQ so driving to your properties is recorded against the right entity.
Bank statements in minutes
Import any bank’s CSV, set rules for the transactions you see every month, and reconcile in one screen.
Closed means closed
Close a period once it’s filed. Posted entries can’t be quietly edited; corrections are reversals you can see.
Need to manage tenants too?
FigureMatic is the accounting. If you also need property management tools, take a look at our sister product, ApartMatic.