REA.co Real Estate Accounting & Tax

Best QuickBooks Accounting for Real Estate

As experienced real estate accountants, bookkeepers, and CPA's, we are skilled in using QuickBooks for real estate management. Whether you are a real estate investor, agent/realtor, broker or developer, our personalized monthly services provide you with automated, reconciled financials statements you can trust.

Let us handle your QuickBooks online for property management, you focus on closing deals.

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From accounting and bookkeeping, to reporting and taxes, our complete back-office financial solutions provide you the resources to scale your business confidently.

230+Property Accountants

30M+Commercial Sq. Ft.

1099sTracked to Year-End

Why Top Quickbooks Consultants Choose REA

A General Ledger, Structured for Real Estate

Quickbooks Professionals

Accurately categorized transactions and reconciled bank accounts every single month. We are here to help complete your QuickBooks for rental property management.

Get Help Fast From Our Experts

Prompt communication, proactive advice, audit-ready financial statements. We are your partner here to help you scale.

Save Time and Money

Save time, money, and resources having an outsourced accounting team that is an expert in QuickBooks for rental property management.

QuickBooks Bookkeeping from REA

Built by Hand, Because QuickBooks Will Not Build It for You

Leverage the robust capabilities of QuickBooks for real estate agents, realtors, and real estate investors with our specialized services such as:

Trust Bookkeeping

Leverage QuickBooks' powerful bookkeeping capabilities with REA's tailored service.

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Corporate Bookkeeping

REA's skilled team, in combination with QuickBooks' comprehensive toolset, addresses the complexity of your corporate financial activities.

Daily Bank Reconciliations

Employing QuickBooks' state-of-the-art system, REA offers daily bank reconciliation services that brings meticulous accuracy to your finances.

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Financial Diagnostic Cleanup

REA utilizes QuickBooks' advanced diagnostic tools to swiftly and effectively troubleshoot financial anomalies.

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Trust Compliance Audit

REA pairs its auditing prowess with QuickBooks' detailed reporting to deliver comprehensive Trust Compliance Verification services.

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1099 Filings & Tax Preparation

Vendor and contractor 1099s prepared and filed on time straight from your QuickBooks data, plus federal and state return preparation, entity returns and K-1s, and year-round tax planning handled by REA's in-house tax team.

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The Full Scope

  • Monthly bank reconciliation
  • Accurate transaction categorization
  • Manage accounts payables
  • Bill pay & bill preparing
  • Prepare Income Statements
  • + 7 more below

QuickBooks Real Estate Property Management Offered

  • Monthly bank reconciliation
  • Accurate transaction categorization
  • Manage accounts payables
  • Bill pay & bill preparing
  • Prepare Income Statements
  • Reconciliation Reports by account
  • Track profitability per project
  • Track and assist with 1099 at year-end
  • Provide on-demand CFO, controller, and tax consulting services
  • Implement property and company-level budgets
  • Assist with year-end accounting and tax planning with owner's CPA (Note: Tax services available upon request)
  • 1099 Filings & Tax Preparation

Also available on its own

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QuickBooks Is a General Ledger, Not a Property Management System

The Honest Conversation Most Bookkeepers Avoid

QuickBooks has no trust accounting module, no native tenant ledger, and no owner statement. Every property-level structure has to be built by hand with classes or locations. That is workable, it is what a great many real estate operators run on, and it stops being workable at a point most people pass without noticing.

What it does well

Familiar, inexpensive, and easy at tax time

Everyone can use it, it costs a fraction of a purpose-built platform, the general ledger is genuinely flexible, and the handoff to a CPA at year-end is the smoothest in the category. For a small portfolio with a disciplined class structure it does the job.

Where it breaks

No trust module means fund segregation is manual

Security deposits get booked as income. Mortgage payments get expensed in full instead of split between principal, interest, and escrow. Class structures drift as the portfolio grows until per-property profitability stops being trustworthy. None of these throw an error, and all of them are found later, usually by someone who is auditing you.

