Best Bookkeeping Services for Real Estate Agents and Investors
- By Jordan Salas
- May 8, 2023
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Real estate agents and investors need bookkeeping services that are reliable, efficient, and accurate.
They also need a service that is affordable and offers a wide range of features.
Here are 10 bookkeeping services that meet all of these criteria:
The 8 Best Bookkeeping Services for Real Estate Agents and Investors
Bench
1
The Bench is a bookkeeping service that offers real estate small businesses and investors an easy, efficient way to manage their finances.
By taking care of the paperwork and bookkeeping for you, Bench frees up your time so that you can focus on what’s important – running your business.
With Bench, you can easily track your income and expenses, see where your money is going, and create financial reports with the click of a button.
And because we’re online, you can access your financial information from anywhere, at any time.
So if you’re looking for a bookkeeping service that will make your life easier and help you save time and money, look no further than Bench.
Outright
2
Outright bookkeeping service is an important part of the real estate industry and real estate business.
Many small business owners who run real estate businesses use bookkeeping services to maintain their books of accounts and to prepare their financial statements and financial reporting.
Outright bookkeepers can help real estate businesses to keep track of their income, expenses, and profits.
They can also help businesses to prepare for tax season and to file their taxes on time.
In addition, bookkeepers can provide valuable insights into a real estate business’s financial health and performance.
As such, real estate businesses should consider seeking out professional bookkeeping services to help them succeed.
ZipBooks
3
ZipBooks is a bookkeeping service that offers a customizable solution for real estate businesses.
The service provides a web-based interface that can be used to track income and expenses, as well as create invoices and bills.
ZipBooks also offers a mobile app, which allows real estate professionals to track their finances on the go.
In addition, the service includes a team of certified public accountants who can assist with real estate accounting and tax preparation.
As a result, ZipBooks is an ideal solution for real estate businesses of all sizes.
Kashoo Accounting
4
Kashoo is a cloud-based bookkeeping service that provides real estate professionals with an easy way to track their finances.
The service offers a variety of features, including the ability to create invoices, bookkeeping assistance, track expenses, and generate financial reports.
Kashoo also offers a mobile app, that allows users to access their financial data from anywhere.
In addition, the service integrates with a variety of popular real estate software programs, making it easier for real estate professionals to manage their finances.
Kashoo offers a free trial and is available for a monthly subscription fee.
AssetsIQ
5
Are you a real estate professional looking for a reliable and affordable bookkeeping service?
Look no further than AssetsIQ.
Their team of experts has extensive experience in the real estate industry, so they understand the unique bookkeeping needs of your business.
They offer a comprehensive range of bookkeeping services, from property management to financial reporting.
And their bookkeepers are available 24/7 to answer any questions you may have.
Quicken Rental Property Manager
6
For real estate businesses or real estate investors, bookkeeping is an important but often time-consuming task.
Enter Quicken Rental Property Manager, a bookkeeping service that can save you time and help you keep on top of your finances.
Quicken Rental Property Manager makes it easy to track rental income and expenses, so you can see exactly where your money is going.
With its easy-to-use interface, Quicken Rental Property Manager takes the guesswork out of bookkeeping.
And because it’s cloud-based, you can access your financial information from anywhere, anytime.
So if you’re looking for a bookkeeping solution that will save you time and help you better manage your real estate business, Quicken Rental Property Manager is a perfect choice.
InvestorFolio
7
InvestorFolio bookkeeping service is designed for real estate investors and property managers.
They offer a complete solution for managing your finances, from tracking expenses to preparing tax returns.
Their software is easy to use and our team is always available to answer your questions.
InvestorFolio is the only bookkeeping service that offers a money-back satisfaction guarantee.
Realtyzam
8
Realtyzam is a bookkeeping service designed specifically for real estate investors and property managers.
They understand the unique challenges that come with managing rental properties, and their goal is to make your life easier by providing accurate and up-to-date financial information.
Their service includes everything from tracking rental income and expenses to preparing tax documents.
They also offer real-time reporting, so you can always stay on top of your finances.
With Realtyzam, you can focus on what you do best – growing your business.
Do I need a bookkeeping service for my real estate agents and investors?
Bookkeeping is one of the most important aspects of any business, but it can be especially critical for real estate agents and investors.
That’s because real estate transactions often involve large sums of money, and it’s important to keep track of all income and expenses to maximize profits.
A bookkeeping service can help to take the hassle out of bookkeeping by tracking income and expenses, preparing financial statements, and providing other valuable insights into the financial health of your business.
In addition, a bookkeeping service can save you time and money by taking care of all the paperwork associated with real estate transactions.
As a result, if you’re serious about making money in the real estate business, a bookkeeping service is an essential investment.
Outsource bookkeeping service or In-house?
There are a few things to consider when deciding whether to outsource your bookkeeping or keep it in-house.
One of the most important factors is cost. In-house bookkeepers will typically cost more than outsourcing the work to a specialist firm.
However, it is important to consider the quality of work you will receive.
A good bookkeeper can save you time and money by keeping your financial records in order and catching errors that could otherwise go unnoticed.
In addition, an experienced bookkeeper will have a good understanding of the tax laws that apply to real estate businesses, which can save you money at tax time.
Another important consideration is the level of customer service you require.
If you have a complex business with multiple properties, you may need a bookkeeper who is available full-time to answer your questions and help you stay on top of your finances.
On the other hand, if you have a smaller business, you may be able to get by with a part-time bookkeeper or even do the work yourself.
Ultimately, the decision of whether to outsource your bookkeeping or keep it in-house depends on your specific needs and budget.
Real estate agents VS other bookkeeping services
Real estate bookkeeping services are specialized for the real estate industry and take into consideration the special needs of agents and investors.
Transactions are usually much larger in amount than those in other industries, so more care must be taken to track all the inflow and outflow of funds.
In addition, agents and investors often need to track their expenses to deduct them from their taxes.
As a result, real estate bookkeeping services must be able to provide detailed financial reports that meet the specific needs of the real estate industry.
While bookkeeping services for other industries might simply record transactions in a general ledger, real estate bookkeeping services go one step further by providing analysis and reports that can help agents and investors make informed decisions about their business.
Bookkeeping services pricing
When it comes to bookkeeping for your real estate business, the most important factor is cost.
How much does the service cost?
Is it worth the price?
These are important questions to ask when considering a bookkeeping service.
The average cost of a bookkeeping service is between $100 and $200 per month.
This cost can vary depending on the size of your business and the number of transactions you have.
Some bookkeeping services offer discounts for businesses that have a high volume of transactions.
It is important to compare the cost of different bookkeeping services before choosing one.
In general, the more expensive services tend to offer more features and support.
Ultimately, the best bookkeeping service for your business is one that fits your budget and meets your needs.
Jordan Salas
Jordan is an experienced CPA and an author & editor at Financopedia. Over the past 12 years, he has written tax and financial content for leading brands. His writing has been featured in Forbes, The Los Angeles Times, Walstreet journal, and more. Jordan enjoys watching old movies and hiking in his free time.
At Financopedia, we’re committed to assisting small businesses and individuals with their finances and taxes. Occasionally, this leads us to generalize tips. Please email info@financopedia.co if you have questions.
