Arizona Professional Real Estate Bookkeeping & Property Accounting Firm

No matter what type of real estate business you operate, we will address the unique financial challenges your business faces and show you how to streamline your accounting practices so your business thrives. Our solutions will keep finances in check, minimize loss, and ensure that you take advantage of all the tax credits and deductions available to you. Professional bookkeepers use class tracking or location tracking in QuickBooks (or similar software) to separate expenses by property while maintaining consolidated books. This allows property-specific profit and loss statements showing which Phoenix properties perform best, while also providing portfolio-wide reporting for tax preparation and lender requirements. Property management software (like AppFolio or Buildium) handles operational tasks, lease tracking, rent collection, maintenance requests, tenant communication.

Managing Multiple Properties in the Phoenix Market

• When you outsource bookkeeping, you have more time to work with clients.
• Even experienced Phoenix real estate professionals make costly bookkeeping errors.
• On site teams have found real value in these custom interactions, showing a significant increase in efficiency.
• Everything residents need—
and more—within a single platform that enhances their renting experience while cutting operating costs.
• The firm provides upfront estimates and communicates any scope changes before implementation.

Qualified accountants organize finances and provide dependable updates. Real estate investors require clear performance data to choose between holding, selling, or reinvesting. Accurate records help owners and partners measure actual returns and develop strategies for long-term portfolio expansion. Without proper accounting systems, firms lose control of their financial position. Tax planning around commission timing and business structure optimization.

Arizona CPA Offers Virtual Tax, Bookkeeping & CFO Services

However, there’s no liability protection and no separation of personal and business assets—a risky choice long term. This report is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. We are an independent member of Baker Tilly https://glowtechy.com/why-professional-real-estate-bookkeeping-is-essential-for-your-businesses/ International, a top 10 professional services network in the world. We share a dedication to exceptional client service, unmatched regional expertise and sustained community impact.

Services to meet your needs

It is still taxed as a sole proprietor unless you elect otherwise. This is ideal if you’re just starting out but want to protect your personal assets.

Many firms offer free consultations to quote your specific needs. When evaluating bookkeeping services for your Phoenix real estate business, prioritize firms with demonstrated real estate industry experience. Generic bookkeepers miss deductions and create errors that cost you money. These services directly reduce your tax bill, often by tens of thousands annually for active investors. SDO CPA, led by Managing Partner Serena Do, a Texas-licensed CPA with 18+ years of experience, offers cloud-based services designed for proactive financial guidance.

Accrual accounting provides a more accurate financial picture for real estate businesses and is typically required by lenders. It recognizes income when earned (not when cash received) and expenses when incurred (not when paid). This matters significantly for properties with rent receivables or construction projects. Cash-basis accounting works for very small operations but limits growth options.

Baker Tilly’s experienced construction accountants help owners and executives of construction companies grow their business from audit and tax to construction advisory services, all tailored to your needs. Advisory, tax and assurance firm Baker Tilly plans to acquire Berkowitz Pollack Brant Advisors + CPAs (Berkowitz Pollack Brant), one of Florida’s largest and most respected accounting and advisory firms. Talk to an expert about the time-saving benefits of using the top-rated commercial real estate software designed specifically for owners and managers who use QuickBooks. Join thousands of commercial real estate professionals staying up-to-date with the latest best practices for the How Real Estate Bookkeeping Drives Success In Your Business industry.