Services Offered
Bookkeeping Setup
We will get your business set up in QuickBooks Online with a Chart of Accounts that is customized specifically for your real estate business. No generic or confusing account categories – only what YOU need.
If you have multiple entities, we will set up your account so that reports are easy to read and understand without having to flip through 30+ pages of a financial statement.
Clean Up
If your books are currently a mess or you just haven’t gotten around to dealing with them in months, no problem!
Our clean-up procedure will involve getting you onboarded to QuickBooks Online if you don’t already have a subscription, creating a Chart of Accounts that is uniquely customized to YOUR real estate business, reconciling all of your accounts, and updating your balance sheet. Once this is done, we will be able to provide accurate financial statements for your business.
Monthly Bookkeeping Services
Our monthly bookkeeping services include transaction categorization, monthly reconciliation with your bank and credit card accounts, and monthly financial reports. We will provide a seamless process with current and accurate bookkeeping for you to hand off to your tax professional.
*Please fill out this questionnaire when scheduling your free consultation
Bookkeeping focused on the real estate industry
We specialize in providing virtual bookkeeping services across the United States for real estate investors.
With our industry knowledge, we can help you succeed in real estate through excellent, organized bookkeeping that will help you understand your numbers and financial standing, and provide a smooth handoff to your tax professional.
Whether your business is focused on rental properties, flipping, wholesaling, or a mixture of these, we can help you save time and get better financial clarity so that you can grow your profit margin and have a better life.
are you our ideal customer?
We specialize in working with real estate investors (rental property owners, flippers, and wholesalers).
In addition, we are looking to work with clients who:
- Are profiting at least $100k/year
- Are currently using or are willing to use QuickBooks Online
- Are willing to touch base on a weekly basis to answer bookkeeper questions
- Are committed to keeping organized records and other documentation
- Are willing to keep business and personal finances separate
- Can be relied on to communicate regularly with us
- Want to grow your business to a higher level and see the value in working with industry experts to do so
If this sounds like you, you are probably our ideal customer!
FAQs
Here are some common questions that we get. If you have a question that isn’t answered here, we will answer it during your free consultation.
How much do your bookkeeping services cost?
Pricing depends on your transaction volume, the number of fixed assets that you own, and if you are a flipper, how many properties you buy on average per year. We also offer add-on services that you may wish to take advantage of.
Our monthly bookkeeping services start at $400/month, which includes monthly bank reconciliation and three prepared financial statements each month (balance sheet, income statement, statement of cash flows). This price is a starting point that fits smaller-scale real estate investors. The average price that our clients pay is around $700/month.
How often will I get financial Reports?
Ongoing bookkeeping clients will receive financial reports on a monthly basis (balance sheet, income statement, statement of cash flows).
If you are interested in specialized financial reports, we offer a variety of reports for an additional fee.
What kinds of things am I still responsible for doing as the business owner?
While we will handle your bookkeeping, YOU will always be in full control of your money.
This means:
- You will need to authorize and make all outgoing payments
- You will need to approve all vendors
- You will need to oversee your team’s spending and billing
- You will need to review your bank and credit card activity
- You will need to provide transaction clarification to us (as needed) on a weekly basis
- You will need to be present (virtually) for financial statement reviews each month
Do you offer tax preparation?
No, but we will work with your CPA or tax professional to provide any information that they need, and we make sure that your financial reports are ready for tax season!
What financial services do you not provide?
At this time, we are very focused on bookkeeping and doing a great job at it, so we do not offer:
- Tax return preparation or filing
- 1099 preparation or filing
- Payroll
- Bill payment
- Invoicing
- Property management
What will happen during my free consultation?
Your consultation will be where you tell me about your business and what you are looking for with bookkeeping. We will tell you more about the bookkeeping process and we’ll discuss how we can relieve your financial stress so that you can spend more time doing what you love. It’s a no-pressure conversation where we get to know each other and see if we’re a good fit! If so, we’ll discuss next steps and pricing. If not, we’ll still do our best to help you out as much as we can and point you in the right direction.
*Please fill out this questionnaire when scheduling your free consultation
Interested in Learning how to DIY your Own Real Estate Bookkeeping?
Learn the basics of real estate bookkeeping through Time Capital University
Click the link below for more information!