Glysten Books · Schedule E
Bookkeeping for Schedule E
If you own rentals in your own name, or through a single-member LLC, the IRS sees them on Schedule E: each property's rents, then its expenses line by line. Books kept in the same shape make that page a copy, not a translation.
Updated September 25, 2026
Early access. Glysten Books is taking on property owners a few at a time: ask to try it, and your first month is free.
What Schedule E asks for
Part I of Schedule E takes each rental property in its own column: rents received on line 3, then the expenses on lines 5 to 19, from advertising, auto and travel, and cleaning and maintenance, through insurance, management fees, mortgage interest, repairs, supplies, taxes and utilities, to depreciation and other expenses.
Categories named after the lines
A new rental's books in Glysten Books can start from a list of about fifteen categories named after the lines of Schedule E: Rents Received, then every expense line, 5 to 19, as the form names it. What you record through the year is already sorted the way the form asks.
One column per property
Give each building a class, and Profit & Loss by Class puts each property in a column of its own, the way Schedule E does. How to track expenses for each property.
Mortgage interest, not the whole payment
Schedule E wants the interest you paid, not the payment. From four numbers on the loan statement, each payment is split into principal and interest, and a correcting entry at each statement keeps the books matching the lender. How a mortgage payment is recorded.
What Glysten Books does not do
It does not fill in or file Schedule E: you, or whoever prepares your return, copy the totals across. For partnerships and S corporations it fills in Form 8825 with Form 1065 or 1120-S. Either way, have a tax professional review a return before it is filed.
Questions people ask
Does Glysten Books fill in Schedule E?
No. It keeps your rental books in the categories Schedule E asks for, one property at a time, so the totals copy straight across, but it does not fill in or file Schedule E. For partnerships and S corporations it fills in Form 8825 with Form 1065 or 1120-S. Have a tax professional review any return before you file it.
How do I get Glysten Books?
Glysten Books is in early access. Ask to try it with the form on this page, and we will open an account for you and write to you when it is ready. The hosted service runs in your web browser, so there is nothing to install.
What does Glysten Books cost?
Your first month is free, for one set of books (one business or LLC) with up to four bank accounts. The AI assistant is not part of the free month, and no card is needed to start. After that it is one price per portfolio, not per person. Prices are published before anyone is charged, and nobody is charged without seeing the price first.
Does it connect to my bank?
Live bank connections open once our bank-data partner approves Glysten Books, which is under way. Until then, import the transaction download your bank offers (a CSV file), or upload bank, card and mortgage statements, which it reads and reconciles against. Either way, nothing reaches your books until you approve it.
Can I bring my books from QuickBooks?
Yes. Bring your QuickBooks export and set-up reads it, then checks the result against QuickBooks' own trial balance, so you can see the move came out right before anything is written.
Is my financial data safe?
Sign-in takes a second step: a code sent by email or from an authenticator app. Each customer's books are kept apart from every other customer's in the database itself, and each person sees only the books they are given. Hosted books are kept in the United States, every change is logged, and you can export everything at any time.
Who makes Glysten Books?
Glysten Technologies, LLC, in Portland, Oregon. Glysten Books was built by a landlord for landlords, and it keeps the books for its founder's own rental properties.