My accountant loves it and it saves me hours of manual entry. While it lacks the sophistication of a double-entry system, Stessa has come up with innovative ways to simulate certain aspects of a double-entry system through features like a derived Balance Sheet report using user provided asset values and debt information.
This was an intentional design decision, however, as this software is geared to be more user friendly for the average rental owner. While other property management software may offer expense tracking or basic accounting features, Stessa’s exclusive focus on the financial aspect of rental property ownership allows them to offer a far more robust feature set and innovate at a faster clip.Īs a single-entry accounting system, it comes with all the drawbacks associated with that method of accounting (no cross-checking, greater potential for error, no tracking of real accounts, etc.). Stessa not only allows me to automate the majority of my bookkeeping, but the real time reporting functionality allows me to monitor the performance of my assets and catch anamolys much quicker. Far too many colleagues of mine are still either using overly complicated general accounting software, or worse, tracking everything manually in Excel. Stessa offers the most intuitive, purpose-built rental property financial software that I’ve come across. Stessa is a game changer for the independent rental owner. I lump them under the Management fees section." icon "There are no options for assigning HOA fees in the “money going out” category.Have to jump through some hoops to account for sold properties." icon "New product that is still missing some features.icon "It makes me a little bit nervous connecting my financial institutions to the website in light of all the hacking going on these days.".icon "Ease of use, integration with current banking systems, and focus on real estate investors.".icon "I love the ease of use and ability to connect to my business checking account as well as my business credit card.".When I had an issue, it was resolved immediately so customer service is top notch as well." icon "This free software from Stessa works wonderfully for tracking expenses.Read what people like you have said about using Stessa software through verified user reviews User Review Highlights 4.78ĥ8 Reviews 5 51 4 4 3 2 2 0 1 1 4.5 Ease-of-use out of 5 5 Customer Support out of 5 5 Value for money out of 5 4.5 Functionality out of 5 Stessa Software Reviews What are Stessa users saying about the software?