Find and compare the best Real Estate Accounting software in 2024
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Use the comparison tool below to compare the top Real Estate Accounting software on the market. You can filter results by user reviews, pricing, features, platform, region, support options, integrations, and more.
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QuickBooks Online is the most widely used accounting software in the entire world. QuickBooks Online simplifies accounting. Accounting software for small businesses that is #1 makes it easy to track receipts, income, transactions and more. You can take photos of receipts to link them with expenses. Our agents are available to answer any questions you may have about QuickBooks. Keep your business running smoothly by using the apps that you love. QuickBooks Online is compatible with PCs, Macs, tablets and phones. Click the link to get a 30-day free trial, and 70% off for your first three months. QuickBooks is more than just accounting software. QuickBooks helps you keep track of your income and expenses so that you can prepare for taxes. Customers save an average of $3,534 per year. Need more help? QuickBooks Live helps you to stay organized and ready for tax season. QuickBooks Mobile is a mobile application that helps you run your business anywhere, anytime.
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All-in-one property management software that helps property managers and owners make more money, get organized, and grow. Simplify property management with easy-to-use, secure, and reliable software. With cutting-edge technology, world-class support, and free educational resources, DoorLoop empowers you to grow personally, professionally, and financially.
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AccountEdge for Mac and Windows is a powerful accounting software that's easy to use. Invoicing Create and send customer invoices for products, services, or time and track payment status on open sales. Expenses Managing purchases and expenses helps you track your inventory and overhead costs. AccountEdge enables you to manage your vendors, payments, and recurring transactions. Banking Banking helps you manage money in and out in as much detail as you want. With integrated bank feeds and auto-match, reconciling your accounts is a breeze. Payroll Your employees are your most important asset, and maintaining compliance by tracking their pay, accruals, and expenses is critical to your business. With our optional payroll service, you'll always be on the latest payroll tax tables for accurate processing. Inventory Inventory tracking helps you manage your items and services and track their stock by location to ensure you have enough products on hand or on order to help fulfill customer requirements. Accounting Your chart of accounts is at the core of your financial reporting. Maintain your general ledger and budgets, create financial reports to help you monitor your business, and make informed decisions.
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Rent Manager is a fully integrated property management, accounting, CRM, marketing, reporting, and facility-maintenance software suite that enables users to manage all types of properties. Users can completely customize the platform and reconfigure multiple aspects; including how reports and documents are generated, the appearance of the interface, and which information is displayed on a user-by-user basis. The double-entry accounting system allows users to track every aspect of their business’ finances—whether they manage a single community or hundreds of properties. Rent Manager helps reduce time spent on routine tasks by streamlining daily activities, letting users invest more time in growing their business. Using the rmAppSuite Pro mobile app, property managers can access their data in the field to conduct inspections, communicate with tenants, track violations, read meters, and more, directly from their smartphone. Rent Manager also provides more than 450 built-in reports designed to help users answer important questions about their operations—from the financial status of their portfolio to services issues, vacancies, rent roll, leasing, and more.
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SimplifyEm Property Management
SimplifyEm.com
50% off your first 3 years 149 RatingsSimplifyEm software is designed for property managers, landlords, and investors in real estate. SimplifyEm is easy to set up, cost-effective, and simpler than spreadsheets or other financial software. It allows you to track rental income, expenses, monitor tenant balances and send notices. SimplifyEm comes in two versions: Premium and Basic. All editions include unlimited phone and email support, training, and updates. These features include: Advertising for rental Online applications Online leasing - Tenant screening Renter's Insurance Tracking tenant and lease information Notices - Texting Communication History - Tracking income and expenses - Online payments via ACH & credit card - Maintenance request and work order tracking Owner statements - Vendor management - Bank reconciliations - Detail reporting -
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NolaPro is an ERP-level accounting, order tracking, inventory, and payroll system developed in Linux that can compete with much more expensive options. It can be customized and scaled to fit any business size, unlike any other accounting program. Cloud version is available for those who prefer a more hands-off approach. However, it can be downloaded locally on Windows and Linux platforms for those who prefer greater control and security. Fulfillment & Service Order Management, AP and AR, CRM, General Ledger. Payroll, Timeclock, B2B Portal (for secure client invoicing payments) and integration to many 3rd-party apps. Or request your own! NolaPro supports multi-currency and offers tons of options & additional features. It also comes fully loaded with more than 150 standard reports. CNet, Entrepreneur Magazine, TechRepublic and The Linux Journal all agree that NolaPro offers flexibility, features, and pricing that provide unmatched value and efficiency in managing your business.
