8.6
Editor’s Rating:
Best Overall
Xero: Dashboard
Xero
  • Navigable, user-friendly interface
  • Basic inventory management capabilities
  • Integrates with Shopify, Square, etc
7.8
Editor’s Rating:
Best for Small Businesses
QuickBooks Online: Sales Dashboard
QuickBooks Online
  • Intuitive user interface
  • Powerful integrations
  • Extensive reporting
8.0
Editor’s Rating:
Best Specifically Designed For Real Estate
Realtyzam: Expenses
Realtyzam
  • Real estate-specific key metric tracking
  • Bank feeds to import transactions
  • More affordable than competitor products

The best Real estate accounting software should offer income and expense tracking, automatic transaction uploads through bank integrations, and tax report generation. It should also integrate with industry-specific systems like CRM and property management tools, and provide robust financial reporting capabilities.

To help you find the best real estate accounting solution, we’ve conducted research on a wide range of products to put together a collection of our Best Real Estate Accounting Software.

1 Xero - Best Overall

Xero is a comprehensive cloud-based accounting platform. Its features include automated bank feeds, invoicing, bills, expense tracking, project tracking, and financial reporting, all of which can be essential for managing a real estate business effectively.

For real estate businesses, it helps streamline management of rental income, property expenses, and financial reporting. It can also integrate with a variety of other software tools commonly used in the real estate industry, such as property management and CRM systems.

Furthermore, Xero’s cloud-based nature means it can be accessed on any device with an internet connection, which is particularly useful for real estate professionals who are often on the go.

Best Overall:
Xero

Xero: Dashboard
Xero: Expenses
What We Like
Navigable, user-friendly interface
Basic inventory management capabilities
Integrates with Shopify, Square, etc
What We Don’t Like
Big learning curve
Hard to get phone support (email is more frequent)
Limited to 2,000 transactions per month
Overview
Price Range: $$
Starting Price: $15/month
Client OS: Web
Deployment: Cloud Hosted

2 QuickBooks Online - Best for Small Businesses

QuickBooks Online is a popular solution for many small businesses. QuickBooks can be used by property managers with few tenants or properties, house flippers, and independent real estate agents to record income from rentals or commission, as well as track expenses from equipment and materials purchased to fix a property or other business expenses.

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.

Best for Small Businesses:
QuickBooks Online

QuickBooks Online: Sales Dashboard
QuickBooks Online: Find an Accountant
QuickBooks Online: Track Mileleage
QuickBooks Online: Mobile Cash Flow
QuickBooks Online: Bank Reconciliation
QuickBooks Online: Dashboard
QuickBooks Online: Mobile Dashboard
QuickBooks Online: Customers
QuickBooks Online: Mobile Shortcuts
QuickBooks Online: Create Invoice
QuickBooks Online: Sales Vendors
QuickBooks Online: Bill Pay
QuickBooks Online: Banking
QuickBooks Online: Expense Dashboard
QuickBooks Online: Payroll Dashboard
What We Like
Intuitive user interface
Powerful integrations
Extensive reporting
What We Don’t Like
Comparatively expensive
Few industry-specific features
Limited users per plan
Overview
Price Range: $
Starting Price: $30/month
Client OS: Web
Deployment: Cloud Hosted

3 Realtyzam - Best Specifically Designed For Real Estate

Realtyzam is a specialized accounting software designed specifically for real estate agents, providing a range of features to streamline financial management. It allows agents to track income and expenses, link to bank accounts and credit cards for automatic transaction uploads, and generate tax reports.

Realtyzam also has a receipt upload function, aiding in expense tracking and proper categorization of business costs. Additionally, it provides the capability to generate detailed financial reports, offering insights into financial performance and profitability trends.

The software is cloud-based, enhancing accessibility and collaboration, and it also offers a mobile app for Android and iOS devices, providing convenience for on-the-go access.

Best Specifically Designed For Real Estate:
Realtyzam

Realtyzam: Expenses
What We Like
Real estate-specific key metric tracking
Bank feeds to import transactions
More affordable than competitor products
Overview
Price Range: $
Starting Price: $9/month
Client OS: iOS, Android, Web
Deployment: Cloud Hosted

What is Real Estate Accounting Software?

Real estate accounting software tracks income and expenses from real estate transactions. This includes commission management, contract management, and financial reporting to brokerages, realtors, real estate investors, property managers, and other real estate professionals.

