Bookkeeping for Real Estate Brokers and Agents: Track Every Deal
Whether you’re an independent real estate agent or managing a brokerage, your income is dynamic, seasonal, and often complex. Commissions, splits, marketing costs, and transaction fees all add up – and if your books aren’t dialed in, your tax prep becomes a headache.
Download Our Free Brochure →Specialized bookkeeping helps real estate professionals stay organized, profitable, and audit-ready.
Why Real Estate Professionals Need Bookkeeping Help
You work deal-to-deal. Income may vary month to month, and you may pay out of pocket for staging, MLS fees, photography, or travel. Add in commission splits, 1099 agents, and marketing budgets, and things get complicated fast.
Professional bookkeeping helps you:
- Track income by transaction or property
- Reconcile marketing and business expenses
- Handle brokerage-level commission splits
- Prepare for quarterly or year-end taxes
- Reduce stress and avoid missed deductions
Solo Agent in Texas vs. Multi-Agent Brokerage in New York
A solo agent in Texas may only need expense tracking, income categorization, and help reconciling commission statements from brokerages.
A 10-agent brokerage in New York needs a bookkeeper to track gross commissions, agent payouts, referral fees, payroll, and expenses across multiple campaigns or locations.
Both benefit from clean books, monthly reporting, and simplified tax prep.
Real Test Case
A two-agent team in California was using Excel and bank exports to track closings and expenses. After switching to Remote Books Online at $120/month, they now receive monthly P&Ls, categorized closings by property, and quarterly tax-ready reports. Their CPA reduced filing time from 6 hours to 45 minutes.
They also started seeing real patterns in ad spend and return on marketing.
Download Our Free Brochure →Don’t Let Tax Season Catch You Off Guard
Real estate professionals are self-employed, which means you’re responsible for:
- Estimated quarterly payments
- Tracking write-offs like mileage, dues, home office, and advertising
- Managing income from multiple closings
- Issuing 1099s to team members or contractors
Bookkeeping ensures these are tracked from day one – not just in April.
Organized Finances = Smarter Decisions
You advise clients on investment and property value. Make sure your business reflects the same level of clarity. Better books = better tax savings, smoother cash flow, and faster growth.
FAQs
Can bookkeeping track each deal separately?
Yes – your income can be categorized by transaction, client, or property.
I use tools like Dotloop, kvCORE, or Realtyzam – can you still help?
Yes. Bookkeepers can import or reconcile with nearly any platform or closing statement.
How do you handle commission splits?
We can track gross commissions, referral fees, and split payouts for teams and brokerages.
Do I need monthly service or just at tax time?
Monthly service ensures your records are clean all year – and you avoid a big cleanup bill in March.
Can I track personal and business expenses separately?
Yes – we’ll help you keep clean boundaries for IRS compliance.
Let Remote Books Online Handle the Books – While You Close the Deals
We provide accurate, affordable bookkeeping for real estate agents and brokers. You grow your business. We’ll keep your finances organized behind the scenes.
Start with a free month of service:
https://www.remotebooksonline.com/bookkeeping/offer
Explore More Bookkeeping Support:
- Learn more about bookkeeping for professionals
- Compare affordable bookkeeping plans
- See how we support QuickBooks for real estate
- Localized services for California, Texas, Florida, New York, Arizona
- Key cities served: Los Angeles CA 90001, Austin TX 73301, Miami FL 33101, Phoenix AZ 85001, and New York NY 10001
