Real Estate Investor Bookkeeping Services
Managing multiple properties, analyzing deals, engaging with prospects, and growing your portfolio is already time consuming. Keeping up with your bookkeeping should add to the stress.
Let us make it easy for you.
At Check Bookkeeping, we simplify the financial side of real estate investing using the power of QuickBooks Online. Whether you’re fixing and flipping properties or building a long-term portfolio, our expertise ensures your financials are always accurate, organized, and ready for action.
Imagine this:
Your books are neat, organized, and always up-to-date.
Your year-end closing process is streamlined and efficient.
You have a clear view of exactly what you own and what you owe.
Real-time financial reports are just a click away, helping you make confident decisions before every major transaction.
If you’ve been searching for a partner who truly understands the needs of real estate investors, you’re in the right place. Let us help you focus on growing your investments while we handle the numbers.
Did You Know?
Did you know that the preferred accounting system for real estate investors is QuickBooks Online?
Say goodbye to inefficient Excel tracking and hello to streamlined, cloud-based accounting with QuickBooks Online! Enjoy real-time access to your financial reports anytime, anywhere, and take control of your business finances like never before.
Real Estate Bookkeeping service New York brings:
QuickBooks Online Certification
Job Costing
Multi-entity Differentiation
Property Classification
HUD statement to Journal Entry
Real-Time Access to Reports
Monthly Bookkeeping For Real Estate Investors
Property Differentiation Made Simple
To ensure your bookkeeping remains scalable and manageable as your portfolio grows, we’ve developed a streamlined process that organizes your financial data property by property. This approach keeps your financial reports clean, concise, and actionable while tracking every transaction accurately.
How Does It Work?
We use a method called Class Tracking within QuickBooks Online, which allows us to:
Assign income and expenses to individual properties.
Generate property-specific financial reports, like Profit and Loss statements, so you know exactly how each investment is performing.
Maintain clarity even as your portfolio expands.
Why It Matters
By tracking financials for each property, you gain:
Clear insights into which properties are most profitable.
The ability to make smarter decisions about future investments.
A scalable system that grows with your portfolio.
Categorize All Business Transactions
Every dollar you earn and spend will be accurately categorized, whether it’s for materials, labor, or overhead. This step creates the framework for understanding your job costs and profitability.
HUD to Journal Entry for Property Acquisition and Sales
We make the complex simple by transforming the details from your HUD (Housing and Urban Development) document into accurate journal entries in QuickBooks Online. This process ensures that every aspect of your property acquisition or sale is properly recorded and organized.
What We Do:
Break down the HUD document line by line to identify all financial elements, such as purchase price, closing costs, taxes, and fees.
Create a detailed journal entry that accurately reflects the transaction in your books.
Assign each expense or income item to the correct accounts for easy tracking and reporting.
Why It Matters:
Accuracy: Ensures your books reflect the true financial position of your properties.
Clarity: Provides a clear view of property-related expenses and revenues.
Compliance: Keeps your records audit-ready and aligned with accounting standards.
With our expertise, you’ll never have to worry about translating complex HUD documents into clear and precise financial records.
Reconcile All Business Bank Accounts
We’ll match your bank statements, credit cards, lines of credit, and loans with your books to ensure everything aligns perfectly. Reconciliation is like balancing your checkbook but for a business—keeping errors and surprises out of the way.
Generate Business Financial Statements
We compile clear and actionable financial reports, including your Profit & Loss, Balance Sheet, and Cash Flow Statement. These are your blueprint for better decisions and stronger growth.
Let’s make your NY real estate bookkeeping simple. Schedule a discovery call today!
Real Estate Investors Must Know What They Own and Owe
Customer Invoicing and Accounts Receivable Support for New York Real Estate Investors
Managing customer invoicing and accounts receivable is critical for real estate investors, but it can also be time-consuming and complex.
At Check Bookkeeping, we specialize in helping New York-based investors streamline their processes, ensuring you get paid faster and with less hassle.
Our Professional Support Helps You:
Manage Project Workflows: Start with detailed estimates for tenants, buyers, or project partners.
Create Accurate Invoices: Ensure all costs—rent, repairs, or sales transactions—are captured and billed correctly.
Track Outstanding Payments: Stay on top of what’s owed for properties, leases, or completed projects.
Follow Up with Customers: Send reminders or follow-ups to ensure timely payments.
Keep Your Books Up to Date: Seamlessly integrate accounts receivable into your bookkeeping system.
Manage Cash Flow: Maintain a steady cash flow by tracking and collecting payments efficiently.
Whether you’re invoicing tenants, project buyers, or contractors, our expert bookkeeping services ensure your accounts receivable process runs smoothly.
How We Help NY Real Estate Investors:
Hi, I’m Cameron. I am the founder of Check Bookkeeping. We help your New York real estate investor business with":
Setup and Automation: Implement and optimize invoicing systems tailored to your real estate business.
Ongoing Support: Handle the day-to-day management of invoices and payment tracking so you can focus on expanding your portfolio.
Customized Solutions: Adapt our services to meet the specific needs of your investments—whether for single-family rentals, multifamily properties, or fix-and-flip projects.
Reporting: Review your Accounts Receivable Aging Detail Report every week and strategically follow up on past due invoices.
Let us handle the details so you can focus on what matters most—growing your real estate investments in New York and beyond. Schedule a discovery call today!
Real Estate Investors Need Real-Time Financial Reports
NY Real Estate Investors Want Concise Financial Reports To Track Profit
We understand the intricacies of real estate bookkeeping and offer solutions designed to address your specific pain points.
We address these reporting keys to NY real estate investor bookkeeping:
Job Costing: Gain precise insights into project costs and profitability.
Entity Differentiation: Seamlessly track and manage multiple entities.
Property Tracking: Stay on top of individual property performance and expenses.
Rehab Project Tracking: Monitor budgets and expenses to keep your projects on course.
HUD Statement Translation: Accurately convert closing statements into journal entries.
Accounts Payable & Receivable: Know exactly what you owe to contractors and lenders and what you’re owed by purchasers and tenants.
Real-Time Financial Reporting For All Business Entities
At Check Bookkeeping, we understand that NY real estate investors and NY real estate agents have to keep track of multiple business entities. We are able to save time and money by getting this done in QuickBooks Online.
Our accurate, real-time reports give you the clarity you need to make informed decisions. Whether you're analyzing cash flow, preparing for a sale, or managing rental properties, these reports help you optimize selling potential and ensure steady cash flow.
Reports NY Real Estate Investors Rely On
Customized QuickBooks Online reports to take you to the next level:
Profit and Loss By Property (Month-to-Month)
Balance Sheet By Property (Month-to-Month)
Accounts Receivable Aging Detail Report
Accounts Payable Aging Detail Report
Statement of Cash Flows
Budgets vs. Actuals
Let’s make your reports support you with major financial decisions. Schedule a discovery call today to get started!
Year-end Closing Process for Real Estate Investors
We Have a Process For Year-End Closing
Your time is valuable. Your time is better used to booking deals and securing Hard Money Loans than spending time closing out your books.
At Check Bookkeeping, we using cohesive and comprehensive checklists designed for real estate investors and agents, we will take the Year-End bookkeeping headache off your plate. We will work with your tax preparer to ensure that your books are closed-out and ready for early tax filing.
Bookkeeping You Can Trust
With our expertise, you can rest assured that your books will always be up-to-date, reliable, and ready for whatever opportunities come your way.
Schedule a Discovery Call today!