QuickBooks is powerful general-purpose accounting software — but it has no T776 mapping, no Interac detection, no tenant management, and no rent receipt generation. Canadian landlords end up paying for features they don't need and building workarounds for the ones they do.
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QuickBooks is excellent software for small businesses — retail stores, freelancers, trades. But a rental property isn't a business in the same way, and the CRA knows it. You file a T776, not a T2125. Your "customers" are tenants. Your "revenue" is rent collected by Interac. Your "expenses" map to specific CRA line numbers, not generic business categories.
QuickBooks won't map expenses to T776 lines for you. It won't detect an Interac e-transfer. It won't generate a rent receipt. It won't track which tenant owes what. You end up building all of this on the side — usually in a spreadsheet — which defeats the point.
Estate Ledger does all of it, purpose-built for Canadian landlords, at a lower price.
| Feature | QuickBooks | Estate Ledger |
|---|---|---|
| Built for landlords | No — general accounting | Yes — landlord-specific |
| CRA T776 line mapping | Manual — you map categories | Automatic — all year long |
| Interac e-transfer detection | No | Yes |
| Tenant management | No | Yes |
| Rent receipts | No | Yes — auto-generated |
| Rent status tracking | No | Yes — per tenant, per period |
| Utility bill auto-import | No | Yes |
| Mortgage tracker | Manual entries only | Yes — Canadian math built in |
| Price | $35–75+/month | $39/month — everything included |
| Data stored in Canada | No | Yes |
Purpose-built for Canadian rental properties — not general accounting retrofitted for landlords.
QuickBooks' higher tiers ($65–75+/month) add payroll and multi-user features landlords don't need. Estate Ledger includes every landlord feature at one flat rate.
60-day free trial. No credit card. We'll help you get set up — data import included.
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