Selling a home is a big deal; buying one is no less complex. The financial headaches, sleepless nights, emotional turmoil, and uncertainty are very real. When things get real, real estate agents are there to hold everybody’s hands and balance the mayhem. With such a balancing act an integral part of every week, bookkeeping often gets left in the dust.
It’s a hurdle every new freelancer or new business must face; how to tackle financial decisions properly? There are credits and debits, tax write-offs, what you can do with personal and company monies, and the list goes on. Once you think you’ve mastered one aspect, ten more crop up and demand attention, this is time taken away from your creativity and passion. Time should be spent moving forward and growing, not wallowing in the miasma of uncertain accountancy. All successful freelancers and businesses have stable finances and tight books. It’s a rule for success that cannot go unheeded.
The real estate industry is full of opportunities, to be sure. But it’s also paved with burnt-out stories of what might have been. A common denominator for failed foray attempts is the inability to balance the books properly. Be that because of inexperience or not enough time dedicated to sound accounting. These are just a few ways Less Accounting can help you succeed in an industry that demands focus.
For sports fans out there, have you ever watched a soccer or hockey game without somebody tending the goal? Have you ever seen a football game without a quarterback? It’s not a sound strategy. Knowing you’ve got solid accounting software in your corner is crucial to putting your best foot
forward, especially for real estate agents. The general peace of mind that comes from having well-handled bookkeeping cannot be understated and pays dividends in more ways than one.
When the middle of April rolls around, there’s no need to panic. Leave it to the magic of Less Accounting to help construct a water-tight tax plan, so you don’t have to worry about winging it. Taxes can be highly complex, and there are near innumerable subtleties and tricks to get the best out of any file. When you’re busy focusing your skills on making your business the best it can be, trust our flexible service to keep on top of taxes.
Life can be chaotic; things change, people move, cats eat dog food, and you never know what will happen tomorrow. Sudden changes compounding an already busy real estate schedule can be an unmitigated nightmare. Even a more pedestrian event like buying a new car or hiring an assistant can be stressful. Less Accounting can take any changes life throws at you and roll it all into an easy-to-understand bookkeeping package.
Your money, investments, and cash flow are all vitally important. Less Accounting can help ensure your money goes where and when it’s needed. Take the hassle out of juggling receipts, remembering rules, or stressing about account balances. These types of distractions occasionally feed in on themselves, creating a cycle of stress that keeps on stressing. A stable plan is needed, and our remote bookkeeping advice can provide one.
Even if you are comfortable and capable of keeping on top of your own books, it can be very time-consuming. Using a professional accountant to handle it frees up those hours for other, more productive (or relaxing) uses. A real estate agent could take on a greater workload, talk to more clients, spend time with family, or spend that time doing any number of things to further their career goals. Doing it yourself takes time, and your time is money.
An often-overlooked aspect of any business is just how easy it is to lose track of finances. Between filing the correct numbers for taxes, payroll, savings, and so many other facets, it’s easy to lose sight of potential savings in the maelstrom.
Less Accounting takes a deep dive into your financial pool. Illuminating areas where costs can be cut or savings made. Especially during tax season. There is a right way to file taxes and a wrong way. Unfortunately for many, the wrong way is easy, and the right way takes years of experience and training. Our valuable knowledge base at Less Accounting includes past experiences from hundreds of cases and clients, constantly evolving and updating with the times.
Why stress over trying to mitigate all the easy ways to lose out on savings when an accountant can do that for you? The cost of services often can’t compete with the hours spent, and savings missed otherwise.
The mismanagement of taxes can lead to consequences far worse than simply losing out on write-offs. Real estate agents must be doubly careful since there is greater government scrutiny in the real estate industry than in other sectors. Centralizing your receipts, purchases, expenditures, deductions, and all other aspects of cash flow is crucial to avoiding serious tax errors. There are many tax breaks real estate agents can enjoy if they know what to look for.
Growing your business as a real estate agent will take hard work and dedication; don’t let taxes hamstring you on the way up.
Reconciling your accounts is essential. Any crossover between personal and business domains is where things get dicey. Utilizing outsourced bookkeeping services like Less Accounting can streamline your accounts into defined paths. This will ensure you get an accurate snapshot of your business’ growth. To make it as a real estate agent, you must be able to anticipate and prepare for fluctuations in business. Having a stable foundation for any growing business is crucial.
The flip side of preparing for possible dry spells is being able to calculate future growth. Balancing these two factors is bookkeeping 101, but you don’t need to do it all yourself when affordable and practical help is one click away.
A good accountant and reliable software will see you through rough financial times. There’s no better way to solidify your business plan than by enriching it with sound financial planning and decision-making. This starts with keeping tabs on every dollar and making sure there are no hidden devils in the details. Worrying about money significantly hinders new and experienced real estate agents. It’s distracting, time-consuming, and negatively affects the agent’s ability to succeed in a demanding environment.
Give yourself a leg up with stable bookkeeping. It isn’t one of the things that should be nagging your mind when you look to the future and plan your next business decision.
The real estate business is the very essence of multitasking. There are so many cards in play at any given time that it takes a focused and determined mind to make it all work. The last thing most agents want to do after a hard day’s work is to dive headlong into complex accounting and bookkeeping details. There is enough on the go already.
Less Accounting is here to ease the burden of bookkeeping and helps real estate agents focus on the things that matter: Happy clients and sold homes.
Utilizing our services has further benefits as well. When you’ve got a professional and dedicated team managing your finances, you will be privy to industry trends that you may have missed in the chaos of doing it yourself. These services, and knowledgeable reporting on your cash flow, will illuminate new strategies for growing your wealth. Less Accounting will help you get there!