Provider directory
Accounting and bookkeeping for real estate agencies
Real estate agencies earn commission that is shared with salespersons and co-broking agencies, so the gross commission received is not the agency's income to keep. Bookkeeping must track commission due, received and paid out per transaction, often over long settlement timelines. A provider familiar with agencies will reconcile deal records to the ledger, handle salesperson payouts and keep client money separate from the agency's own funds.
In short: Real estate agencies usually need transaction-level tracking of gross commission, co-broke shares and salesperson payouts and matching of commission receipts to completed deals and outstanding receivables from a accounting and bookkeeping provider. Check the questions below before you choose, or describe your need and get one to five free introductions.
What real estate agencies need from accounting and bookkeeping
- Transaction-level tracking of gross commission, co-broke shares and salesperson payouts
- Matching of commission receipts to completed deals and outstanding receivables
- Separate handling of any client money held from the agency's operating funds
- Accurate records for payouts to salespersons who are not employees
- Reporting by team or salesperson for performance and override calculations
- Cash flow planning around deal completion timelines
Questions to ask a provider
- How do you record commission that is passed on to salespersons and co-broking agencies?
- Can you reconcile our deal records or CRM to the ledger each month?
- How do you handle advances or draws paid to salespersons before a deal completes?
- Do you prepare the payout statements salespersons need for their own tax filing?
Pitfalls to avoid
- Booking gross commission as agency revenue without the payouts inflates turnover
- Advances to salespersons that are not tracked as receivables are easily written off by accident
- Mixing client funds with operating funds creates serious compliance and trust problems
More on accounting and bookkeeping
Our guide to finding a accounting and bookkeeping provider in Singapore covers typical costs, rules and how matching works.
Accounting and bookkeeping providers in Singapore
Sleek
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Osome
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세원회계법인 - Seone Business Solutions Pte. Ltd.
SEONE is a premier Korean accounting firm in assurance, accounting and tax, and advisory services. The insights and quality services we deliver help build trust in the capital…
Margin Wheeler | Company Incorporation Singapore
Margin Wheeler is a leading corporate service provider in Singapore with decades of experience, having successfully incorporated thousands of companies across diverse industries…
VentureHaven Pte Ltd
At VentureHaven, we believe every business has the potential to be a great force for good, and a sustainable change-maker. That's why we support businesses to do what they do best…
Fastcorp Pte Ltd
At Fastcorp, we don't just help you incorporate your company. We help fast-track your growth. Our team consists of experienced professionals with years of legal, accounting and tax…
Accounting and bookkeeping for other industries
- F&B businesses
- retailers
- e-commerce businesses
- construction companies
- logistics companies
- manufacturers
- clinics and healthcare practices
- education and tuition centres
- law firms
- accounting firms
- consultancies and professional services firms
- tech startups
- beauty and wellness businesses
- hotels and hospitality businesses
Other services for real estate agencies
Frequently asked questions
How do you record commission that is passed on to salespersons and co-broking agencies?
Ask each provider this directly and compare the answers in writing. Booking gross commission as agency revenue without the payouts inflates turnover
Can you reconcile our deal records or CRM to the ledger each month?
Ask each provider this directly and compare the answers in writing. Booking gross commission as agency revenue without the payouts inflates turnover
Can FYAdvisers introduce accounting and bookkeeping providers that work with real estate agencies?
Yes. Describe your business and what you need, and a concierge confirms your requirements, then introduces one to five providers that fit. It is free for businesses.
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