Bookkeeping for Real Estate

At Young Guns Bookkeeping, we provide practical bookkeeping services for real estate agencies and property professionals across Melbourne. We help keep your accounts organised and your trust reporting in order, so you can spend more time on listings, sales and clients.

A Bookkeeper for Your Real Estate Business

Real estate bookkeeping isn't quite like bookkeeping for other small businesses. Between trust money, commission income, property management fees and day-to-day agency expenses, there's a lot to keep track of, and it needs to be accurate.

That's where we come in. We provide practical bookkeeping support that can be tailored around your agency, whether you're an independent agent or part of a larger real estate business.

Our services can include:

• Bank reconciliations

• Trust account reconciliations

• Accounts payable

• Accounts receivable

• Commission processing

• Property management income and owner disbursements

• Supplier bills

• Expense tracking

• Payroll bookkeeping

• BAS preparation and lodgment support

• GST reconciliation

• Xero bookkeeping

• Financial reporting

Keep Your Trust Account Accurate

Trust accounting is one of the most heavily scrutinised parts of running a real estate business. Rental income, deposits and owner funds all move through your trust account, and they need to be reconciled correctly and kept separate from your operating accounts.

We help keep your trust account reconciliations accurate and up to date, giving you confidence that your records are in order.

Stay on Top of Commission Income

Sales commissions don't always arrive on a predictable schedule. Between settlement timing, referral splits and agent arrangements, keeping commission income properly recorded can be time-consuming.

We can help keep your accounts receivable organised, so you have a clearer view of commissions earned, invoiced and received.

Manage Property Management Income

If you manage rental properties, you're dealing with rent collection, owner disbursements, management fees and maintenance costs on top of your sales business.

We help keep this income and these expenses properly recorded, so your property management accounts stay organised alongside the rest of your agency.

Xero Bookkeeping for Real Estate

If your agency uses Xero, we can work with your existing account and look after the bookkeeping for you.

From reconciling bank transactions and recording expenses to managing bills, invoices and GST, we'll help keep your Xero file current.

You don't need to spend your time buried in accounting software. We can handle the bookkeeping while you focus on the business.

Bookkeeping for Different Real Estate Businesses

We work with a range of real estate businesses, including:

• Real estate agencies

• Property management businesses

• Sales agents and agent teams

• Buyers agents

• Real estate developers

• Body corporate and strata management businesses

• Commercial real estate agencies

• Independent real estate professionals

Know Where Your Agency Stands Financially

A healthy trust account doesn't necessarily tell you how your agency is performing. You also need a clear picture of your operating income, expenses and cash position.

Up-to-date bookkeeping gives you that clearer view, and can help you identify problems before they become bigger issues. It also gives you better information when deciding whether to take on more agents, invest in marketing or expand into new areas.

A Straightforward Approach to Real Estate Bookkeeping

At Young Guns Bookkeeping, we keep things simple. We'll get to know your agency, understand how you operate and take care of the bookkeeping tasks that are taking up your time.

No need to spend your evenings reconciling trust accounts or chasing commission statements. Just practical bookkeeping support from a Melbourne bookkeeping business that understands real estate.

Real Estate Bookkeeping in Melbourne

If you're looking for a reliable real estate bookkeeper in Melbourne, Young Guns Bookkeeping can help.

We'll help keep your accounts organised, your trust reporting accurate and your Xero file up to date.

You've got listings, clients and a business to run. Let us take care of the books. Contact Young Guns Bookkeeping today to discuss your bookkeeping needs.