Our Real Estate Bookkeeping Services

Explore our range of services designed to help you move forward with confidence and truly get a handle on your portfolio with no extra time added.

  • Good bookkeeping starts with a solid setup. RealBooks setup services include:

    • Setting up your new account in bookkeeping software (Quickbooks online or Wave)

    • Assisting with connecting your business bank feeds

    • Organizing your personalized chart of accounts either for rentals, rehabs, STRs, management, or commissions

    • Recording property assets, mortgage liabilities, other assets and liabilities, and starting balances

    • Pulling initial reports to show your overall portfolio health

  • Track the right way so you can see your property performance and make solid business decisions. RealBooks monthly services include:

    • Categorizing income and expense transactions from your business accounts

    • Reconciling or matching all transactions with your bank statements

    • Inputting mortgage, loan, and additional real estate specific breakdowns

    • Compiling monthly or quarterly reports and adjusting reports to your specific business needs

  • Behind on a year (or more) of bookkeeping and need some help getting up to date? RealBooks cleanup services include:

    • Bringing accounts already in bookkeeping software up to date

    • Starting fresh with years that haven’t been tracked at all and bringing them up to date

    • Manually or automatically entering data for prior years

  • Scared each time January rolls around and you know your accountant is going to start asking you for your information for taxes? Not anymore! Your books will be all set by the end of the year to send to your accountant, saving you money and time! Whether you are a pass through entity or a designated S-corp, we’ll help you be prepared.

    Additional more in-depth tax reviews and strategy sessions are also available. We can also connect you with Cost Segregation specialists, real estate CPAs, and other tax professionals.

  • Hesitation keeping you from closing deals? Interested in evaluating a current property performance, or looking at potential new deals and need an expert analysis on the numbers? Real Books offers personalized evaluation sessions to help make sure your numbers make cents!

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FAQs

  • Bookkeeping is tracking your real estate business incomes and expenses, as well as the assets and liabilities in your business, so you can see a financial overview of your business’s health. This isn’t just giving your CPA information at tax time, but this is using real financial data to strategize and make business decisions.

  • As a small business, you’re required to track any of the business activity you report to the IRS. Bookkeeping helps you track this data and see what your business is actually doing financially, amid all of the actual business activities you do. Bookkeeping helps you make business decisions like where to increase marketing, how your properties are performing, and when to make key changes in your portfolio or transactions.

  • Accountants are financial professionals, but their specialty is preparing and advising specifically on tax return or tax related issues. A bookkeeper is involved in the day to day operations of your business, and can help you see where you are actually making your income and spending your business money.

  • Bookkeeping as a business owner isn’t something that makes you money directly in your business. So it takes up your time but doesn’t increase your income. RealBooks bookkeeping services start at only $350 per month, and allow you to spend that saved time growing your business so you CAN use that time to increase your income. One more rental, one more closing, one more new client… we make the dollars make sense!

  • RealBooks services include helping you set up bookkeeping software, tracking and categorizing incomes and expenses, making sure all of the transactions from your bank accounts are accounted for, and putting together reports showing your business operations. With over 15 years of experience in the actual real estate industry, you can always speak one-on-one with your bookkeeper to cater your bookkeeping experience to your needs and desired information. Bookkeeping shouldn’t be just another bill to send out each month, it should be a great relationship that continues to deepen and evolve.

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