When compared to other industries, the real estate business needs special expertise due to the dynamic structure. At the same time, effective accounting is a very functional need for all real estate businesses.
A Real Estate business operates on hectic grounds. Thus, a need for expert accountants, software and tools or an efficient accounting outsourcing company’s service is real and crucial. If you are looking for the best solutions catering for your real estate accounting needs, this blog will aid the process in the most significant manner.
With that, let’s move to some best accounting software solutions for your real estate business:
Fresh Books
For all real estate professionals and small business owners
It is a cloud-based accounting software famous for its simple interfaces and an enormous list of features.
- Functions of this software include:
- Management of cash flows
- Ascertaining revenue streams
- Handling taxes and receipts
- Tracking time and expense
- Invoice branding
- Reminders for auto-payment and reporting
Quickbooks Online
Apt for large-scale businesses & multi-agent group
Though acting as great assistance for large-scale companies, QuickBooks Online is an apt option for real estate businesses operating on all scales. Especially companies who are making a shift from manual to accounting software can opt for this software as it is very simple to use and functionally equipped with all advanced features.
What facilities do you get?
- Sending invoices that are customized
- Estimation of taxes
- Creating and sharing quotes, proposals and bids
- Facilitating all needed accounting features
Xero: Suitable for all types of Real Estate Businesses
It is an emerging accounting software offering a well-established solution to all accounting work. It is a cloud-based general accounting segment that is taking the slow lead.
The general function includes:
- Streamline expenditure
- Seamless invoice and inventory operation from PC or a mobile
- Integration with the bank accounts offers an easy bank reconciliation and payroll processing
- Accounting of multicurrency
- Processing of payments and sharing documents
This software can easily adapt to bank accounts promoting smoother reconciliation is the biggest advantage for a real estate business. It is largely helpful for coordination between bookkeepers and accountants. You can find neat and handy:
Time tracking of payments
receipts and simple visual representation
The three software we discussed in the blog is specially categorized for various types of businesses operating on different scales. While fresh books are an apt option for small-scale businesses, Quicker is durable for large-scale, and Xero serves all platforms efficiently. So, we have curated solutions for all, whether your business operates on a small-scale, large-scale or medium scale.
FinBridge is your accounting partner offering to help your small business thrive through expert accounting and finance solutions. From manual experts to a digitized solution, we bag everything that will enable the smooth functioning of your evolving business.