How we work it

We will tell you when you have outgrown it

Part of a QuickBooks engagement is answering two questions honestly: whether your state's trust rules can actually be satisfied in a system with no trust module, and whether the portfolio has outgrown the platform. If the answer is yes, we say so and help you plan the move rather than billing you to keep patching it.

QuickBooks Bookkeeping, Vertical by Vertical

Pick the Business You Actually Run

QuickBooks behaves differently depending on what you run through it. Each page below is the specific version for that business.

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How REA's QuickBooks Real Estate Accounting Process Works

Fix the Foundation, Then Keep It Clean

Start With a Call
  1. 1

    We review your QuickBooks account

    Upon receiving Accountant access to QuickBooks, we will begin by getting a complete understanding of your business and what the current issues are. We'll make sure the account is setup correctly, complete any necessary catch-up bookkeeping, and audit financials statements to ensure accuracy. Starting with a solid financial foundation is key to a strong financial future.

  2. 2

    We complete your QuickBooks accounting

    Once QuickBooks is accurate for your business, we start our monthly bookkeeping and reconciliation work on the current bank transactions. We will create a finance calendar specific to your business, streamline accounts payable processes, categorize each transaction, and make sure every bank account is reconciled each month for your real estate business.

  3. 3

    We send reports & answer questions

    Audit ready financials statements using QuickBooks for real estate and monthly reporting lets you easily stay on top of your company financials. If you ever need help or guidance, we have spent years working with QuickBooks for rental property management, so we are here to help 24/7.

You Get a Team With Names, Not a Ticket Queue

Who Actually Works On Your QuickBooks Books

Outsourced accounting fails when nobody owns the account. At REA you are assigned a property accounting team and a client success lead who knows your portfolio, your owners, and your quirks. They stay on your account, so you are never re-explaining your chart of accounts to someone new.

Sharifa Giraldo, CPA, VP, Client Success at REA

Sharifa Giraldo, CPA

VP, Client Success

Residential Property Management

20+ years of property accounting, a CPA since 2015, and a specialist in third-party management and platform migrations.

Will Daege, VP, Client Success at REA

Will Daege

VP, Client Success

Commercial Property Management

25+ years across retail, office, industrial, and multifamily, including Portfolio Controller for The Related Companies' New York development portfolio.

How we work together

  • A named team, not a poolThe same property accountants close your books every month.
  • Reachable the way you already workEmail, phone, video, or Slack. Urgent items get answered the same day.
  • Inside your QuickBooksWe take accountant access to your instance, exactly as you would grant an internal hire.
  • 230+ property accountants behind themCoverage when someone is out, and a specialist to escalate to when a lease or a trust question gets strange.

Experts In All Property Types

Residential, commercial and everything in between. The asset class changes what the books have to prove, and our teams are staffed accordingly.

Check Out What Our Clients Have To Say About Us

Property Managers, Investors & Owner Operators

Client story

Came from a bookkeeper who did not know real estate

Following a series of erroneous financials from my previous bookkeeper, who lacked expertise in real estate, it's been truly remarkable to receive not only accurate financials on a consistent basis but also proactive advice without prompting. The REA team is a game-changer in real estate accounting!

SCSara CrosbyReal Estate Investor

Real-estate-only specialists

As REA exclusively specializes in Real Estate, I rest easy knowing my financials are precise every month while saving money at the same time, an invaluable benefit.

SWSteve WilkoOwner Operator

Handed over the whole accounting function

I highly recommend Real Estate Accounting (REA) services from this group. They truly are great and have helped us tremendously at a time we needed it the most. I felt very comfortable giving up all my accounting responsibilities to this team and I'm still glad I made the decision to work with this group. Nothing less than an amazing experience!

