Bookkeeping and Accounting for Realtors
Looking for a bookkeeper and accountant for your real estate office? At Bench Accounting, we handle your books, giving you more time to focus on securing the perfect properties for your clients. Try us for free.
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How Bench works with realtors
Get your bookkeeping, income tax prep, and property sales filing managed by experts—backed by one advanced platform. Bench works hand-in-hand with Realtors.
We get you set up
Our team invests effort to thoroughly understand your real estate business, address your inquiries, assist you in connecting your accounts, and demonstrate how Bench fits into your operations.
We do your bookkeeping
Every month, your dedicated bookkeeper compiles your real estate transactions and prepares essential financial reports. If they need any extra details from you, they'll reach out promptly.
We deliver tax-ready financials
Our squad of experts knows the ins and outs of tax laws for realtors and will tailor their strategy to accord with your agency's specific requirements.
Here’s why realtors like you trust Bench with their bookkeeping and accounting
Get fast, unlimited support from our expert advisors
We'll regularly connect with you to provide updates on your bookkeeping status. Have urgent queries related to your real estate transactions that can't wait? Trust us to respond within one business day or less.
Guaranteed accuracy in every detail
Our platform provides automation of data inputs from the majority of key providers to sidestep typical errors. We've partnered with real estate-centric platforms such as Zillow, Realtor.com, and MLS—ensuring your financial records are always precise. Bench Accounting offers bookkeeping services tailored specifically towards Realtors, keeping your finances in check so you can focus on selling homes.
See where you’re spending. Make smart decisions
Say goodbye to mountains of transaction records and tedious manual tracking—we automate inputs directly from linked accounts for realtors. Get insights from one central dashboard so you can easily comprehend the financial health of your realty business and make strategic decisions.
Bench integrates with your favorite small business tools
We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.
Trusted by 25,000+ American small business owners
CHRIS RONZIO
DR. BUKKY KOLAWOLE
HEATHER SHOLL
We know bookkeeping for realtors
At Bench, we understand the unique financial challenges that Realtors face. With constant fluctuations in income due to seasonal real estate markets, tracking expenses related to open houses and property visits, commissions, and other industry-specific transactions, proper bookkeeping can be quite complex. Regulatory issues and industry standards, such as Real Estate Settlement Procedures Act (RESPA) compliance, can further complicate matters. That's where Bench comes in. Our intuitive software coupled with a team of expert bookkeepers simplify this whole process, helping you keep all your financial records organized, from advertising costs to mileage deductions.
We're more than just bookkeepers; we're a team that understands real estate laws and taxes. As a Realtor, managing your 1099s, commissions and separating personal and business expenses are crucial. The team at Bench ensures your financials are RESPA compliant and takes care of your tax filing as well. We understand that for Realtors, time is money. That's why our bookkeeping service is designed to give you more time to focus on finding the perfect property for your clients while we take care of the numbers. You can trust us to stay ahead of tax deadlines, optimize your tax deductions, and keep your books IRS-ready.
Simple, straightforward pricing for everything your business needs.
Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.
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billed annually
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Frequently Asked Questions
Yes, as a realtor, you may be able to deduct the costs associated with staging a home for sale from your taxable income. The IRS typically views staging costs as a legitimate business expense, which can be written off. However, tax laws are complex and can change frequently. You should always consult with a tax professional or bookkeeper to understand the full implications and ensure you're staying compliant with current laws.
A bookkeeper can greatly simplify the management of your real estate commissions and business expenses. They are skilled in accurately recording and tracking financial transactions, including income and expenditures. A bookkeeper can categorize your real estate commissions and business expenses, calculate your profit and loss, and also prepare financial reports. This ensures you have a clear and accurate understanding of your financial business status, aids in tax preparation, and helps in strategic business decision-making.
Yes, there are specific tax laws and provisions that real estate professionals should be aware of while filing taxes. Some of these include the treatment of rental income, deductions for property expenses, tax implications of selling a property, and understanding of 1031 exchanges. It's recommended to work with a knowledgeable bookkeeper or tax professional specializing in real estate to ensure you're taking advantage of all possible tax benefits and staying compliant with the law.
Nope! All bookkeeping is completed in-house.
Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.
We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.
Bookkeeping Services for Realtors
Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.
No credit card required. By clicking ‘Get Started’, I agree to Bench’s Terms & Privacy Policy.