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STRATAFOLIO, a web-based software application, is designed for people who manage their real estate assets via QuickBooks. It's a tool that streamlines operations, improves profits, and reduces manual work. Financial Management: Real-Time Data with QuickBooks Sync - A consolidated view of all financials for your entire portfolio -NOI -Cash Flow -Operating expenses Identify trends and patterns in spending at a glance Asset Management - Unify your properties under one umbrella - Consolidated view on asset value Track purchase dates and prices Operations Management: - Automated Alerts For Lease Management (Lease Escalations & Expiring Leases). - Rent roll export - Manage maintenance requests and work orders - The easiest CAM reconciliations you'll ever make! Investor Management - Investor specific Dashboard Login to read-only investors to get rid of the need for mailed reports Track cash on cash returns - Build confidence with investors
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myCiti is an IT company that provides a common unified software platform for managing any commercial or residential society. Our solution includes software, hardware, and services. We aim to digitize, automate and simplify all aspects of society management and its peripheral processes. Our Solutions are spread across all types of Management & Daily Operational Processes within a Society like (Visitor Management, Parking Management, Complaint Management, etc..), Staff Management (HR, Payroll, Attendance etc..), Accounting Solution(Maintenance, Collection, Audit, Filing, etc..) , Security Solutions (Gate Pass Solution, Panic Sirens etc..), Automation Solutions (Home Automation, Intelligent Lighting etc..)
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PropertyBoulevard
Property Boulevard
$1,080 one-time payment 1 RatingProperty management software that includes accounting software and commercial property management. Property Boulevard is for property managers or management companies that require advanced accounting and management functions. Property Boulevard tracks all transactions and relevant data across multiple buildings and multiple users interfacing on a network. You can choose Property Boulevard online or on-premises. -
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InvoiceBerry is an online invoicing platform for freelancers and small businesses. Online invoices can be created, sent, and managed by businesses. They can connect their PayPal, Stripe or WePay accounts to get paid online. Businesses can use the recurring invoice profiles to send invoices to clients and get paid automatically.
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Buildium's property management platform allows managers of residential and association properties to have complete control over every aspect of their business. This includes managing their operations, making residents feel at home, and opening new doors. Our dedicated customer support team offers award-winning support and on-demand training.
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Xero is an award winning online accounting and bookkeeping platform for small businesses. Xero is a simple platform that allows businesses to manage their finances easily. It includes invoicing, inventory management, bank connections, payroll, reporting, and much more. Xero offers 24/7 online support for users.
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Complete back office solution designed for the cloud and mobile. Automates back office tasks, increasing speed and accuracy. The data moves seamlessly through the process without the need to manually re-enter any information. Integrates with many CRMs, Realogy Dash and other tools. Structured implementation and responsive service. Additional professional services are available. * Transaction Management * Commission Automation * Accounting * Agent Management * Analytics and Reporting Brokermint not only provides functionality for back office needs but also invests heavily in client service. * Knowledgeable, responsive customer service * Open API and Integration Marketplace * Structured Implementation * Product Documentation * Professional Services
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Wave Accounting
Wave Financial
$35 per month 6 RatingsFree, powerful accounting software. Wave's simple-to-use accounting program can connect to your bank accounts, sync expenses, balance your books and prepare you for tax time. Get in control of your finances now. Wave was designed for small business owners. Wave is simple software that makes sense. Everything is set up once you create your account so that you can start right away. You can access it from anywhere and at any time. For added security, your data is always accessible and backed up. In seconds, you can connect your bank accounts. You can forget about manual receipt entry and the transactions will automatically appear in your bookkeeping. To make better business decisions, keep an eye on the big picture. Our robust reports are simple to use and provide month-tomonth and year-to-year comparisons, so you can identify cash flow trends. Tax time is easy when everything is in its right place. -
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Centime
Centime
$149/month Centime is the only all-in-one cash management solution on the market. Our comprehensive solution includes accounts payable automation, accounts receivable automation, cash flow forecasting, working capital lines of credit, and business banking solutions. With full cash visibility and control, businesses can scale quickly and effectively. -
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Bench
Bench
$299 per monthBench is your all-in-one financial resource for bookkeeping and tax filing. Real humans. Perfect books. Your small business team imports bank statements every month and prepares financial statements. Questions? Questions? Bench provides a dedicated bookkeeper who is supported by a team small business experts. You can reach your team via mobile or desktop by just tapping, clicking, or tapping. Professional support is just a few clicks away. Bench offers a year-end package that includes everything you need to file. Upgrade your plan to get more done on your to-do list. Premium includes expert tax preparation, filing, and tax advisory support all year. -
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Bonsai
Bonsai