TCTracy CollinsProperty Manager

Day-to-day financial operations

REA and team have been nothing but excellent helping our firm with its day to day financial needs. Their expertise, professionalism, and timeliness have made our lives so much easier. We foresee a long relationship with REA and team.

BCBrian CookOwner Operator

Onboarding and responsiveness

Real Estate Accounting truly is a special company. They helped as if they were a part of our company, with the concern and caution as an employee would have, but even more. They quickly ascertained our needs and developed an effective team to help with our accounting needs. They were extremely responsive and always accurate. I would recommend their services to anyone who needs help with their property management accounting.

KSKelly StanawayProperty Manager

Smaller portfolio, still looked after

Adam the owner took a personal interest in my situation and was willing to work with me to see if his company was a good fit. I may be too small for them but I would highly recommend them to anyone considering a bookkeeper for their property management business.

TSTrevor SmithProperty Manager

230+

Property Accountants

30M+

Commercial Sq. Ft.

Up to 50%

Saved vs In-House

Every month

On-Time Close

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QuickBooks Bookkeeping, City by City

Trust accounting rules are written state by state, and we work in all 50 of them. The 36 markets below are where we publish QuickBooks-specific detail on the local rule set and how we handle it. If yours is not listed, the same team still covers it.

See every market

152 cities across all 50 states

QuickBooks by state

Hover to preview, click a state to keep it selected.

Not seeing your city?

We work with QuickBooks portfolios in all 50 states, not only the markets listed here.

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Running Something Other Than QuickBooks?

We Work Inside Whatever You Already Have

Who We Do QuickBooks Accounting For

Every Vertical Has Its Own Way of Breaking

Frequently Asked Questions

What are the benefits of using QuickBooks for property management?

It streamlines accounting processes, enables accurate financial tracking, and simplifies rent collection. It provides detailed financial reports, helps with tax preparation, and improves overall financial management for property managers.

How do you ensure the security and confidentiality of my financial data?

At REA, we take the security and confidentiality of your financial data very seriously. We use advanced security measures, including encryption and secure access protocols, to protect your information. Our team is trained in data privacy best practices, and we adhere to strict confidentiality agreements to ensure your financial data is always safe.

What roles do REA's QuickBooks consultants play in real estate accounting?

We specialize in setting up and optimizing QuickBooks for real estate businesses. They provide tailored solutions to meet specific accounting needs, offer training to staff, troubleshoot issues, and ensure that the software is utilized to its full potential for accurate and efficient financial management.

Is REA's QuickBooks property management software suitable for managing multiple properties?

Yes, the software is designed to handle multiple properties efficiently. It allows you to track income and expenses for each property separately, generate customized reports, and manage various bank accounts, providing a clear financial overview.

Can QuickBooks for property management integrate with other software?

Yes, it can integrate with various property management software like AppFolio, Buildium, and Yardi. This integration helps in synchronizing financial data, reducing manual entry, and ensuring accurate and up-to-date financial records.

How do I get started with REA's QuickBooks consulting services?

Getting started is easy. Simply contact us to schedule a consultation, and our experts will assess your specific needs, provide a customized plan, and begin optimizing your QuickBooks setup to ensure your real estate accounting is streamlined and effective.

How do you access our QuickBooks account?

Clients create and administer individual user access for authorized REA personnel within the client's own software environment. REA does not provide, resell, or sublicense software access. Clients retain control over access permissions and remain responsible for administering access in accordance with their software agreements and internal security policies.

Is REA affiliated with QuickBooks?

REA Services LLC is an independent bookkeeping and accounting services provider. REA is not affiliated with, sponsored by, endorsed by, or authorized by Intuit Inc., the maker of QuickBooks. REA does not provide a software interface, technical integration, or QuickBooks software instance.

Ready for Accurate QuickBooks Books?

Schedule a call with our team to learn how REA structures QuickBooks for real estate, keeps deposits and escrow where they belong, and tells you plainly when the portfolio has outgrown the platform.