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Bookkeeping for realtors and real estate teams
Commission income can arrive unevenly while listing expenses continue throughout the month. Tidwell helps real estate agents maintain books that distinguish closed transactions, team costs and the cash needed to keep the business running.
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General information, not legal advice.
Reconcile the commission statement before the deposit
Gross commissions, brokerage splits, referral fees and other adjustments can explain a net payment. Keep the closing or commission statement with the receipt so the books reflect the transaction behind the bank entry.
Organize listing expenses while the details are fresh
Attach property or campaign references to photography, staging and advertising charges. Keep business expenses distinct from personal spending, and give your CPA supporting records rather than making assumptions about deductions.
Track team costs through changing sales cycles
Administrative payroll and recurring software subscriptions continue between closings. Review those commitments alongside receivables and cash balances. For client or escrow funds, follow the separate recordkeeping structure your attorney establishes; this service does not provide legal or tax advice.
Questions between listings and closings
Can you separate agent commissions from referral fees?
Yes. Commission statements and supporting agreements explain the components of each payment and help preserve distinct categories.
What should a realtor keep for marketing expenses?
Retain the invoice, payment record and listing or campaign reference. That detail supports useful reporting and your CPA’s later review.
Can a real estate team add employee payroll support?
We can discuss payroll using approved employee records, compensation instructions and a clear handoff from the team’s manager.
Keep commission income and team costs visible
Bring your current records and the questions you want the books to answer. We work remotely across California, with meetings at our Atascadero office by arrangement to discuss a practical service scope.
Monthly bookkeeping starts at $500 a month. See pricing