$17 per monthBonsai is an all-in-one business management solution for small businesses and self-employed professionals. One of the most commonly used functions is financial management. It covers everything business owners need to manage their finances efficiently and achieve profitability goals: invoicing & payments, accounting, taxes, and even banking. With an intuitive and user-friendly dashboard, it is easy to use. Using Bonsai, SMBs can easily track income and automatically categorize expenses to maximize write-offs. It enables small business owners to get paid faster by creating professional invoices in seconds with global payments and automatic reminders. In addition to financial management, Bonsai offers a complete client and project management solution. It includes contracts & e-signing, proposals, CRM, client forms, scheduling, time tracking, and many other features for running and growing a business successfully. Business owners can generate custom contracts and proposals from 1000+ templates in Bonsai’s library. All of Bonsai’s features are integrated and automated, making it an all-in-one business process management platform that saves time and money. Grow your business in no time while Bonsai takes care of the rest. -
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LeaseQuery
LeaseQuery
LeaseQuery is a cloud-based software that allows for lease accounting and lease management. It helps organizations meet the current and future lease accounting standards such as FASB ASC 842 and IFRS 16. The software can handle all types of leases and assets including capital and operating leases for equipment, vehicles and real estate. The software has the following key features and functionalities: * Lease accounting * Lease management and administration * Lease tracking * Document management * Data integrity * Support for internal controls * General ledger agnostic -
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Stessa
Stessa
Stessa allows property investors to easily track, manage, and communicate their real estate portfolio's performance. Stessa is completely free. Stessa is used by over 10,000 investors to optimize their single-family rentals or multifamily buildings. Stessa offers visual performance dashboards, automated income and expense tracking, tax-ready financial reports, and tax-ready financial reports. Stessa can be set up in just minutes. You can add properties and link your financial accounts. Everything updates in real time. -
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LettsPay
Hanley Payments
LettsPay is part the Hanley Payments Group, which is a payments specialist. It is an automated client accounting program. It is the next generation in rent collection and client accounting. We support Letting Agents by using the most recent banking technology. Each landlord is assigned a digital bank account with their own account number and sort-code. LettsPay ensures that landlord funds are safe in the Bank of England. This is something that High Street Banks cannot offer. Our solution will save you time and money. It also ensures that you comply with the Anti-Money Laundry directive and Client Funds protection regulations. -
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Rentastic
Rentastic
$24/month or $199/ year Rentastic is a simple tool that helps you manage properties, track costs, and stay organized. It's available on both mobile and desktop. Add your properties and financial details to the app. Categorize your data by linking bank accounts. With financial investment tools you can calculate future mortgages for property, determine rent and determine if the deal is right. Easy to create tax season reports. -
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RemoteLandlord
Remote Landlord Systems
Remote Landlord, a trusted platform for property management, provides a complete solution that meets all your property management needs. Remote Landlord is simple and reliable and allows landlords and property owners the ability to track residential and commercial properties cost-effectively. Remote Landlord is equipped with an accounting feature, as well as other functions such legal tracking, tenant portal and lease management. This allows landlords and property managers to increase their efficiency and provide better service to tenants. -
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Budgetrac
Budgetrac
Budgetrac™, a SaaS (Software as a Service), environment allows you to save time, reduce hardware and infrastructure maintenance costs, and allow you to grow your company faster than traditional software options. This will increase your bottom line. Our Quick Setup™, Two-Click Access™, and Quick Edit™ make daily tasks easier and more efficient. Budgetrac™, with its innovative design and intuitive processes, speeds up your implementation and training time. This reduces your total cost-of-ownership. You have full control and access to your information at all times, from any device, anytime, anywhere. Budgetrac is a team of 100 years in the real estate industry. We offer the most current software for property managers and real estate developers. -
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Sage 300 Construction and Real Estate will solve all your construction and property management problems. Sage 300, formerly Sage Timberline Office is the market leader for end-to-end property and construction management software. It offers construction and real estate companies the most comprehensive solution to manage the entire project lifecycle. It covers subcontractors, vendors, accounting, operations and procurement.
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Eleven
RunEleven
Advanced Accounting, Automated. A platform that automates mundane tasks so professional accountants can focus on what is important: their customers. Eleven is multi-currency and multicompany compatible and highly scalable, with the ability to process high transaction volumes. Eleven allows accountants to manage more clients. This benefit is achieved through several key features. Eleven allows clients and firms to collaborate in real time. It allows for quick responses to questions and the exchange of data and documents. Eleven automates repetitive tasks by creating transactions from documents. This allows you to focus on delivering high-value tasks and controlling the transactions. To have data extracted from documents and automatically sorted according to journals and fiscal years, you can upload them in batch. Even if you are performing manual transactions, you can save time by using templates for journal or analytical entries.