Real estate accounting systems will track income from real estate transactions and rental income. Broker and agent commissions can be managed from the software–set commission percentages and caps as you see fit. The system also tracks business expenses like office space rentals, advertising costs, utility bills, and more. Run reports on income and expenses, the values of active and expired listings, and other key performance indicators.

Real estate accounting software can also assist with contract management. Some contracts you can manage with the software include purchase agreements, assignment contracts, and lease agreements. The system will ensure you’re using the right forms and filling in all required information to manage your real estate transactions.

Real Estate Accounting Software Features

Feature Description
Core Accounting Features Track revenue and business expenses in real-time. Modules include accounts payable, accounts receivable, and a general ledger.
Commission Management Calculate commission rates for real estate agents and assign commission caps as needed.
Financial Reports Create reports on real estate transaction values, listing values, overall income and expenses, and more.
Contract Management Upload, edit, and store real estate contracts including purchase agreements, lease agreements, and assignment contracts.

Commission Management with Real Estate Accounting Software

Real estate accounting systems automatically calculate the commission amounts based on the commission rate and the final sale price of the property. The real estate brokers–both the listing broker and buyer’s agent broker–get a percentage of the property’s sale price as commission. The listing broker splits their commission with the listing agent and the buyer’s agent broker splits their commission with the buyer’s agent.

The real estate brokerage typically determines the commission percentage and split rate between the broker and agent. The real estate accounting software allows you to set this percentage for commission calculation. You can also set commission caps for agents.

Accounting solutions will also take into account any taxes or fees that need to be subtracted from the commission total. For example, any self-employment taxes, state and federal income taxes, and fees including dues, MLS fees, advertising costs, and more. The software makes it easy to track income withholding come tax time. This information can also be used to file tax returns.

Commission management in CORE BackOffice
Commission management in CORE BackOffice automatically calculates commission for the real estate agent with closing fees and closing credits.

Financial Reports with Real Estate Accounting Software

Real estate accounting software gives you a better sense of overall ROI and cash flow via reporting tools. Real estate agents and brokerages can monitor the value of any current or expired property listings, as well as a breakdown of property sales values from each agent. Reports can also be run on how long properties have been listed on the market–this is helpful to know if a property isn’t selling well, the value may need to be adjusted.

Property management companies can also use real estate accounting software to run financial reports on income and expenses from rental properties. The reports can give you an overview of rental income, vacant units, and expenses on advertising, repairs and maintenance, and more.

The broker listings report in REALedger
The broker listings report in REALedger shows sold and expired listings, the value of listings, average listings sold, average days on market, listings status, and more.

Contract Management with Real Estate Accounting Software

Real estate accounting systems allow you to store, upload and update various types of real estate contracts including:

Purchase Agreements

Purchase agreements define the sale terms between the buyer and seller. The system will ensure all information required by your state is included in the State/Association Purchase Agreement forms. Typically the purchase agreement includes the property’s address, final agreed-upon price, the names and signatures of the buyer and seller, and the closing date.

Lease Agreements

The lease agreement is a contract between a renter and property manager or building owner. The lease agreement will contain the name and contact information of the landlord and tenants, the property address, rental term lengths, rental payment amounts and due dates, security deposit amounts and terms, and dated signatures by the landlord and tenant. The software will also ensure the tenant rights and responsibilities are outlined on the form in accordance with the appropriate state regulations.

Assignment Contracts

Assignment contracts are primarily used by real estate investors. The contract allows the property owner to give the investor the right to buy the property. The investor can sell the right to purchase to another party (the end buyer) for an assignment fee. The end buyer will complete the purchase and acquisition of the property.

RealtyAPX document uploads
Upload important documents and contracts, and collect e-signatures in RealtyAPX.

