Real Estate Accounting

The Real Estate Commission for most states have very specific accounting requirements, as documented in each states Real Estate Rules and Regulations.  Is your company compliant with:

  • – Monthly 3-Way Reconciliation (Colorado requirement).
  • – Trust or Escrow Accounts.
  • – The proper separation of accounts and number of accounts.
  • – The proper Journal Entries and Ledger entries.
  • – Commingling.

Our services provide you:

Real Estate Brokers

  • Monthly 3-Way Reconciliation.
  • Clear, accurate picture of the financial status of your business, broken down by profit and loss areas so you can make informed decisions about your business.
  • Detailed breakdown of the spending for each area of your business.
    • Advertising costs by source.
    • Overhead costs (facilities, utilities, etc).
    • Clear picture of fixed costs versus discretionary costs.
    • Clear breakdown of income and expenses for each agent, making year-end 1099 generation quick and easy.
    • What income and expenses are related to working with Buyer versus Sellers.
    • Detailed Escrow and Trust Account reports, clearly identifying all transactions and who the monies are being held or accounted for.
    • Customization for any area of the business you’d like to track and/or have more detailed information on.

Property Managers

    • Monthly 3-Way Reconciliation.
    • Clear, accurate picture of the financial status of your business, broken down by profit and loss areas so you can make informed decisions about your business.
    • Detailed breakdown of the spending for each area of your business
      • Advertising costs by source.
      • Overhead costs (facilities, utilities, etc).
      • Clear picture of fixed costs versus discretionary costs.
      • Clear breakdown of income and expenses for each agent, making year-end 1099 generation quick and easy.
      • Detailed property and owner (in the case of an owner having multiple properties being managed) reports, clearly showing income, expenses and escrow account status, as well as rents collected and/or past due.
      • Customization for any area of the business you’d like to track and/or have more detailed information on.

What would it mean for your business to have your own Bookkeeper “on-staff” that ensured your Client Trust Accounting was always up-to-date and accurate, at an affordable price!  And remember, you can hire us for just the number of hours you need each week or month.

Give us a call today and get a quote for your specific Real Estate Accounting needs!