Bookkeeping for real estate agents.

What Makes Agent Books Different

Four things that come up with real estate clients.

• Commission splits. The check from the title company is not your income. We break out the broker's portion from your commission so your books show what you actually earned, not what passed through.
• Nothing is withheld. No employer is setting money aside for you. Your books need to show what is really yours before you spend it.
• Expenses come from everywhere. Signage, staging, mileage, lockboxes, client gifts, MLS and association dues. They are small, constant, and easy to lose track of.
• Rental property. If you hold rentals in the same LLC as your agent business, it all lives in one set of books. If it is a separate entity, it stays separate. Either way it needs to be handled deliberately.

We wrote about why commission income is different from a paycheck in more detail on the blog: Bookkeeping for Real Estate Agents.

What We Handle

Everything in our standard monthly bookkeeping, plus the work specific to agents.

• Breaking out commission splits between the brokerage and you
• Tracking the expenses that come with the job, from mileage to MLS dues
• Monthly categorization and reconciliation
• Accounts payable and accounts receivable
• Rental property books, whether they sit in the same entity or a separate one
• Payroll if you have a team, including 1099 and W-2 preparation
• Monthly reports so you can see where you actually stand
• Clean-up and catch-up for books that have drifted or fallen behind
• Tax-ready books prepared for your CPA at year-end

Your CPA calculates your quarterly estimated taxes when they prepare your return. Our job is making sure the numbers they work from are right.

Pricing

Real estate work is priced off the same structure as everything else, based on transaction volume and which services you need.

The pricing page lists every service and what it costs. If your situation has something unusual in it, the fastest answer is a short call.