In the fast-paced world of real estate, agents need trustworthy accounting software to keep their finances organised. The right program can save agents time and hassle with features tailored to their business needs. In 2024, real estate professionals have more quality options than ever when choosing accounting software to boost productivity.
This article will highlight the 10 Best Accounting Software for Real Estate Agents to track listings, manage commissions, reconcile expenses, stay on top of taxes, and gain insights into the financial health of their business.
Whether a solo agent or part of a larger brokerage, the software discussed seeks to facilitate accounting and ensure real estate professionals have the tools to thrive in 2024 and beyond. With smart integration and automation abilities, real estate agents can focus on serving clients, not bookkeeping.
What Is Accounting Software?
Accounting software guides computer programs that help businesses track, organize, and analyze financial transactions and data. From basic bookkeeping processes to advanced reporting and forecasting tools, quality accounting software has become an integral part of managing finances for companies of all sizes.
For real estate professionals, the right accounting solution can save huge amounts of time and headaches when it comes to tasks like tracking listings, expenses, commissions, and taxes. The best accounting software for real estate agents and brokerages is leading the way, allowing them to simplify bookkeeping, gain insight into their industry performance, and focus on serving clients.
With powerful automation and seamless integration capabilities, modern accounting software provides real estate agents with robust tools to manage their back-office efficiently while devoting maximum effort to driving success in their front-facing business.
Top 10 Best Accounting Software For Real Estate Agents
Running the financials of a real estate business involves tracking many moving parts – listings, commissions, expenses, taxes and more. Thankfully, today’s accounting software tailored for the real estate industry simplifies organizing your finances.
This article will highlight the 10 best accounting software for real estate agents and brokerages in 2024.
1. QuickBooks Online
QuickBooks Online has earned a reputation as a premier small business accounting platform. The robust software is widely used by real estate agents to manage key financial tasks.
With QuickBooks Online, real estate professionals can track expenses, mileage, commissions, and more. Key features include invoicing, bill pay, time tracking, reporting, and integration with many MLS platforms. QuickBooks streamlines categorizing transactions like advertising, legal fees, or showing expenses for taxes.
The software automatically captures and organizes receipts, bills, and invoices so agents have the documentation needed for tax time. Starting at $25/month, QuickBooks Online delivers complete, real estate-tailored accounting capabilities.
2. Real Estate Books
As the name conveys, Real Estate Books is accounting software built specifically for real estate professionals. From separate contractors to large brokerages, Real Estate Books simplifies real estate financial management.
Standard accounting stuff like easy invoicing, bill pay, and expense tracking are pre-configured for the industry. You can track leads, closings, and referrals, and manage client contacts alongside the financials. Helpful pre-built reports provide business health insights instantly.
Real Estate Books integrates directly with top platforms like the MLS, Zillow, and realtor.com to prevent duplicate data entry. Starting at $39/month, Real Estate Books combines robust real estate accounting tools with an easy learning curve. It’s one of the best accounting software for real estate agents and brokers.
3. AgentOffice
AgentOffice offers an all-in-one real estate solution combining accounting, CRM, lead generation and more. From solo agents to large brokerages, AgentOffice aims to streamline real estate workflow into a single platform.
The accounting elements include seamless MLS integration, direct bank feeds, commission tracking, budgeting, e-signatures and digital document storage. Robust reporting provides insights into the sales pipeline, referrals, closings and other key real estate metrics. If you want bundled accounting software alongside CRM and other tools, AgentOffice is a smart pick.
Packages start at $44/month for solo agents while the Bookkeeping Service can handle reconciling transactions and producing monthly financial statements. The range of pricing tiers and full platform capabilities make AgentOffice a scalable solution as real estate businesses evolve.
4. CommercialCafe
CommercialCafe provides tailored tools for commercial real estate brokers, investors and other professionals. The platform combines property management capabilities with specialized accounting software for commercial real estate’s unique requirements.
From managing listings and portfolios to tracking commissions and investors, CommercialCafe automates critical real estate workflows. Accounting-wise, the software handles invoicing, expenses, budgeting, financial statements, and reporting. Integrated e-signatures streamline the auditing process and contract management.
Starting at $89/month, CommercialCafe delivers purpose-built commercial real estate functionality plus efficient accounting for back-office needs. The software also connects with popular property management solutions like Entrata and Yardi for expanded capabilities. For commercial real estate accounting, CommercialCafe is designed for the industry.
