You will have to keep track of your income, expenses, taxes, schedule and track payments, and have an excellent tracking of mileage, and this won’t be easy without the right accounting software at your side. Wave works well for real estate agents, independent landlords, and small property managers who need a simple way to manage basic accounting tasks. Real estate accounting systems automatically calculate the commission amounts based on the commission rate and the final sale price of the property. The real estate brokers–both the listing broker and buyer’s agent broker–get a percentage of the property’s sale price as commission. The listing broker splits their commission with the listing agent and the buyer’s agent broker splits their commission with the buyer’s agent.
Top 10 Best Commercial Real Estate Transaction Management Software of 2026
Its integrated ‘Commission Worksheet’ tool, which auto-populates transaction data to calculate commissions, track disbursements, real estate bookkeeping and sync with accounting systems, eliminating manual reconciliation. Real estate CRM with integrated transaction automation and back-office workflow tools for brokers. The automated transaction pipeline, which connects agents, clients, and third-party partners (title companies, lenders) with built-in deadline reminders and compliance checklists, reducing close delays by up to 30%. Tools were chosen based on their ability to deliver essential features, ease of integration, user satisfaction, and overall value, ensuring they address the unique demands of modern brokerage management.
Buildium: Best for property managers and landlords
If you’re looking for the best real estate accounting software, check out our review of the top 5 programs. SoftPro is a top-tier Real Estate Document Management Software that streamlines the organization, storage, and tracking of real estate documents, while ensuring compliance with industry regulations like HUD-1 and TILA. It centralizes workflows, integrates with CRM and MLS systems, and enables seamless collaboration across teams to accelerate transaction closings.
How Can Accounting Software Help Real Estate Agents?
Accounting solutions will also take into account any taxes or fees that need to be subtracted from the commission total. For example, any self-employment taxes, state and federal income taxes, and fees including dues, MLS fees, advertising costs, and more. Track performance, manage expenses, view client records on the go and keep your real estate bookkeeping up to date with easy-to-use accounting software. Jim currently does real estate team development and coaching for some of the largest real estate teams in the country. The platform’s built-in https://www.blogstrove.com/categories/business/how-real-estate-bookkeeping-drives-success-in-your-business/ contact management system makes tracking client interactions and payments easy.
Transparent Billing, Simplified Payments
Re-Leased automates lease administration and transaction management for commercial real estate portfolios with integrated accounting. Buildout provides CRM and marketing tools for commercial real estate brokers to manage deal pipelines and automate transaction processes. Buildium offers cloud-based property management tools including leasing, accounting, and resident portals for back office efficiency. Buildium is a cloud-based property management solution with accounting features.
- It offers features that let users connect to the information that matters most through applications such as mobile apps for businesses.
- On the other hand, smaller teams use LionDesk and Wise Agent for their affordable features and robust lead management tools.
- The system simplifies end-to-end accounting, helps you stay tax-compliant and lets you export 1099s.
- Automates complex commission calculations, splits, and payouts for real estate brokerages with integrated transaction management.
- Its integrated ‘Commission Worksheet’ tool, which auto-populates transaction data to calculate commissions, track disbursements, and sync with accounting systems, eliminating manual reconciliation.
- Most high-end platforms offer a suite of tools designed to handle the entire lifecycle of a real estate transaction.
- You’ll be able to set up unlimited locations to see which of your rentals or buildings bring you the most profit.
In this product review, we will cover Wave Product Review and their real estate accounting software. Wave is a cloud-based business management software that offers tools to manage your income, handle invoices, manage cash flow, and organize accounting and tax payments. AscendixRE is a leading commercial real estate leasing software designed to streamline lease management, tenant relations, and portfolio analytics. It offers tools for lease tracking, rent escalation management, and occupancy forecasting, catering to both small and large firms. With a focus on automation and integration, it aims to reduce administrative overhead and improve lease renewal rates. The platform is also incredibly user-friendly, which is ideal for agents or real estate business owners who haven’t used accounting software in the past.
Best real estate brokerage software for financial and transaction management
For more information, visit their website or follow them on Instagram (@lifestyleinternationalrealty), Facebook, and LinkedIn. Deal management software for tracking leasing pipelines, approvals, and investment decisions in commercial real estate. Choosing the right leasing software is crucial for managing commercial property portfolios efficiently.
There’s another feature called property inspections that lets you perform inspections, create reports, and sync all of your data. The software also lets you accept online payments from renters, create invoices, set up automatic expense allocation, use e-signatures, and more. The app is well-known for its user-friendly interface, generous set of features, and exceptional customer service. You can track receivables and payables and easily run detailed reports on where your money is coming from and going.
Streamlines real estate transactions with built-in tools for commission splits, calculations, and e-signatures. The True Cost of Manual Commission Processing and How to Fix It For brokerage leaders and operations staff, commission processing is one of the most critical back-office functions. Yet, many brokerages still rely on manual spreadsheets, outdated accounting tools, and… Every workflow is designed with the unique needs of real estate brokerages in mind.