Scope of Work & Integrations. Real Estate is broad — it spans Rental Property Owners, Property Management Companies, Fix & Flip Investors, Real Estate Agents/Brokers, and Commercial Real Estate.
Comprehensive bookkeeping tasks designed specifically for your real estate operations.
Rent, commissions, and operational expenses from bank & payment gateways sorted into correct accounts.
Monthly bank and credit card reconciliation ensuring zero discrepancies.
Invoicing, vendor bills, payment tracking, aging reports.
Employee payroll bookkeeping plus 1099 contractor payment tracking.
P&L, Balance Sheet, Cash Flow Statement.
Journal entries, cleanup/catch-up, fixed asset tracking, CPA-ready books.
Track income and expenses separately for every property to see which ones actually perform.
Reconcile monthly rent, late/pet/parking fees against the rent roll and bank deposits.
Track deposits as a liability (not revenue); record deductions and refunds correctly at move-out.
Manage tenant rent, owner funds, vendor payments, Reimbursable Receivables/Liabilities and management fees separately.
Prepare monthly owner statements and record owner payable/distribution correctly.
Match bank balance ↔ accounting register ↔ owner/tenant ledgers — the signature PM control.
Repairs, utilities, landscaping, HOA, insurance, and property tax tracked per property.
Split monthly payments into principal, interest, and escrow; reconcile mortgage statements.
Correctly classify each expense as a deductible repair or a capitalized improvement.
Building, equipment, and improvement depreciation schedules.
Reconcile gross bookings minus platform fees, cleaning fees, and refunds to the bank payout.
Track occupied vs. vacant units, vacancy days, and lost rental income.
Compare budgeted rent/expenses to actual by property to flag variances.
Map purchase price, land, closing costs, loan, escrow, and prepaids from the settlement statement.
Calculate sale price, selling costs, loan payoff, accumulated depreciation, basis, and gain/loss.
Total Project Cost (purchase + renovation + holding) vs. Sale Price = Project Profit.
Contractor labor, materials, permits, and trades tracked per flip/renovation project.
Mortgage interest, utilities, insurance, and taxes incurred while a property is held for renovation.
Gross commission − broker split − referral fee = net commission, per settlement statement.
MLS, marketing, photography, mileage, client gifts, license fees, and CRM/software.
Tenant rent, CAM, property tax, insurance, and tenant improvements per lease.
Compare estimated CAM collected from tenants to actual year-end CAM expense.
Level out escalating lease rent per accounting rules; track sales-based additional rent.
W-9 collection, contractor payments, and year-end 1099 reporting for vendors/trades.
The step-by-step lifecycle of managing your real estate financials securely and accurately.
Connecting the best tools to streamline your real estate business operations.