All Products

No products found
Xero Screenshot

Xero

★★★★★
★★★★★
(3)
A contender against QuickBooks Online, Xero is a popular solution for its user-friendly interface, affordability, and unlimited users per subscription. It’s a cloud-based, double-entry accounting software that offers bank reconciliation, financial reporting, and basic invoicing and billing.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$15/month
Client OS
Web
Deployment
Cloud Hosted
Realtyzam Screenshot

Realtyzam

Realtyzam is an accounting software for real estate agents. The software is available as a cloud-based solution, as well as a dedicated mobile app for Android and iOS devices. This platform allows you to track expenses and generate reports. Link bank accounts or credit cards to monitor income and expenses. Realtyzam automatically downloads and categorizes transactions on a daily basis from your linked accounts. Income and expenses can also be manually added or uploaded from a document. Income
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$9/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
QuickBooks Online Screenshot

QuickBooks Online

★★★★★
★★★★★
(58)
QuickBooks Online is the most popular financial software on the market. This cloud-based accounting solution enables tracking of sales and expenses, generating estimates, customer management, and seamless collaboration with external accountants.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$30/month
Client OS
Web
Deployment
Cloud Hosted
Beaver Screenshot

Beaver

★★★★★
★★★★★
(5)
Beaver is a modern accounting software designed just for landlords and property managers. It offers an easy online solution to collecting rent, paying vendors, and keeping a clean Balance Sheet and Profit & Loss statement for each property. Beaver covers three key features on every landlord’s “must-have” list: (1) receiving rent, (2) paying vendors, and (3) recording all other ACH/credit card transactions. All transactions are completed online, captured, and organized automatically in a Balance
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$5/month
Client OS
Web
Deployment
Cloud Hosted
BrokerSumo Screenshot

BrokerSumo

★★★★★
★★★★★
(2)
BrokerSumo is a real estate accounting software solution developed by real estate professionals. This accounting system helps you keep financial data organized, manage real estate transactions, pay vendors, and monitor the overall financial performance of your business. BrokerSumo is now CORE BackOffice . Custom Commission Plans; Commission Disbursements; Transaction Details Management; Agent Billing; ACH Transfer; Reporting; Agent Onboarding; and QuickBooks Sync. BrokerSumo starts at $99 +
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$99/month
Client OS
Web
Deployment
Cloud Hosted
Bookkeeping for REALTORS Screenshot

Bookkeeping for REALTORS

Bookkeeping for REALTORS from OWL Software is an easy to use accounting software made for realtors. In the real estate business, each realtor is a small business. Rather than having a complex accounting process, Bookkeeping for REALTORS lets you spend more time with your clients so you can earn more commission. No learning curve; Record, organize, and sort all income and expenses; Flexible setup options; Reduce expenses by improved bookkeeping and yield more deductions at the end of the year;
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$49 (perpetual license)
Client OS
Windows
Deployment
On-Premises
REALedger Screenshot

REALedger

★★★★★
★★★★★
(2)
REALedger from Emphasys Software has everything you’d expect from comprehensive accounting software, plus many more features to make managing your real estate office easier than ever. Thousands of real estate brokerages across the US and Canada use Emphasys Software’s powerful software management platform to automate daily back office processes. Listing —Manage information related to property listings and showings.; MLS Import —Automated import from your MLS into REALedger; Sales —Manage
Client OS
Windows, Web
Deployment
Cloud Hosted
MRI Commercial Suite Screenshot

MRI Commercial Suite

★★★★★
★★★★★
(2)
MRI Commercial Suite is a standard in Commercial Property Management Software for corporate real estate departments and property managers. Key features includes portfolio analytics and reporting, lease management, and commercial property marketing. The AI-powered lease abstraction tool provides greater transparency. MRI Commercial Property Management is designed to optimize the profitability of retail, office, industrial, and mixed use real estate investments at every stage of the property lifecycle. It improves internal efficiencies and provides precise information that delivers deep visibility into past and future performance.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows, Web
Deployment
Cloud Hosted
Lone Wolf Back Office Screenshot

Lone Wolf Back Office

★★★★★
★★★★★
(9)
Lone Wolf Back Office, formerly known as brokerWolf, is a comprehensive real estate brokerage software. It integrates solutions for transactions, back office and accounting, and business insights, enabling real estate brokerages to operate efficiently and in compliance. The software offers a complete package from lead to close, provides real estate analytics, and handles everything from commission management to audit preparation. The software simplifies MLS data for better decision-making in recruiting, coaching, and competitive analysis. It also includes solutions for digital marketing, CRM, and website building, catering to the needs of modern real estate brokerages.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
Deployment
Cloud Hosted
MRI Residential Management Screenshot
MRI Residential Management Software is recognized for its comprehensive functionality, catering to the commercial real estate sector. Key features include applicant screenings, service requests, and guest cards. The system is designed to reduce downtime common when managing real estate properties. The software offers a wide range of modules and services through API, allowing integration with other programs and platforms.
Deployment
Cloud or On-Premises
RealtyAPX Screenshot

