8.6
Editor’s Rating:
Best Overall
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
  • Intuitive user interface
  • Powerful integrations
  • Extensive reporting
8.0
Editor’s Rating:
Best Specifically Designed For Real Estate
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
★★★★★
★★★★★
(3)

Dashboard
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: $13/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
★★★★★
★★★★★
(42)

Sales Dashboard
Find an Accountant
Track Mileleage
Mobile Cash Flow
Bank Reconciliation
Dashboard
Mobile Dashboard
Customers
Mobile Shortcuts
Create Invoice
Sales Vendors
Bill Pay
Banking
Expense Dashboard
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

Expenses
What We Like
Real estate-specific key metric tracking
Bank feeds to import transactions
More affordable than competitor products
What We Don’t Like
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
Realtyzam Screenshot
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
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. MRI Commercial Management improves internal efficiencies and provides precise information that delivers deep visibility into past and future performance, and enhances decision-making on an ongoing basis for owners and managers of office, retail and industrial properties. MRI Commercial Property Management will help you optimize the profitability of your
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows, Web
Deployment
Cloud Hosted
brokerWOLF Screenshot

brokerWOLF

★★★★★
★★★★★
(9)
brokerWOLF is a back office system for realtors. Created with the end user in mind, this simple yet comprehensive program provides a complete office management solution. Lone Wolf’s Back Office software combines traditional accounting with automated commissions, transaction data and real time reporting to give broker’s accurate, on-demand insight into all activities associated with the office—from agent profitability to bank reconciliations. Designed specifically for the real estate industry, it
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
Deployment
Cloud Hosted
MRI Residential Management Screenshot
The core MRI property management application that drives improved revenue and occupancy for the multifamily property owner or manager. MRI’s Residential Management provides end-to-end functionality for the multifamily real estate market.
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

★★★★★
★★★★★
(2)
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 you with a unified software for your real estate brokerage. TotalBrokerage is the only complete Real Estate Brokerage software solution from contact through closing. @youtube CRM; Lead Management; Marketing; Transaction Workflow; E-Signature; Accounting; Reporting; Auditing; Cloud Storage; Vendors; QuickBooks
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$349/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. Agent onboarding; Process monthly agent billings; Customize commission plans and closing fees; Calculate agent commission splits; Create commission disbursements; Pay agents via direct deposit; QuickBooks integration; Custom
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$99/month
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
$47/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
AccountEdge Pro Screenshot

AccountEdge Pro

★★★★★
★★★★★
(7)
AccountEdge is a complete small business desktop accounting and management solution for your Mac or Windows office, with everything you need to create and track sales and purchases, run payroll, track and build inventory, bill for time, and manage contacts. AccountEdge is all you need to run your business easily and efficiently. AccountEdge is available for a 30 day free trial. @youtube Accounts Payable; Accounts Receivable; Budgeting, Planning & Forecasting; Commission Tracking; Customer
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$399 (perpetual license)
Client OS
Windows, macOS
Deployment
Cloud or On-Premises
QuickBooks Online Screenshot

QuickBooks Online

★★★★★
★★★★★
(42)
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
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
$13/month
Client OS
Web
Deployment
Cloud Hosted
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
$15/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 (formerly Sage Timberline Office) has proven accounting and estimating applications, covering the entire project lifecycle. Integrated Sage 300 Construction and Real Estate product suites include accounting, estimating, procurement, production management, project management, property management, and service management applications as well as reporting and other tools. These products help construction and real estate professionals manage projects, run
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
Deployment
Cloud or On-Premises
Zipi Screenshot

Zipi

★★★★★
★★★★★
(2)
Founded on a steadfast dedication to its community and client success, Zipi empowers real estate professionals with an arsenal of tools designed to expedite end-to-end deal management and automate reconciliation with their financial accounts. Zipi continues gaining traction notably with enterprise brokerages who understand the importance of investing in scalable technology to automate tedious workloads and meet the demands of their increasingly sophisticated clientele. @youtube Brokers are
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Web
Deployment
Cloud Hosted

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