Bookkeeping for Realtors: Why Spreadsheets Are Killing Your Commission & How to Fix It
Effectively, professional bookkeeping for realtors is the foundation of a scalable real estate business. However, many agents still rely on “digital napkins”—otherwise known as spreadsheets—to track their financial lives. Specifically, while Excel or Google Sheets might feel convenient for scribbling down expenses, they are dangerous tools for managing business records. Below, we explore why relying […]
Real Estate Bookkeeping: The Ultimate Guide to Commissions & Compliance
Recently, I worked with a high-performing agent who assumed their net commission deposit was their total revenue. After carefully reviewing six months of their data, we found that referral fees and broker splits were never recorded, and deductible marketing expenses were missing receipts entirely. Consequently, their tax liability was wildly inaccurate because they were underreporting […]