If you are in the real estate business, you need to keep accounting information which is unlike that of many other businesses. You are not selling retail items, and may need to monitor rentals and other information that is specific to this particular industry. There are real estate accounting tools which you can use for this purpose. This article will give you the best 5 real estate accounting software for small businesses. You will realize that the specifics of the tools are geared towards the sector and not any other. Some of them can be customized for better analysis of your business.
RealtyZam is a real estate accounting software that is based on the cloud. It is used to manage any rental cash that is paid to you. You will also be able to track expenses related to marketing and listing the real estate that is in your portfolio. You will also know how much you are paying brokers and others in terms of fees and commissions.
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Back Office is a suite of tools from QuickBooks that is specifically targeted at the real estate sector. It is fully customizable according to the scale of your real estate holdings. You will easily manage your accounts by accurately tracking your referrals, direct sales and commissions. You will also easily handle buyers, sellers and their escrow accounts. The tool can also integrate with QuickBooks should you need to do more with your business.
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Sage 300 Construction and Real Estate is a real estate accounting tool that is targeted at the construction and real estate sectors. The tool brings along the accounting expertise of Sage into the real estate industry. It has several functions that will definitely improve the way you run your business.
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Although this is not particularly targeted at the real estate business, Xero can be customized to suit this purpose. This is a cloud-based application which enables you to manage the accounts of your real estate business from anywhere in the world. This feature allows you to integrate your accounts with bank accounts, escrow account, buyer and seller accounts.
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Zoho Books is another accounting tool that can be customized to suit the real estate model. You will be able to keep track of all your receivables, payments and escrow accounts. It integrates well with bank accounts and updates information on a real-time basis. You can use the mobile version to do your accounting when you are out in the field.
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Is it possible to use PDFelement Pro as an accounting tool? This may seem strange but this flexible PDF editing tool is able to create advanced forms that can be used for accounting purposes. The best thing is that you can finally convert the accounting information to secure PDF documents which you can then send to people in your organization or any other interested party. The PDF editor can also work with accounting tools that are created in other software such as Excel. This is one tool that has been extensively used for basic accounting and it is great that the PDF editor can work with Excel files. So if you cannot afford some of the expensive accounting tools n the Internet, and the free ones do not suit your purposes, you can use PDFelement to come up with your own custom accounting forms.
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Do your real estate accounting using tools mentioned above and you will be streamlining your real estate business. These tools are generally targeted at the real estate sector and have features that will be of great help to you. If you do not want to use these tools, you can create your own custom real estate accounting forms for small businesses. This will give you more control over what assets and other items you want to monitor. When you are done, you can convert the forms into secure real estate accounting documents for easy dissemination.
Ivan Cook
chief Editor