RealtyAPX

RealtyAPX is a complete real estate office solution with accounting. The software helps you manage your operations from lead coming in the door to writing commission checks for your staff. From transaction management, CRM, AP/AR, commission management, form filing, and e-signatures, RealtyAPX has what you need. The software helps large franchises to small offices by offering a complete tool to maintain a view on all offices. Complete office accounting; Transaction management; Document
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$99.99/month
Client OS
Web
Deployment
Cloud Hosted
TotalBrokerage Screenshot

TotalBrokerage

★★★★★
★★★★★
(3)
TotalBrokerage is a cloud hosted real estate software designed to grow your business. The software combines the functionality of CRM, lead management, marketing, and accounting to provide agents and teams with a unified software for real estate brokerage. It integrates various functionalities such as lead tracking, CRM, email and SMS marketing, transaction workflow, compliance, e-signature, reporting, auditing, and a forms library. TotalBrokerage’s cloud-based, mobile-friendly platform allows real estate professionals to manage their operations and transactions effectively.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$90/month
Client OS
Web
Deployment
Cloud Hosted
CORE BackOffice Screenshot
CORE BackOffice (formerly BrokerSumo) is a commission management and accounting system designed for real estate brokers and agent teams. CORE BackOffice handles commission disbursements, commission tracking, agent billings, ACH transfers, accounting, and reporting.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Web
Deployment
Cloud Hosted
Buildium Screenshot

Buildium

★★★★★
★★★★★
(1)
Buildium is a cloud-based property management software that helps businesses manage rental properties located in over 50 countries. The software can manage 5000 (or more) rental properties including residential, commercial, student housing, affordable housing, and community associations.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$55/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
AccountEdge Screenshot

AccountEdge

★★★★★
★★★★★
(9)
AccountEdge is a small business accounting software that helps business owners organize, process, and report on their financial information so they can focus on their business. Its feature set includes accounting, integrated payroll, sales and purchases, contact management, inventory tracking, time billing, and more. There are separate pricing plans for Mac and Windows users, though the monthly subscription for the first license is still $20. A 30-day free trial is available; no credit card is required.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$20/month
Client OS
Windows, macOS
Deployment
On-Premises
FreshBooks Screenshot

FreshBooks

★★★★★
★★★★★
(5)
FreshBooks is well-recognized in the accounting world and stands as a competitor to QuickBooks Online. It’s a simple cloud accounting software that allows you to invoice clients, track expenses, and accept payments.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$19/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Sage 300 Construction and Real Estate Screenshot

Sage 300 Construction and Real Estate

★★★★★
★★★★★
(8)
Sage 300 Construction and Real Estate is a comprehensive software solution designed for the construction and real estate industries. It offers a range of features that cater to project management and related operations. Integrated Sage 300 product suites combine accounting, estimating, procurement, production management, and property management into a single platform. Other benefits include software support, integration with third-party applications, and customizable features tailored to the construction industry. Sage 300 Construction and Real Estate was previously [Sage Timberline Office](https://www.sage.com/en-us/products/sage-300-construction-and-real-estate/timberline/).
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
Deployment
Cloud or On-Premises
SkySlope Books Screenshot

SkySlope Books

★★★★★
★★★★★
(2)
SkySlope Books, formerly known as Zipi, is a comprehensive real estate back office accounting and commission disbursement solution. It provides automation capabilities in bookkeeping, offering features like instant banking transactions, auto-bookkeeping, and streamlined management of real estate commissions. Its customizable dashboards provide real-time insights into business performance, helping brokerages make data-driven decisions. The platform aims to reduce manual data entry and improve financial accuracy, making it a valuable tool for brokerages looking to optimize their back office operations.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Web
Deployment
Cloud Hosted

We searched and searched, but we couldn’t find any products in our database that match your criteria. Perhaps our team of software experts can help? They’d be happy to provide a list of free recommendations that meet your exact requirements.

Sort by 
Filter by User Rating
Filter by Price Range
Filter by Deployment
Filter by Client OS
Talk with a software advisor
Talk with an advisor
Get a free consultation from an independent software expert.
Or, call toll-free: (800) 827-1151
Talk with a software advisor
Talk with an advisor