Real estate management accounting software assists property managers, landlords and investors to better monitor financial data while improving operational efficiency. By automating bookkeeping and accounting tasks to comply with industry regulations, this system enables compliance. Unlike general accounting tools designed for broader audiences, these specialized systems come equipped with specific features designed for tracking rental income and expenses as well as automating processes, increasing transparency and communication and producing financial reports.

Real estate managers and landlords who use accounting software designed for real estate can make informed decisions regarding property operations, investment opportunities and business growth. The ideal accounting software for real estate can also integrate accounting features with property management workflows in order to increase efficiency and increase profitability.

QuickBooks Desktop Premier for Real Estate, Yardi Voyager and Sage Intacct for Real Estate are among the premier choices for real estate management accounting software. Each provides a suite of features designed to simplify financial management and increase operational efficiencies within the competitive real estate market. Landlords, brokers and developers can use these solutions to track rent collections, payments and assets/liabilities while creating accounting/tax reports as well as robust job costing/budgeting features that allow granular project financial analysis.

Xero is an ideal solution for small businesses that need an all-in-one financial management platform to streamline their finances. This cloud-based system features real estate accounting and tracking features for rental properties, such as automated invoicing, tenant screening, payment processing and unlimited users that allow team members to collaborate on financial data.

Intuit’s QuickBooks is another strong choice for property managers and landlords that need an all-encompassing accounting platform that allows them to monitor rental income and expenses, generate tax reports and maintain records. With its customizable options that cater to specific user needs, QuickBooks integrates seamlessly with credit card processing solutions like Square or payroll services so users can oversee multiple aspects of their business from just one platform.

Buildium is an all-in-one real estate management accounting software solution designed to automate bookkeeping, invoices, payments and monitor assets. Perfect for residential and commercial properties alike, Buildium comes equipped with mobile access, cloud storage and multi-user access as well as detailed dashboards to deliver insight for strategic decision-making and track performance in the real estate marketplace.

Sage Intacct and RealFolio are also widely-used accounting software solutions for real estate firms. Both are scalable and customizable solutions, while RealFolio stands out for its comprehensive functionality and centralized database, making financial management simpler for real estate firms by streamlining AP/AR functions and improving operational efficiencies while offering real-time visibility of finances to enable strategic decision making. Their scalability also makes them great options for larger organizations.

Re-Leased is one of the top real estate management accounting software options. Built specifically to meet the needs of real estate firms and developers, MRI provides a robust solution for cash flow, budgeting and more management. MRI also features mobile apps and cloud storage to increase productivity and collaboration as well as its scalability that enables companies to expand without restrictions or limits.