OneBooks completed a two-year bookkeeping catch-up for a real estate investment company covering 2024 and 2025. The project involved 15 properties, 27 bank and credit card accounts, and more than 15,000 transactions. OneBooks completed the full catch-up in approximately three months for a final project cost of $10,000.
Real Estate Bookkeeping Problems and Resolutions
Bookkeeping Problem | OneBooks Resolution |
|---|---|
| The real estate investment company was 2 years behind on bookkeeping. | OneBooks completed the full catch-up in approximately 3 months. |
| The company had 15 properties and 27 bank and credit card accounts to reconcile. | Each account was reconciled and organized under the correct property. |
| More than 15,000 transactions needed to be reviewed and categorized. | Revenue and expenses were coded accurately using property-level class tracking. |
| Investor contributions, property mortgages, partner distributions, and holding-company payroll were not fully organized. | OneBooks recorded each item under the correct property or entity class. |
| The company needed clean books for tax preparation, investor reporting, and management review. | OneBooks delivered organized, reconciled financial records ready for reporting and tax filing. |
Why Was This Real Estate Bookkeeping Catch-Up Complex?
This bookkeeping catch-up required more than reviewing transactions and reconciling accounts. Each property had to be treated as a distinct part of the company’s financial records.
Each bank account or credit card was tied to a specific property, and some properties had more than one associated account. Every transaction had to be coded to the correct income or expense category and assigned to the correct property class.
The books also needed to reflect several additional layers of activity:
- Investor contributions used to purchase and renovate properties
- Property-specific mortgage activity
- Proceeds distributed to investors after property sales
- Partner distributions
- Payroll expenses recorded under a separate holding-company class
Accurate class tracking was essential because the company needed to see the financial activity associated with each property separately.
What Did OneBooks Deliver?
By the end of the engagement, the real estate investment company had clean, organized books by property.
The completed financial records included:
- Reconciled bank and credit card accounts
- Properly classified revenue and expenses
- Accurate property-level class tracking
- Organized investor contributions and distributions
- Properly recorded mortgage activity
- Payroll assigned to the correct holding-company class
- Financial records ready for tax preparation
- Clearer records for investor reporting and management review
Final Takeaway
Real estate investment bookkeeping becomes especially complex when each property has separate bank accounts, credit cards, mortgages, investors, renovation expenses, and sale proceeds.
For this type of business, accurate class tracking is critical. Without it, property profitability, ownership records, investor payouts, and tax reporting can quickly become unreliable.
Are Your Real Estate Books Behind?
If your property-level bookkeeping has become too complex to manage, OneBooks can help you catch up, reconcile your accounts, and restore accurate financial records.
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