Overview of Real Estate Accounting Software
Real estate accounting software is an invaluable tool for real estate agents, brokers, and investors alike. It helps them to manage their financial activities with accuracy and efficiency while also reducing paperwork. With this software, users can easily keep track of all transactions related to the buying and selling of real estate properties such as rent payments, mortgage payments, commissions, closing costs, and more.
In addition to tracking money in and out of the company or investor's accounts, the software can be used to generate financial reports such as balance sheets and income statements which provide insight into the overall performance of a business or investment portfolio. This data can then be used to analyze potential deals and make informed decisions on future investments. The system can also help a user track expenses associated with improvements made to properties or even personal expenses that are connected to one's investments in real estate.
The features provided by these systems vary from provider to provider but commonly include billing management tools for tenants; document management for contracts; automated payment processing; customizable tax reports; cash flow forecasting; budgeting features; account reconciliation tools; property analysis reports; invoicing capabilities; data import/export functions from other accounting systems like QuickBooks or Xero; customer resources like FAQs and tutorials; complex reporting capabilities such as capital gains calculation modules etc.
Overall, real estate accounting software streamlines workflow while providing detailed financial records that are essential for understanding how profitable a particular property is when it comes time to sell it or refinance it down the line.
Why Use Real Estate Accounting Software?
- Increased Efficiency: Real estate accounting software helps streamline processes, allowing you to handle multiple tasks at once and save time. This means that instead of manually entering data into your system, the software will do it for you in a fraction of the time.
- Improved Accuracy: Automating processes can help reduce errors related to manual inputting data and calculations. With real estate accounting software, accurate records are maintained and mistakes are minimized, which ensures accuracy in reporting financial information.
- Cloud Accessibility: With real estate accounting software, all data is securely stored on the cloud so that users can access their accounts from any location with an internet connection using any device. Also, a cloud-based system allows for collaboration between different departments or people in different locations so that everyone involved has access to updated information whenever they need it.
- Real-Time Updated Reports: Real estate accounting software automatically updates reports as changes are made so that users always have up-to-date information about their finances without having to manually update spreadsheets or other documents every month or quarter. This allows for greater visibility over finances and allows decision makers to make more informed decisions by always having an up-to-date view of their financial position at all times.
- Improved Security: Cloud-based systems are secure with advanced encryption measures protecting user data from unauthorized access or theft while also complying with industry standards such as GDPR (General Data Protection Regulation). Additionally, real estate accounting software offers additional security features such as user authentication protocols and other tools designed to protect customer data from cyber threats and hacking attempts.
Why Is Real Estate Accounting Software Important?
Real estate accounting software is an essential and invaluable tool for any individual or business that operates in the real estate industry. By allowing users to easily track, manage, and analyze accounting data related to their real estate operations, such software simplifies the complex processes associated with this industry.
In today's world of ever-shifting financial regulations and market conditions, having accurate and up-to-date records of a business' real estate activities is vital for success. Real estate accounting software provides users with the capability to quickly access their data and ensure compliance with both internal policies as well as external laws governing the operation of these businesses. With automation features like transaction importation and automatic checks calculated against a customizable ledger system, these programs can save users countless hours spent on manual calculations and number crunching - time that would otherwise be spent tending to more important responsibilities.
The data stored within this type of software is also highly valuable when it comes to taking proactive measures towards optimizing a business' operations; by providing reports on past trends in key metrics such as revenue growth or expenses over extended periods, owners are better equipped for long-term strategic planning (e.g. launching new projects or deciding how best to allocate resources). Furthermore, tracking performance across multiple properties owned by the same entity can give investors unparalleled insight into developing areas or markets where certain types of investments may prove especially profitable - all from one comprehensive platform.
Coupled with intuitive dashboard tools that provide relevant updates at a glance (such as payment due dates or current profit/loss), it's easy to see why utilizing real estate accounting software provides so many benefits in terms of efficiency, accuracy and strategic development capabilities – ultimately leading towards higher profitability over time.
Features Provided by Real Estate Accounting Software
- General Ledger: A general ledger feature allows you to track all financial transactions, including income and expense accounts, investments, journals, and more. This feature provides an accurate picture of the company’s financial health.
