LedgerMatch
Bank Reconciliation Software for Real Estate Agents & Brokerages
Real estate bookkeeping is defined by irregular cash flow — large commission deposits every few weeks interspersed with consistent operating expenses, MLS fees, E&O insurance, and marketing costs. A busy agent or small brokerage might have 10 transactions in January and 80 in June. LedgerMatch handles that variability perfectly, matching every commission deposit, referral split, and broker fee against your QuickBooks or Xero ledger in under 10 minutes — regardless of how irregular the timing is.
Common reconciliation challenges for real estate businesses
- Commission deposits vary widely in amount and timing — manual matching against ledger entries takes hours at quarter-end
- Earnest money deposits and escrow transfers move between accounts in ways that create reconciliation differences that are hard to trace
- Referral fees, franchise royalties, and desk fees are deducted before deposit, making the bank amount different from the gross commission in QuickBooks
How LedgerMatch helps
- Fuzzy amount matching catches commissions that were net-deposited after referral fee deductions — flag and annotate the gross vs net difference in the exception queue
- ±1-day date tolerance handles the common 1–2 day lag between closing and commission deposit
- Exception queue lets you match and annotate unusual entries like earnest money returns or escrow adjustments with a note for your audit trail
Industry note
Real estate agents operating as sole proprietors or S-corps must reconcile commission income to 1099s received at year-end. LedgerMatch's clean transaction export gives you a dated record of every commission deposit that cross-references directly to your 1099-NEC from the brokerage.
Common banking and accounting tools
- Wells Fargo
- Chase
- Bank of America
- Regions Bank
- Truist
- QuickBooks Online
- Xero
- FreshBooks
- Buildium
Explore related resources
- Reconciliation for real estate businesses in New York
- Reconciliation for real estate businesses in Los Angeles
- Reconciliation for real estate businesses in Chicago
- Reconciliation for real estate businesses in Houston
- Reconciliation for real estate businesses in Phoenix
- Reconciliation for real estate businesses in Philadelphia
Install LedgerMatch
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