Real estate company accounting software is essential in keeping books up-to-date and meeting tax obligations. The ideal real estate accounting tool includes features such as automated income tracking, bank feeds, smart scan receipt and GPS mileage tracking as well as property management that streamlines tedious tasks for reduced time spent and increases end of year deductions. Furthermore, this data can help make informed decisions to grow any real estate company business.

Real estate company accounting tools that are both scalable and user-friendly are key. One such accounting solution, Xero, offers real estate-specific functionality such as an expense manager that helps agents track upcoming and past due invoices, expenses, commissions as well as recurring invoicing, document storage and tenant screening capabilities. Plus it is accessible from any device and offers multiple integrations that let real estate companies seamlessly sync data across other tools.

FreshBooks is another useful real estate accounting software platform. As a cloud-based solution, FreshBooks features document storage and mobile access; with its intuitive design making creating and sending invoices easy for users as well as tracking billable hours and managing expenses easily. Furthermore, FreshBooks’ strong automation features enable converting proposals and estimates into invoices automatically as well as tracking recurring payments with automatic late fee application capabilities.

Sage Accounting and QuickBooks Online are also great solutions, offering scalable designs with intuitive navigation to make it simple for new users to get acquainted with them quickly. They feature double-entry accounting with a customizable standard chart of accounts to organize income and expenses; real estate businesses can create invoices via email, accept credit cards payments via ACH payments and issue 1099s without hassle; in addition, both solutions offer reports to analyze revenues and expenses as well as track sales inventory assets etc.

RealtyAPX offers real estate brokers and agents looking for dedicated accounting software a comprehensive solution designed to streamline their back office. Featuring an automated double-entry general ledger system, RealtyAPX allows brokers to keep an eye on incoming/outgoing commissions, manage leads, write checks and track other financial activity more easily while being equipped with both CRM capabilities as well as project management features.

Buildium, a property management solution with accounting functionality built-in, offers another great choice. Real estate professionals can use Buildium to screen tenants, conduct inspections and record electronic signatures – a cost-effective option that may work best for small real estate groups or self-employed individuals who must keep track of income and expenses. Unfortunately it doesn’t offer dedicated tools for commission management nor payroll capability – however a limited free account with some restrictions is available.