- Accounts Payable/Receivable: Automating the process of tracking invoices and payments is made easier with real estate accounting software. You can quickly and easily keep a log of when payments are due and who owes what.
- Tax Preparation: Many real estate accounting software packages offer the ability to quickly and accurately fill out tax forms. This can save hours of time and ensure your taxes are in compliance with the law.
- Budgeting & Forecasting: With real estate accounting software, you can measure your property’s performance year-over-year and create a budget for the upcoming year. This helps you to make informed decisions about expenditure and growth.
- Reporting & Analysis: Real estate accounting software enables you to generate financial statements and reports quickly and easily. This data can then be used to assess how well the business is performing and help make important strategic decisions.
- Property Management: If it has property management included or as an add-on, you'll be able to manage and track properties, tenants, and leases. This can help you keep track of rent payments and other related tasks.
- Document Storage & Management: Most real estate accounting software offers the ability to store and organize documents electronically. This eliminates the need to manually file physical documents and makes retrieval easier.
What Types of Users Can Benefit From Real Estate Accounting Software?
- Real Estate Agents: Real estate agents can benefit from real estate accounting software to keep track of their business finances and manage client information easily.
- Property Managers: Property managers can use the software to streamline the billing process, manage tenant information, and track rental income.
- Developers: Developers may find it helpful to use accounting software to track development costs, property listings, and sales data.
- Landlords: Landlords can use the software to generate invoices, track expenses related to a rental property, and monitor cash flow in an organized way.
- Investors: Investors who own rental properties or are involved in flipping houses may find that real estate accounting software helps them accurately track their investment portfolio activity for better financial decision-making.
- Financial Advisors/Accountants: Financial advisors and accountants who specialize in serving clients in the real estate industry may also benefit from using real estate accounting software as a tool for efficiently managing the finances of multiple clients at once.
How Much Does Real Estate Accounting Software Cost?
Real estate accounting software can range in price depending on the system and features you are looking for. Generally, entry-level software packages start around $50 per month and go up to $100 or more per month for comprehensive options that include document storage, financial reporting tools, budgeting capabilities, and other robust features. Some companies may also offer a discounted annual subscription rate.
In addition to monthly fees, many real estate accounting software providers require an upfront setup fee or one-time activation charge. You may also be offered extra services such as data conversion from another system, training sessions or custom report setup for an additional cost. It is important to review the product documentation carefully before making any purchases to ensure you understand all of the associated costs.
Real Estate Accounting Software Risks
- Security Risks - A breach in the software’s security could potentially lead to the unauthorized access of confidential financial information.
- Data Loss and Recovery - If technology fails, data stored in real estate accounting software can be lost. Back-up systems should be in place to ensure that pertinent data is not lost.
- Poor Quality Software - Ineffective or unstable real estate accounting software may cause problems such as inaccurate calculation of numbers or extra time dedicated to correcting errors.
- Lack of Flexibility and Customization - Many low-cost programs cannot be tailored for an individual’s needs, making it difficult for businesses to complete tasks efficiently and accurately.
- Not Updating with Changes - Programs applied for a specific task might become outdated due to changes in legislation or other external factors. A lack of timely updates can mean your business won’t have all the necessary features available on the system.
What Software Does Real Estate Accounting Software Integrate With?
Real estate accounting software can integrate with many different types of software, such as customer relationship management (CRM) systems, document management solutions, project management applications, and financial planning and analysis (FP&A) tools. CRM systems help Realtors manage customer relationships and facilitate lead generation. Document management solutions allow for efficient storage, retrieval and collaboration between agents regarding client documents. Project management applications enable Realtors to keep track of tasks and progress more effectively. FP&A tools provide analytical data that helps agents make sound financial decisions when dealing with property transactions.
Questions To Ask Related To Real Estate Accounting Software
- Does the software have real estate specific features such as accounting for commissions, escrow, and 1031 exchange transactions?
- Does it integrate with other third-party systems such as CRMs or property management systems?
- Will the interface be intuitive and easy to set up so that non-accounting staff can use the system easily?
- How often does the software provide updates and what support is available in case of errors or glitches?
- What security measures are in place to protect confidential business data from being hacked or compromised?
- Is there an audit trail included with the software that tracks user activity including transactions and changes made to records?
- Are reporting capabilities included in the program such as balance sheets, income statements, cash flow statements, etc.?
- Can budgeting be done within the software for future expenses related to a property purchase or sale?
- What types of customer service and training options are available if assistance is needed when using the software package?
- Is there a demo mode included so you can try out all of the features before signing a long-term contract with a vendor?