Real Estate Accounting Services - financepal
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Dedicated Team

In the real estate industry, choosing a client-centered, results-oriented bookkeeping and real estate accounting service is integral to achieving business objectives. With the complexities and intricacies of real estate, having accounting service and bookkeeping service professionals ready to assist you each step of the way is key.

Accounting and Bookkeeping Services for Real Estate Professionals:

  • Payroll
  • Rent roll
  • Accounts payable & receivable
  • Inventory statements
  • Balance sheets
  • Financial statement preparation
  • Financial statements compliance audits
  • Asset and staff management
  • Incentive fees, acquisition fees, disposition fees, QPAM, and miscellaneous fee supervision
  • Audit defense
  • Quarterly Tax Filing
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Let us help you take your business to the next level…

At FinancePal, our experienced real estate industry accountants know in the ins and outs of land, industrial, residential, and commercial real estate and how to maintain compliance with the IRS while adhering to best business practices. If you’ve fallen behind on your books, our team is here to help you with our catch-up bookkeeping services as well.

It’s easy to think of accounting as a necessary evil to keep the IRS off your back. Good accounting is the key to better financial decision-making, increased cash flow, and improved asset management.

Tax Benefits for Real
Estate

Real estate accounting is extraordinarily complex, with many different areas that require attention. However, this means many opportunities for good accountants to capitalize on numerous tax benefits.

For example, rentals alone can benefit from a plethora of tax savings deferral of capital gains tax and deductions of cost of depreciation, maintenance, repairs, and service; deductions due to travel costs associated with maintenance and upkeep; and property tax deductions.

Audit Defense

Even if you do everything right, your business may still be selected for audit by the IRS. When this happens, meticulous accounting will save your business from heavy fines, penalties, and further inquiries. Our accountants are trained in audit defense and know how to properly handle dealings with the IRS.

Real Estate Asset Management

The most successful real estate businesses can maximize each asset’s profitability.

This is where quality real estate accounting is a necessity. Our accountants accurately track the value and performance of each property, providing essential insight to inform business decisions going forward.

The most important asset metrics we track are:

  • Invoices
  • Rent collected
  • Security deposit holdings
  • Contractor payments
  • Total net income

Staff Management

If you are in charge of a larger real estate business, you will likely have staff that needs to be compensated. Your staff may be comprised of hourly, salaried, or — especially in the real estate industry — commission. FinancePal will impeccably track and report payroll, hours worked, and commissions to make annual payroll tax filing a breeze for your business.

Real Estate Trades

If your business is involved in the real estate trade in any way, it is essential to have an accountant that’s knowledgeable about these deals. Real estate trades may include real estate brokerage, real estate developer, property management, building construction, real estate investing, and housing association.

For any business involved in these trades, an accountant can help to:

  • Prepare accurate tax filings
  • Find places to cut costs
  • Evaluate the profitability of assets
  • Prepare for market changes (for example, a seller’s market becoming a buyer’s market)

Real estate professionals know that the real estate industry is dynamic and complex. That is why FinancePal is a trusted provider of accounting and bookkeeping services for real estate agents. For a free consultation and custom quote, click here.

Who We Work With

We partner with tech-driven industry leaders to bring advanced financial services to businesses like yours. By aligning with these innovators, we’re able to integrate with other business tools and enhance our service offerings. Some of our prestigious partnerships include:

Our Services

We offer a la carte and comprehensive financial services that are customized to your business, including:

Accounting
& Bookkeeping

Sales Tax
Consulting Services

Payroll
Services

Entity
Formation

Catch-up
Bookkeeping

Don't just take our word for it.

Discussed options for my business with Brian and he was very helpful in suggesting how best to handle it.

Bozeman Grooming
So far my experience has been FANTASTIC with these guys. It’s such a relief to have an all in one team servicing yours books, payroll and tax returns for One really great price. Somtiese I fell like a have a boos to answer to when the team is calling to make adjustments..u will never forget
…

Moe Guiragossian
I have just started my company and needed a company or someone to help and advice me on how to register my company and obtain documents in order to get it going. I contacted Mr. Jason ** of Finance Pal who did it all of which I am very thankful. Furthermore I am going to
…

Roamharan Cedric of Valencia, PA
Jason is an excellent account rep. He always answers promptly and explains everything. His attention to detail is greatly appreciated and his knowledge base is impressive. I came to Jason as a new business owner who knew absolutely nothing and Jason always took the time to help with even the smallest thing. I would highly
…

Susan of Wellington, OH
I own Paradigm Pest Management Inc. I came to Community Tax over a year ago. I had the IRS and the Florida Dept. of Revenue to deal with. Anyone can go into business for themselves. You may know your craft, skill or trade. This doesn’t mean you know how to run a business. It doesn’t
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Dennis (Jim) of Sanford, FL
I have been working with Jason ** of Finance Pal for about 5 months now, and it has been an absolute pleasure. At first, I was concerned about choosing the right finance specialist to help my company (and myself, personally) with our taxes. We’re so lucky we found Jason. He is extremely knowledgeable, patient, and
…

Judd of Chicago, IL
Jason is a very knowledgeable, detail-oriented and very professional accountant who is a tremendous asset to any organization that engages his services. He always wants to do the right thing, does not hesitate to give candid advice, and is willing to help. Work with Jason if you want a hyper-dependable accountant and want your books
…

Arvind of Chicago, IL
Jason ** has helped me understand how to get my finances in order, and more importantly under control. He is by far one of the best book keepers & CPA’s in the business. Jason has unique ability to educate his clients and transmit that knowledge, so it is easily understood and put into action. Jason
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Scottie of Houston, TX
Finance Pal is very affordable for what they do and I get a lot for my money. They are large so they have a lot of resources to get things done in a timely way. My experience with them has been great and I like their staff. Finance Pal does all our accounting and bookkeeping
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Brett of Duluth, MN
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