5. RealtyBackOffice
As a trustworthy real estate accounting solution, RealtyBackOffice helps brokers, agents, property managers and other professionals enhance their finances. Configurable dashboard views make monitoring key accounting metrics simple.
Core real estate financial tools include seamless MLS integration, listings management, commission tracking, escrow handling, invoicing and more. RealtyBackOffice automates tasks like 1099 forms and tax documents to simplify filing. The software reviews transactions for accuracy to prevent costly mistakes.
Robust reporting provides insights into profits, losses, referrals and other metrics to inform smarter decisions. Accessible across devices, RealtyBackOffice starts at $24/month for individual agents while enterprise plans are available for larger brokerages. For easy, accurate real estate accounting, RealtyBackOffice is a top choice.
6. Brokermint
Brokermint offers real estate software for brokers by brokers. The company gained prominence in guiding real estate leaders in scaling and optimizing their businesses.
Today Brokermint provides tailored software on three tiers – Brokermint Broker for enterprise brokerages, Brokermint Teams for real estate teams and Brokermint Agent for individual agents. The agent plan starts at $50/month while the broker plan pricing is custom.
Brokermint’s accounting capabilities include commission tracking, cost management, trust accounting, customized reporting and tools optimized for real estate workflows. Seamless MLS integration reduces duplicate data entry. The Brokermint Mobile app helps agents manage accounting and transactions on the go.
With scalable plans for real estate businesses of every size, Brokermint combines robust accounting software with insights from industry leaders.
7. NetSuite
NetSuite delivers full-featured accounting and business management platforms for enterprises under its NetSuite ERP offering. The solution is widely adopted across industries, including real estate.
NetSuite provides core accounting tools like invoicing, expense reporting, bank reconciliation, multi-currency support and more. For real estate, the software integrates the MLS and supports e-signatures, marketing metrics, lead management, inventory tracking and other industry-tailored functions.
Robust analytics and reporting inform smarter decisions. NetSuite automates tasks, compliance, and other critical real estate workflows. The platform is accessible on both desktop and mobile.
While NetSuite has a higher entry price, it makes sense for large real estate enterprises needing end-to-end accounting, operations, and analytics. The platform readily scales as businesses grow.
8. RealPage
RealPage is a technology and data firm serving the real estate industry. Its products target optimizing property management, leasing, analytics and more for clients ranging from individual owners to large companies.
On the accounting side, RealPage provides real-time dashboards, seamless bank integration, branded invoicing, expense tracking, budgeting, and automated workflows. Real estate-specific features include owner/tenant management, commission tracking, 1099 forms, and simplified trust accounting.
While RealPage covers real estate accounting basics, its strengths lie more in ancillary services like property management software integration, digital marketing capabilities, and data services. Pricing is custom based on individual needs. For large real estate enterprises wanting a full suite of property, financial management, and data services, RealPage is a strong contender.
9. Sage Intacct
Sage Intacct is a robust accounting solution designed for growing businesses. It provides core financial means like accounts payable, accounts receivable, cash flow management and multi-entity reporting. Real estate features include tracking listings, contacts and commissions alongside the general ledger in one platform. Sage Intacct integrates with many MLS, CRM and banking systems.
While powerful, Sage Intacct requires more accounting expertise to leverage its extensive features. Pricing starts at $200/month which may be prohibitive for independent agents. But for real estate teams and midsize brokerages, Sage Intacct is worth considering.
10. Xero
Xero makes a strong case for real estate accounting requirements. It reconciles seamlessly with bank transactions, generates insightful reports and provides an easy-to-use interface. Real estate features include trust account support, automatic bill payment and customizable invoicing.
Xero integrates with many MLS, CRM and payment programs. Plans start at $30/month for up to 5 users. For real estate agents and small brokerages wanting user-friendly, cloud-based accounting software with strong real estate capabilities, Xero is a top choice.
Evaluating accounting systems like Sage Intacct, ZipBooks and Xero based on real estate-specific needs and ease of use helps agents select the ideal platform to optimize their finances. The goal is accounting software that streamlines rather than complicates financial management for real estate professionals.
Conclusion
Managing finances efficiently is key to succeeding as the best accounting software for real estate agents. The accounting software covered in this article represents the top programs available in 2024 tailored specifically for real estate professionals.
Whether an independent contractor or large brokerage, implementing the right accounting solution allows agents to simplify bookkeeping, access valuable business insights, and remain serving clients.
By leveraging automation and seamless integrations, the best real estate accounting software eliminates the hassle and provides the financial oversight agents need. The technology exists today to equip real estate professionals with financial tools to thrive now and into the future.