Bookkeeping & Financial Reporting
Specialized Bookkeeping for Real Estate Professionals
At PM Realty Accounting, we understand that real estate professionals face unique bookkeeping challenges. From tracking commission splits to managing trust accounts, your financial needs differ significantly from those of traditional businesses. Our specialized bookkeeping services are designed specifically for real estate agents, brokers, and property managers.
We go beyond basic data entry to provide comprehensive financial management that gives you clear visibility into your business performance while ensuring compliance with industry regulations. Our real estate-focused bookkeeping services help you maintain accurate records, make informed business decisions, and maximize your profitability.
Monthly Bookkeeping Services
Our comprehensive monthly bookkeeping services ensure your financial records are always accurate, up-to-date, and organized. We handle all aspects of your day-to-day financial management, allowing you to focus on growing your real estate business.
- Transaction categorization and reconciliation
- Commission income tracking and reconciliation
- Expense tracking and categorization
- Bank and credit card reconciliations
- Trust/escrow account management and reconciliation
- Accounts payable and accounts receivable management
- Digital receipt management and organization
- Chart of accounts customized for real estate professionals
Financial Reporting
Our tailored financial reports provide clear insights into your real estate business performance. We create customized reports that help you understand your financial position, track key metrics, and make data-driven decisions.
- Monthly profit and loss statements
- Balance sheets and cash flow statements
- Commission tracking reports
- Transaction-based reporting
- Expense analysis by category
- Year-over-year performance comparisons
- Budget vs. actual reporting
- Customized KPI dashboards for real estate metrics
Trust Account Management
For brokers and property managers, proper trust account management is not just good practice—it's a legal requirement. We help you maintain compliant trust accounts with meticulous record-keeping and regular reconciliations.
- Trust account setup and organization
- Monthly trust account reconciliations
- Transaction tracking and documentation
- Compliance with state real estate commission requirements
- Audit-ready record keeping
- Security deposit tracking for property managers
- Clear separation of trust and operating funds
Technology Integration
We leverage modern accounting technology to streamline your bookkeeping processes, reduce manual work, and provide real-time access to your financial information.
- QuickBooks Online setup and optimization
- Integration with real estate CRM systems
- Cloud-based document management
- Receipt capture and management apps
- Custom financial dashboards
- Secure client portal for document sharing
- Integration with property management software
Frequently Asked Questions
How is bookkeeping for real estate professionals different from other businesses?
Real estate professionals have unique financial structures including commission splits, transaction-based income, trust account requirements, and specific tax deductions. Our bookkeeping services are tailored to address these industry-specific needs, with specialized tracking for commissions, transaction-based reporting, and compliance with real estate regulations.
How often will I receive financial reports?
We provide monthly financial reports as part of our standard service, including profit and loss statements, balance sheets, and commission tracking reports. Quarterly and annual reports are also provided for a more comprehensive view of your business performance. We can also create custom reporting schedules based on your specific needs.
Can you help me transition from my current bookkeeping system?
Yes, we specialize in smooth transitions from existing systems. Our onboarding process includes a thorough review of your current books, data migration to your new system, and setup of optimized processes. We'll ensure historical data is accurately transferred and that your new system is tailored to your real estate business needs.
Do you work with both independent agents and brokerages?
Yes, we work with real estate professionals at all levels, from independent agents to large brokerages and property management companies. Our services scale to meet your needs, whether you're tracking personal commissions or managing a team with complex commission structures and trust accounts.
Ready to Optimize Your Real Estate Bookkeeping?
Let our team of specialized accountants handle your financial records while you focus on growing your real estate business.
Schedule Your Consultation