Best Bookkeeping For Real Estate Investors is Here

First and foremost, we’re online bookkeeping experts. We cater to real estate investors, real estate agents, bars, restaurants, real estate, accounting firms, law firms, freelancers, startups, agencies, software companies, coaches, consultants, course owners, creators, service providers, and anyone that is selling their products or services online.

Here’s what we focus on: 

• You receive accurate and on time books every month 
• Helping you fully understand your financial numbers by providing analysis with your monthly statements
• Excellent customer support that will be there for you as you scale your business

In addition, we’re a bookkeeping company built by online entrepreneurs. Our founders, Nathan Hirsch and Connor Gillivan, were 8 figure sellers themselves and then built and sold their second business, FreeUp. 

We take the time to get to know your online business, balance the books, then provide you with monthly reports. We provide you with a monthly Profit and Loss Statement, Balance Sheet, and Cash Flow Statement.

We also offer business specific customized reports, employee payroll reports, AP & AR management, paying invoices, running payroll,  and much more. If there’s a service you need that’s not on this page, simply get started and speak with us about it. 

We offer cash basis bookkeeping. If you are an eCommerce seller, you can visit our sister company, EcomBalance, where we offer sales and COGS on an accrual basis, but everything else on cash.

To get started, all you have to do is: 

1. Fill out our quick Pricing Quote form. 
2. Send View Only access to your current Quickbooks Online or Xero account. 

With that information, we’ll dive in to truly understand your business and provide you with a custom pricing quote for working together. 

During your first month, you won’t be charged and we’ll complete the bookkeeping of your previous completed month in business. We’ll show you why working with us is high level and you’ll be able to meet your dedicated, online Bookkeeping team.

Our bookkeeping services are designed to tackle the unique challenges of real estate investments:

• Property-Specific Tracking: Tracking income and expenses by each property.
• Expense Categorization: Accumulate maximum tax and compliance benefits by categorizing your expenses.
• Cash Flow Management: Keep accurate accounts of rental income, operating expenses, and loan repayments.
• Depreciation Tracking: Calculate and record depreciation for tax benefits.
• Customized Reporting: Receive detailed financial insights, including profit and loss statements, ROI reports, and portfolio performance analyses.

A real estate bookkeeper:

• Manages simple financial activities, such as data entry, reconciliation of various accounts, and classification of expenses.
• Provides regular financial statements and maintains up-to-date records.
• Focuses on the operational side of your finances.

An accountant:

• Handles more comprehensive financial responsibilities like tax planning, filing, and compliance.
• Offers strategic advice for long-term financial growth.
• Reviews and analyzes the records prepared by the bookkeeper.

Both are essential for a successful real estate business, with bookkeepers ensuring day-to-day accuracy and accountants focusing on strategy.

Online bookkeeping services offer significant advantages, including:

• Convenience: Access your financial data from anywhere.
• Cost-Effective: Save the overhead bookkeeper cost acquired while hiring in-house.
• Specialized Expertise: Work with experts who specialize in managing real estate finances.
• Integrated Tools: Work in sync with property management software, online banking, and tax systems to facilitate a seamless workflow process.
• Automation: Leverage advanced tools to maximize efficiency and minimize errors.
• Scalability: Expand your bookkeeping service as you grow without the hassle of hiring additional staff.
• Secure and Reliable: Robust encryption and backups protect your sensitive financial information.

Virtual bookkeeping delivers convenience, efficiency, and scalability, making it the perfect choice for modern real estate investors.

A real estate bookkeeping service typically encompasses the following:

• Recording rental income, expenses, and property transactions.
• Bank and credit card reconciliation.
• Managing vendor payments and tracking property-related expenses.
• Producing monthly and annual financial reports.
• Maintaining records for depreciation and capital expenditures.
• Supporting tax preparation by ensuring accurate and organized financial records.

Absolutely. Accurate bookkeeping ensures that all financial records are up-to-date and organized, making tax preparation more efficient.

It also helps identify eligible deductions and credits to ensure compliance with tax laws and minimize tax liabilities.