Accounting Software for Real Estate Agents Wave Financial

Leverage powerful, AI-backed data to make smarter decisions that help you save and 
increase NOI. Everything residents need—
and more—within a single platform that enhances their renting experience while cutting operating costs. Entry-level plan limits bills and invoices to five and 20 per month, respectively. These are real and uncensored so they may contain tech support questions, suggestions, etc.  If there isn’t a comment then that user did not provide one. After 30 days you can select one of our paid plans and pay with a credit card. With Realtyzam you can upload receipts for any expense using your computer, tablet, or from your phone with our free mobile app.

Best for Simple real estate accounting software

Ignoring cash flow management can cause financial strain, making it difficult to cover expenses and plan for growth. Depending on your needs, you can use several different types of cash flow statements. Using the direct cash flow method, you’ll record the inflows and outflows of cash in your business from operations, investment, and financing activities.

best accounting software for small businesses in 2025

When you’re an agent, you want a tool that works for you, not the other way around. It uses AI to automate tasks like invoice ingestion and duplicate detection. This article will lead you through the 9 Best AI Accounting Software for Real Estate Agents in 2025, showing you how they can transform your business and give you back your time. You’re busy showing properties, meeting clients, and negotiating deals. Another perk of the software is that it is only one of many QuickBooks products in the QuickBooks universe. Other products include QuickBooks Online Accountant, QuickBooks Online Payroll, QuickBooks Payments, and more.

Do your accounting in less than 10 minutes a month.

It is one of the best cloud-based real estate accounting platforms that allows agents and small real estate firms to manage their finances on the go. From tracking expenses to creating professional invoices, FreshBooks simplifies daily accounting operations. It’s particularly beneficial for real estate agents who need tools to manage client billing and track commissions. The software’s mobile-friendly design and straightforward interface make it an excellent choice for solo agents and small teams. The platform is also incredibly user-friendly, which is ideal real estate bookkeeping for agents or real estate business owners who haven’t used accounting software in the past. It syncs to your bank accounts and credit cards and automatically tracks your expenses and income.

Finding the right accounting software programs can help improve efficiency and accuracy in managing your finances. Choosing the right accounting software for your real business can be daunting. Still, with this list from our extensive research of the best accounting software for real estate, you can easily make a more rational and informed decision and choice.

Will AI replace accountants in the real estate industry?

• Stay in touch with clients through the FreshBooks mobile app and get notified when invoices have been viewed or become overdue.
• The contract allows the property owner to give the investor the right to buy the property.
• Also, it’s cloud-based and has all the functionality of QuickBooks desktop.
• Whether you work on smaller real estate deals or spend your time negotiating large-scale corporate contracts, maintaining proper accounting records is crucial for any real estate business to succeed.
• Although the scale of each one is different, the underlying habits are similar.
• Commissions on property sales are the primary source of revenue for most real estate agents, so it’s critical to record them accurately.

A dedicated bookkeeper or real estate CPA who specializes in real estate can assist in managing your accounting needs and ensuring that your financial records are accurately maintained. Offering different plans, QuickBooks, the most popular accounting software, is next on our list. It has earned its place in this list because of the excellent customer service and different options, and compatibility with small businesses. With built-in commission tracking, you can ensure timely and accurate payments, boosting your credibility and fostering positive relationships with your clients and partners. Xero’s accounting software lets you keep notes about your interactions with your real estate clients and look up their property and contact details on the go.

• Real estate bookkeeping, in particular, is an area where agents have little margin for error.
• Avoiding these pitfalls will help keep your books accurate and your business running smoothly.
• QuickBooks has one of the major tools and features for a real estate business.
• The software can generate reports like Profit & Loss, Balance Sheet, and Cash Flow Statement any time you want them.
• Every transaction is coded in real time, reviewed automatically, and matched with receipts and approvals behind the scenes.

Real estate agents can even track vehicle mileage from driving between properties to showings for their tax returns. As your business grows, you’ll likely need an industry-specific option to calculate commission percentages and manage real estate contracts. By utilizing a solid accounting foundation, real estate professionals can make informed business decisions that are best for their business and clients.

• In addition to basic bookkeeping, agents and brokers often handle rental income, property management, and team payroll.
• You can set up data feeds from over 15,000 banks and credit cards or download statements from your bank or credit card’s website and upload the files manually.
• You shouldn’t just choose an accounting software because it’s popular — the best real estate accounting software for your business depends on your specific business.
• For accuracy, saving time, and the proper tracking of expenses, good real estate accounting software is an essential part of any agent’s business plan.
• It allows real estate agents to automate recurring invoices, track expenses, and manage bank transactions efficiently.

Accounting software

You should consult your own legal, tax or accounting advisors before engaging in any transaction. The content on this website is provided “as is;” no representations are made that the content is error-free. Even though Wave accounting for not offering many integrations and add-ons, it is still a good option for startup, small businesses. Quality customer support is fundamental for addressing any concerns or queries that may arise while using your chosen software.

• At The Close, our methodology is based on providing real estate professionals with the most accurate, detailed, objective information to make smart business decisions.
• One of the tough challenges with managing a rental property is figuring out what your net income is.
• That means if you have fewer than 250 properties, you’re overpaying for the same features you can get from other options for less.
• A former Forbes Technology Council member, legal CLE & TEDx speaker, he’s a best-selling author and thought leader with mentions in Fortune, Insider, Forbes, HubSpot, and Nasdaq.
• You’ll be able to connect your credit card and bank accounts directly to the software, receive online payments, and pay bills.

It was released for the Mac first, and now it integrates with other web-based applications such as Dropbox, Google Maps, Mailchimp, PayPal, and Facebook. Accounting software automates data entry, syncs transactions with bank accounts, and categorizes expenses, reducing the need for manual updates and increasing efficiency. Wave’s accounting software makes it easy to manage your business’s financial health in the office and on the go.