Accounting 101

The Complete Guide to Bookkeeping for Real Estate Agents

Real estate agents have a unique set of bookkeeping and financial tracking needs compared to other businesses. As licensed salespeople representing buyers and sellers in real estate transactions, experienced agents must keep careful records of numerous purchases, sales, contractors, vendors, miles driven, and expenses over the course of their careers. While bookkeeping for real estate agents may not be the favorite activity for most energetic sales-focused agents, maintaining excellent books is essential for navigating real estate taxes, maximizing write-offs, properly tracking income, avoiding legal issues, and sustaining growth.



February 1, 2024